Moore Thompson Tted Advlsers Ch8rt8rnd Acccthtants Company Reglstrallon Number 04329558 Charlty Number 1100674 WIS8ECH COMMUNITY DEVELOPMENT TRUST {A Company Llmlted by Guarantee) Unaudlted Flnanclal Statements for the year ended 28 Fobruary 2025
WISBECH COMMUNITY DEVELOPMENT TRUST Index for the year ended 28 February 2025 Legal and Adminislralive Infomiation Trustees, Annual Report Independent Examine¢s Report Statement of Financial Activities Balance Sheet Notes to the Financial Ststemenls 10-21
WISBECH COMMUNrrY DEVELOPMENT TRUST Legal and Admlnlstratlve Inforniallon for the year ended 28 February 2025 Tru$teo8 T J Jordan S L CavAhorne J M Hubbard Mrs P A Brown Miss H J Thidwell CMSGoad C E Suckling Mrs L-J Bannister Cllr L C Foice-Beard J L Burton Mlss R Slmkule A Houghlon Chair (resigned 14 August 2025) Deputy Chair Treasurer lappoinled 4 September 20241 lappoinled S August 2025} Reglstgred office The Oasls Community & Children's Centre St Michael's Avenue Wisbech Cambridgèshife PE13 3NR Accountants Moore Thompson Bank House Broad Street Spalding PE11 1TB Bankèrg National Westminster Bank PIC 1 Market Plece Wisbech Cambridgeshire PE13 10T UnSted Trust Bank 1 Ropemaker Street London EC2Y 9AW Hampshlre Trust Bank 80 Fenchurch Street London EC3M 4BY
WISBECH COMMUNrrY DEVELOPMENT TRUST Trustees. Annual Report for the year ended 28 February 2025 The trustees. who are also directrjrs for the purposes of the Companies Act. have pleasure in psentIng their report and the financial stalements of the charitable company for the year ended 28 February 2025. INTRODUCTION Wisbech Community Development Trust was registered as a charity on 13 November 2003. These financial statements cover the year ended 28 February 2025, the comparats.ves covering the year ended 29 Febfuary 2024. 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 8 chanty (charity number 1100674, company number 43295581. OBJECTIVES OF WIS8ECH COMMUNITY DEVELOPMENT TRUST Th8 objectives of the company as set out in the Memorandum of Association are as follows.. (al To promote for the benefit of the inhabitants of Wisbech and the surrounding area the provision of lacililios for recrealion or other leisure lime occupalbon of individuals who have need of such facilits'es by reason of their youth. age, infimiity or disablement. financial hardship or social and economic circumstances or lor the public al large in the interests of social welfare and wlh the object of improving the conditsons of life of the said inhabitants. Ibl To eslab115h or Secure the establishment of a community centre and to maintain and manage the same in furtherance of the objects ol the company. ORGANISATION Th8 charilable company is govemed by a Board of Trusle&s c¢)mprising'. al least five bul not more Ihan len Community Members., up lo four persons nominated by each of Fenland District Council, Cambridg8shire County Council, Educalional E$18blishment and the local NHS Trust.. up lo three persons representing organisats.ons bthich use the facilrties of the company- no moTr than two persons who may be but need not be members of the company, Covopled by the B08rd of Trustees. Training is provided io keep Irustee$ up lo dale new legislatw t)n a regular basis. RISK MANAGEMENT The Board of Trustees has conducled its own review ol the major risks to which Ihe charilable company is exposed and syslems have been eslablished lo miligale Ihose risks. Significant exlemal risks lo funding have led lo Ihe development of a strategic plan. Inlemal risks are minimised by the implemenlalion of procedures for authofisalion ol all Iransaclions and projects and lo ensure quality of delivery for all operalional aspects of the charitable company. These procedures are periodically Trviewed to ensure that they still meet the needs of Wisbech Community Devek)pmenl TrusL RESERVES POLICY 11 is the policy of the charity that unrestricled funds vh)ich have not been designated for a specific use should be maintained al a level equivalent lo six rnonths expenditure. INDEMNrff 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 28 February 2025 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, il was officially opened by Her Royal Highness, The Princess Royal on 16 November 2005. The Cenlre is part of phase 1, model 1 for Children Centres and incorporates a Nursery which caters for children up lo 5 years old. The Centre has become a focal point for many services which cover the Watertees area as well as being a Community Centre for the whole of Wisbe¢h. The Trust negotiated with Cambridgeshire County Coun1 lo lake on the day lo day funning of the Nursery on behalf of the Trust and this was with effect from 1 April 2007. The Nursery is open Monday lo Friday, 8am to 6pm. This is run by a team of dedicated and qualified staff. 11 provides full day4are 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 il has been for many because of Ihecontinuing Cosl-of-Living Crisis during this period and this has affected many of our bookings, especially as we were still recovering frorn the effects of the COVID-19 Pandemic. These are the groups that used the Oasis Centre during this financial period.. 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 il 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 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 leaming. PHAB This group is for disabled and non-disabled people lo meet every fortnight on a Tuesday evening, 7pm lo 9pm. 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 afternoon, 12.30pm- 4.00pm and all day Wednesday 8.30am - 4pm. They do lols of different exercises lo gel the heart pumping and mainly work wrth COPD clients. Over 50's Social Grou This is a group for the over 50's and they meet everyThursday afternoon 1.30pm to 3.30pm and do a mixture of aclivits'es 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 Grou We have a social Craft & Chatter group that meets every Tuesday 9'.30am lo 11'.30am and they teach each other a range of different crafts.
SBECH COMMUNITY DEVELOPMENT TRUST Tru$lees' Annual Report for the year ended 28 February 2025 OUR REGULAR USERS OF THE COMMUNifY CENTRE DURING THE FINANCIAL YEAR {contlnued) Wei ht Mana ement Healthy You run weekly weight management session on Wednesdays and Thursdays through 1..1 sessions. The individuals are ident1 by the local GP surgeries. Bul arian This school meets every Satur(lay. during tenn time. 9.00am- 1.00pm. vthere children are taught Bulgarian and leam aboul their traditions. This group meets every Tuesday 1.15pm- 2.15pm and 2.1 Spm - 3.15pm and both are well attended. It has also attracted several males lo Ihe group. who state that this has hélped with their health & wellb8ing. This group meets every Tuesday 12.1 5pm- 1.15pm. Thèy work with individuals to help improve their balance and prevent falls. This gn)up is for anyDne Y•tho is suffering from social isolation and you will be welcorned with a nice hol drink. They meel every Tuesday 2pm- 4pm and also have craft actNities for everyone to have a 90 al. Diabetic Prevent. Healthy You run weekly Diabetic 1.1 sessons on a Thursday. The individuals are identified by the local GP surgeries. raveller Hub Meet here every Monday. except Bank Holays. 10'.OOam- 2'.00pm and Can help wth a variety of issues. ni This group meets every 11Kday. 10.00am - 12 no(x). where everyone is invited lo pop along for a hol drink and a piece of cake and is especially for those wkj suffer from social isolation. Li Mir This gn)up meets once a month on a Thursday 7pm- 9pm and is for children wth a disability. Kin s Portal Church Meet every Sunday 9am- 12noon and is open to everyDn8 to partiapale. Th Wild Hu Meel once a month a Sunday 10.45am- 12.45pm.
WISBECH COMMUNITY DEVELOPMENT TRUST Trustees. Annual Report for the year ended 28 February 2025 OUR REGULAR USERS OF THE COMMUNifY CENTRE DURING THE FINANCIAL YEAR {contlnuedl Wisbech Lions Hold their monthly meetings on the first Wednesday of the month, here at the Oasis Cenlre. Rola Club Were holding thelr monthly meetings here at the Oasis Centre 1.1 se55ions NT&AS run some 1.1 s8sslons for tèènagers lo support them through their schooling. Conferences and meetin We have an as50rtment 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 stops right outside the Cenlre. The Centre has Its own Micro Library and this is free lo pin, you can borrow up to 3 books a lime. We are constantly adding to the selection of books, which caters for all ages. The C8nlre Gan also provide Information, Advice and Guidance {IAGI lo local residents and h8ve assisted them wilh many of their issue5, or signposted them to other organisations, where necessary. Staff have also been working very closèly with Clarion lo help sort out a variety of residenls problems. The trust continues lo apply for grants to pul on aclivilies. with the support of our partners lo help improve the lives of our local ¢ommunily. LOOKING FORWARD Although the Trust employs a small team lo run the day to day operations of the Cenlre, this team has made an impact and they are keen lo promote the Centre for the use of local people. The Centre Manag&r is also working with local partners lo secure funding to hold a variety of activities lo benefit th& local community. These include Family Fun days, Iheme evenls as well as further learning opportunities. The m051 popular courses have been the Confiden¢e Building Courses. which have enabled residents to move onto elther further education courses, training or inlo émployment. We are continuing to work wrth C18rion, Anglian Water, C8mbrldgeshire County Councll and Fenland Dislncl Council to look al the possibility of extending the curTenl Oasis Cenlre. lo include a Multi-purpose Sports Hall, with sprung fl¢)oring, a Community Café area and a youth room. These are all areas that the community has highlighted as facilities that they would like. bul we currently cannot accommodate in the current formal of our rooms. We are in discussion with CCC re leasing their land beside the current sile and once we have this secured, we can apply for planning permission and funding. We did consult wrth the community 14 years ago and they told us that is whal the area needed and during our recent consullalion, the local residents confirm that this is still the case. Th8 Oasis Centre has been affected by the Cosl-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 wlh partner organisalions and local residents, lo re-inslale group aclivilies. With regards to the Costl-L1VIng Crisis, this has meant an increase in our overheads. which we are unable lo pass onlo our groups. as they are also struggling 10 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 inlo a number of wayE that we can reduce our overhead costs. Following the year end the Trust will install Solar Panels onto the Centre lo help duce electricity costs. this will be made possible by a grant through Cambridgeshire County Council. They are also looking at other cost effects've measures Ihal they can implement to help rduce our overheads.
SBECH COMMUNITY DEVELOPMENT TRUST Trustees, Annual Report for the year ended 28 February 2025 THE TRUSTEES The Tnjstees served the charitate company durin9 the p8rH)d are listed on Ihe legal and administrative infomalion page. on page 1. TRUSTEES. RESPONSIBILMES The truslegs (who are also the directors of Wist)ech 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 Accounts'ng Slandards {United Kingdom Generally Accepted Accounting Praclicel. Company law requires the trustees to wepare financial slatem8nls for each financial year which give a true and fair view of the slate of affairs of the chantable company and of Ihe incoming resources and application of resourcas, including the income and expenditure. of the charilable company for that period. In prèparing these financial statements. the tnjstees are required lo- select suitable accounting poliues and then apply them consistenuy.. obserye the methods and principles in the Charilies SORP; make judgements and eslimales that are reasonable and prudent". statè whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the finanaal statements on the going concern basis unless il is inappropriate to presume that the charitable company IMII conlinue in operakn'on. The truslees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any lime the financial position of the charitable company and enable them to ensu that the financial statements comply with the Companies Acl 20(. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for Ihe prevention and detection of fraud and other irregulantses. PUBLIC BENEFIT The Iruslees have considered the Charity Commission's guidance on public benefit and beli&v8 that the objects of the trust and the activities undertaken support this publ benefit. Th& Iruslees consider Ihat the full details of the public benefit have been displayed wlhin the review of activities and the futu development anned. INDEPENDENT EXAAIINER A resolulion lo rapPOint M A East 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 20(. Signed by order of the Trustees TJ Jordan - Chalr Approved by the Trustees on 13 li
Independenl Examinerfs Report to the trustees of the SBECH COMMUNITY DEVELOPMENT TRUST I report to the charity trustees on my examination of the accounts of the charity for the year ended 28 February 2025 whh arn s8t out on pages 8 to 21. Respon$lbllltlo$ and basls of roport As the charity trustees of the company {8nd also its diredors for th8 purpos8s of company law) you are responsib for th8 préparats'on of the aCcnts in accordance the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied mysell that Ihe accounts of the rnpanY are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in sPect of my examination of your company's accounls as Carried oul under section 145 of the Charities Act 2011 ('the 2011 Act.). In Carrying out my examination I have followed Ihe Directi$ given by the Charity Commission under section 145151{b) of the 2011 Act. Independent exam1* statement I have complet8d my examination. I confimi that no matters have come lo my attention in connection with the examination giving me Cause to believe that in any material respect: accounting recwls were not kept in respect of Ihe charity as required by section 130 of the Act.. or 2. the accounts do not ac¢wd with those records: or 3. the accounts do not comply wth the accountivKJ requirements of sectson 396 of the 2006 Act other than any requiremenl Ihal the accounts give a'true and fair viev¥ which is not a matter considered as part of an independent examinakn"on: or 4. the aCCnts have nol b8en prepared in accordance wth the methods and principles of the Statement of Recommended Pfaclice for 8ccounlin9 and reporting by charili85 applicable lo charitles preparlng their acGounts in aCCdanCe %Mth the Financial Reporting Standard applicable in the UK and Republk ol Ireland (FRS 102). I have no conc8ms and have come across no other matters in connection with the examination lo vthich attenlion sht)uld be drawn in this report in order to enable a prop8r undetstandiro of the accounts to be reached. .A East FCCA Moore Thompson Chartered Accountants Spalding Date: )u¥
WISBECH COMMUNITY DEVELOPMENT TRUST Statement of Financial Activities lincluding Income and Expenditure account) for the year ended 28 February 2025 2025 Unr•$trl¢l•d Rostrlctod Funds Funds 2024 Total Funds Total Funds Nolo Donations aThJ grants Charitable adivities 645 18.906 19,551 114,574 1.457 36,433 114,574 1.457 97,185 918 Investments Total Incom• 116,676 18.906 135,582 134,536 Expeftdlturo on: Charitable activities Support and Govemance costs Total expendltur• 118.594 8.279 47.666 22 166.260 8,301 174,561 147.807 7,613 155,420 126,873 47.688 Nat •xp8ndltur• {10,197) 128,782) 138.979 120,8841 Transfers between funds Net movement In funds (10,197) (28,782) 138,979) 120,8841 R•conclllallon of funds: Total funds broughl fcThafd Total funds cgrrled forward 138.363 128,166 1.269.939 1.241.157 1.408.302 1.369.323 1,429,186 1,408,302 10 All of the activits'es of the charity are dassed as o)nlinuing aclivilies. The slatemonl of Financial Actsvities includes all gaitKS and losses recognised in the year. Th8 notes on pages 10 to 21 fom part of these financial ststements.
WISBECH COMMUNITY DEVELOPMENT TRUST Balance Sheet At 28 February 2025 2025 2024 Note Flx•d assets Tangible assets 1,192,820 1,211,594 Currenl assets Oeblors Cash al bank and in hand 18,953 182,878 201,831 16,991 207,293 224,284 Credltor8: Amount8 falllng due wlthln ona year 125,328} (27,576} Net current a880ts 176,503 196,708 Total assets less current Ilabllltle3 1,369,323 1,408,302 Fund$ Unrestricted Reslricled 10 11 128,166 1.241.157 138,363 1,269,939 1.408,302 1.369.323 The accounts have been prepared in accordance with the provisions applicable to companies subject lo the sm811 companies regim& for Ihe year ended 28 Febnjary 2025.. the charity was entitled to exemption from audit under Section 477 of the Compani8s Act 2006 Ith8 Act) relating lo small companies. Directors, responsibili185'. lil The members have not requlred the charlty lo obtaln an audlt of Ils accounls lor the year Sn quesllon in accordance with Section 476 (ill the dire¢lors acknowledge their responsibilities for complyng with the requirements of the Act with respect lo accounting records and the preparation of accounts. These financial statements were approved and authorised by the Trustees on l signed on their behalf by: 201 an T J Jordan - Chalr ty Chalr Company Number: 04329558 The notes on pages 10 10 21 form part of these financial ststemenls.
SBECH commuNy DEVELOPMENT TRUST Notes to the Financlal Statements for the year ended 28 February 2025 1. A¢¢ounting policies General infommlion and basis of accounting Wisbech C(Nmmunity Development Trust is a company limited by guarantee registered in England and Wales. In the event of the charitable company being wDund up. the liability in respect of the guarantee is limited to £1 per member of the charity. The number of guarantors at 28 February 2025 was 11 {2024 13). The address of the registered office of the charity is given in the charity information on page 1 of these financial slalemenls. The nature of the charitys operations and Pfincipal aclivilies 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 accordan with Accounting and Reporting by Charities." Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IrelarMI issued in Oclober 2019, the Financial Reporting Standard applicable in the United Kingdom and RepublTrc of Ireland IFRS 1021. the Charities Act 2011. the Companies Acl 2{ and UK Generalty Accepted Accounting Practice. The financial statements are prepared on a going concem basis under the historical cost convention. modified to include certain items al fair value. The financial slatemenls are presenled in sterling which is the functional currency of Ihe charity. The significant accounbng kK)IleS applied in the preparation a sel oul below. These policie5 have been consistenY applied to all years presenled unless olherwise sialed. Funds Unrestricted funds are available for use al the discrelion of Ihe trustees in fvrtherance of the general objectives of the charity and which have nol been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the tnjstees for particular purposes. The airn and use of each designated fund 15 set out in the notes to the finanaal stalernents. Restricted funds are funds which are lo be used in accordance wilh specific restrictions imFh)sed by donors or which have been raised by the charity for pat1icular purposes. The cost of raising and administering such funds are charged against the specffic fund. The aim and use of each restricted fund is sel out in the rleS to the financ$ statements. Income recognition l incoming resr a included in the Statement of Financkil Activities when the charity is legally entle to the income after any performance conditions have been mel, the amount can be measured reliably and it is prObae that the income V•ryll be received. For donations lo be recognised the charity wll 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 perfomiance before ents"tlement can be obtained then income is deferre(l until those conditions are fully met or the fuifilment of those conditions is wthin the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recrynised in income at their fair value when their economic benefil is probable, it can be measured reliably and the charity has control over the item. Fair value is delemined on the basis of the value of the gift lo the charity. No amount is induded in the financial statements for volunteer time in line wtlh Ihe SORP IFRS 102). 10-
SBECH COMMUNtrY DEVELOPMENT TRUST Notes to the Flnanclal Statements (contlnued) for the year ended 28 February 2025 1. keountlng pollcles (contlnued) Incom& r•cognftlon (contlnuedl Income from govemmenl and other grants are recognised al fair value vthen the charity has enliuement after any p8rfomiance conditions have been mel. it is prot)ae that the income will bo received and the amount can be measured reliat4y.ll entitlement is not met then these amounts are deferred. Interest on funds held on Ileposit is included when receivable and the arnnt can be measured r81iably by the company; this is nonnally urKsn nolrficatson of the interest paid or payable by the bank. Expondltur• rognItIOn All expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all costs related lo the calegory. Expenditure is recognised where there is a legal or constructive obligation lo make payments to third parties. it is probable that the settlement will be required and the amount of otAigation can b8 measured reliably. Charitable activity expenditure is detailed in not8 5 to the financial $tatemenls. These 6xpons8s are subcategorised b8hyeen charitae acliviknes, support costs and govemance costs. Support costs are those that assist the work of the charity bul do not direcyy represent charitsble activities arKJ include office costs, computer costs. and bank charges. They are incurred directly In support of expenditure on the objects ol the charity. Govemance costs are costs of charitable activities bul those vthich relate lo the govem8nce and siewardshlp of the charity rather Ihan dlrecty to the activlti8s th8mselves. Flxod a•Mt• Tangibl8 fixed assèts are Stat at cosl188s accurnulated depreciation and accumulated imp8imi8nt losses. Cosl Includes costs directy attn'bulable lo m8klng the asset C8P8ble of oper8ts.ng as intended. D•pr•clatlon D8preciab'on is provided on all tangib fixed assets. al rates calculated to write off the cost, 8S estimaled residual value, of each assel on a systematic basis over its expected useful life as follows.. Leasehold buildings Straht line over the temi of the 8$0 agreement Equipment 25% per annum Strah1 lin8 Computer equiFKnent 25% per annum straight line Building fixiures & fitlings 6.67% per annum stratqht line115 years) D•btors and credllors r•c•fvabl¢lpayable wlthln ono year Debtors and creditors with no staled interest rate and receivable or payable viithin one year are recorded at transaction price. Any k)sses arising from irnpairmenl aro recognised in expenditure. Employ00 bèneffts The charity operates a defined conlribulion pension scheme for employe05. The assets of the scheme are hekl separately from those of the charity. The annual contributions payable are charged lo tt)e Staternent of Financial Activitie5. Taxatlon charity ts an exempt thaiity within the meaning of schedule 3 of the Chariknes Acl 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and th8refor8 it meets the definition ol a charitable cornpany for UK c(¥porakn'on tax purposes. 11
WISBECH commuNy DEVELOPMENT TRUST Notes to the Flnanclal Statsments (contlnued) for the year ended 28 February 2025 1. A¢¢ountlng pollcles (contlnued) Golng concern The finanual statements have been prepared on a going concem basis as the trustees believe that no maleTial uncertaints'es exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial statements. The budgeted income and expenditure is sufficienl with the level of reserves for the charity to be able to continue as a going concem. Judgèmènts and kèy sour¢o8 of estlmatlon un¢•rtalnty The preparation of the financial statements requires management lo make judgements, estimat&s and assumptions that affect the amounts reFM)rted. These eslimales and judgements are Continually reviewed and are based on eXrIenCe and other factors. including expectations of future events that are believed lo be reasonable under the circumslances. Revisions lo accounting eslimales ar8 recognised in the period in which Ihe estimate is revised if the revision affects only that period or in the period of the revision and lulure periods if the ffjvision affects both current and future penods. The useful economic life used to depreciate tangible fixed assets relates to the expected future performance of the assets acquired and management's ests'mate of the pèriod over which economic benefit will be derived from the asset. The residual value of an asset is the estimated fair value of that asset al the end of its useful economlc life and therefore is also d8pendenl upon the estsmalion of that lifè span. Historically, changes lo the useful economic lrfe and sidUal values have not had a material impact on the depreatIOn amount charge lo the Statement of Financial Activities. Cut-off is applied at the year end date. An eslimalion of income or expenditure applicable lo the r818vant period musl b8 applied wh8n the receipt or paent relates to a different period to the year Operatlng leas• agreements Rentals applicable to operating aSt$ wh8Te substantially all of the benefits and risk of ownership remain with the lessor are Charged against profits on a straight line basis over the penod of the lease. 12-
WISBECH COMMUNITY DEVELOPMENT TRUST Notes to the Flnancial Statements (contlnued) for the year ended 28 February 2025 2. Income from donatlons and grants Total Funds 2025 Unrestrlcted Restrlcted Funds Funds Total 2024 Donations 145 145 Grants.. Cambridgeshire County Council Cambridgeshire City Council Fenland District Council - Covid-19 Wisbech Town Council 5.267 5,267 600 600 500 Local govemment grants CLLD - IT Proje¢l Gate Herts Hunts Forum Tesco- Groundwork Cambridgeshire ACRE National Lottery- Cost of Living GRT Inflatables Assura - Obesity Project CPSL Mind 5.867 5.867 500 1.500 1.000 350 1,000 1.140 30,938 3,580 5,610 996 2,854 3.580 5.610 996 2,854 500 500 Institutional grants 500 13,039 13,539 35,928 Tolal grants Tolal donations and grdnls 500 18.906 19,406 36,428 645 18.906 19.551 36,433 3. Charitable activities income Total Funds 2025 Unrestricted Restrlcted Funds Funds Total 2024 Provision of a community centre 114,574 114,574 97,185 4. Investment Income Unrestricted Restricted Funds Funds Totsl 2025 Total 2024 Bank interesl receivable 1,457 1.457 918 13-
S8ECH COMMUN DEVELOPMENT TRUST Notes to the Flnanclal Statements (contlnued) for the year ended 28 February 2025 5. Expendlluro Note Unrestrlcted Restrlctod Funds Funds TfAal 2025 Total Funds 2024 Chariiable acts'vities Purchases Waterlees in Bk)om Rales and water Light and heat Repairs and renewals Refus8 coll8ction, laundry and cl8aning Insurance Training Sundries Professional fees Wages and salaries National insurance Pension cosl Deprociation 161 81 242 328 461 765 21,917 8.020 2,342 3.285 1.153 440 2.149 15.267 8.008 2.270 3,549 2,149 18.557 8,008 2,270 3,549 6.972 30 3.290 6.792 30 83.586 1,434 7,349 90,935 1,434 1,990 30.124 87,678 1.446 1.865 18,107 147,807 30.124 118,594 47,666 166.260 b. Support costs Office costs Computer costs Bank Charges 4.087 1.705 273 22 4,109 1,705 273 3,737 1,605 251 22 6,087 5,593 Govemance costs Indep6rKJenl examiner's fees Total expenditure 2.214 126,873 2,214 174.561 2.020 155,420 47,688 14-
WISBECH COMMUNITY DEVELOPMENT TRUST Notes to the Flnanclal Ststements {contlnued) for the year ended 28 February 2025 6. Slaff costs and èmployee benefrts The aggregate payToII costs were.. 2025 2024 Wages and salaries Social security costs Other pension costs 90.935 1,434 1,990 94,359 87,678 1.446 1,865 90.989 No employee received total employee benefrts (excluding employer pension costs) of more than £60,000 in either the currenl or prior year. The average number of staff based on average head count during thè year was.. 2025 No. 2024 No. Full time Part time The average number of staff employed equating lo the full time equivalent dunng the year was.. 2025 2024 Full time Part time No amounts are payable to the trustees in respect of remuneration. benefits in kind or reimbursement of expenses. 15-
SBECH COMMUNrrY DEVELOPMENT TRUST Notes to the Flnanclal Statements (contlnued) for the year ended 28 February 2025 7. Tangible fixed assets Bulldlng fixtures & ffttings Loasohold Cornputer property Equipment equipment Total Cost Al 1 March 2024 Additions Transfers Disposals 1.493.859 64.150 95.585 1,653,594 11,350 11,350 19.944 {17.308) {2.636} (288) {84.804) (85.0921 At 28 February 2025 1.476.551 61.226 10.781 31,294 1,579,852 Depreciation At 1 March 2024 Transfers Charge for Ihe year On disposals 288,289 (1.962> 15.081 60.593 93,118 442,000 1,962 12.196 380 (288) 2.467 {84.804} 30,124 {85,092} At 28 February 2025 301.408 60.685 10.781 14,158 387,032 Net l)ook value At 28 February 2025 1.175.143 541 17,136 1.192.820 At 29 February 2024 1,205,570 3.557 2.467 1,211.594 8. Debtors 2025 2024 Trade debtors Prepayments and sundry debtors 14.566 4.387 18,953 15.957 1,034 16,991 9. Creditors: Amounts fallÉng due wlthln one year 2025 2024 Trade creditors Taxation and Sla1 security AccTuals and deferred income 4.333 1.613 19.382 25,328 10.067 1,427 16,082 27,576 16-
YISBECH COMMUNrrY DEVELOPMENT TRUST Notes to the Financial Statements (continued) for the year ended 28 February 2025 10. Statement of funds Movement in resources Balance * 1 March 2024 Incoming Balance at Outgoing Transfers 28 Feb 2025 Designated funds Building emergency mainlenancE New extension inveskngati( costs 75.000 75.000 25.000 25,000 General funds General fu1 38.363 138.363 116.676 116.676 1126,8731 1126,8731 28.166 128,166 Total unrestrTrcted funds Rastrfcted funds Oasis Community Centre New Extension fund Anglia in 8kM fund CCC- GRT Hub Cambs ACRE- Community Living Room Nat. Lottery- Cost of Lmng WTC - Allsorts 1,268,977 254 514 194 (30,1241 1,238,853 254 905 149 11091 (45> 3.580 5.610 100 (3,580) (5.6101 (1001 (5,267) (2,8531 CCC - IT project Assura - Obesity Project GRT- Inflatables 5.267 2.853 996 Total restricted funds 1,269,939 18,906 (47,688) 1.241.157 Total funds 1.408.302 135.582 174.561 1,369,323 17-
WISBECH COMMUNITY DEVELOPMENT TRUST Notes to the Financial Statements (contlnued) for the year ended 28 February 2025 10. Stat•m•nt of funds (continuedl Analysls of net assets Tanglblo flxed assots Cash and bank Other net assets Total Deslgnated funds Building emergency mainlenance New extension invests'galion costs General funds General fund 75.000 25.000 75.000 25,000 541 23,332 123,332 4,293 4.293 28,166 128.166 Total unrèstricted funds 541 Restrl¢tod fund8 Oasis Community C8nlr8 New Extension fund CCC- GRT Hub Anglia in Bloom fund Cambs. ACRE- Community Living Room Assura - Obesity Project GR T- Inflatables 1,192.278 46.575 254 149 905 2,280 8,388 996 1,238.853 254 149 905 12,2801 18.3881 996 Tolal reslri¢led funds 1.192.278 59.547 {10.668) 1.241.157 Tolal funds 1,192,819 6,375 182,879 1.369,323 Bulldlng Emorg8n¢y Malnt•nanc• Fund - This represents funds designaled from general funds lo be reserved for the exceptional maintenance of the community cenlre. These funds remain unrestricted and ar8 used al the discretion of the Iruslees. Now Exlenslon Invostlgatlon Costs Fund r8presenls funds raised for the purpose of looking lo build an extension to the Current property. The funds remain unrestricted and are at the discretion of the trustees. Oa818 Communlty Cantra This represents fundin9 received on the planning and construction of the community cenlre. The resourGgs expended represent the depreciation being charged in the year on the fixed as50t5 acquired and in use as part of Ihe proje¢l. GRT Hub - represents Cambridge5hir8 County Council funds to provide a member of $18ff and resources to deliver a project lo the GRT community. This remaining funds are for resources required in the future for this group. wrc Anglla In Bloom Fund - This represents funding received from Wisbech Town Council for the Waterlees in Bloom project. The resources expended represent costs incurred in delivering projects across the Walerlees ward, for the local residents. The group is run by volunleers from the Trusl, residents and other local organisalions. Carnbridgeshire ACRE This represents funds received Living Room Grant, to support rural and urban community centres. This fund is for the provision of a community café , lo support local residents overcome social i501alion and access information. advice and guidance. 18-
SBECH COMMUNrrY DEVELOPMENT TRUST Notes to the Financlal Statements {¢ontlnued) for the year ended 28 February 2025 10. Statement of funds (contlnued) National Lottery - Cosl of Living Fund - This represents funds received by the Trust lo fund an Inlomation. Advice & Guidance project lo SUprt local Sidents thr¢)ugh the Cost of Living crisls and Ihis fund was to help cover the wages cost of staff providing this service. wrc - All Sorts - This represents initial lunds received to establish a new group called Allsorts. GRT - Inflatables - This represents funds held on account. with further funding anticipated to acquire swmming pool inflatables. Assura - Obeslty Prolect - Thts represents fvnds received to run 2 low impact groups and 2 walking foolball groups over the next 20 weeks to assist is lowering rales of obosity. ccc - rr Prthct- This represents funds received to provlde IT equiment for the Freedom café. 11. Control relatlonshlp The ¢harity is controlw by the Irustees intlY and no individual can or does exert control over the others. 19-
SBECH COMMUNrrY DEVELOPMENT TRUST Notes to the Flnanclal Statements (contlnued) for the year ended 28 February 2025 12. Fund comparatlves 2024 Unrgs¢ricted Restricted Funds Funds Total Funds Income from: Donations and aCleS Charitable activiknes 36.428 36.433 97.185 97.185 Investrnents 918 918 Tolal Incom• 98.108 36,428 134.536 Exp?ndllur• on: Charitable activities 103.750 51.670 155.420 Total oxpgndllur• 103,750 51,670 155,420 N•1 0xndItr0 5,642 15.242 20,884 M0Ment In resources Balance at 1 Mar 2023 In¢omlng Balance at Oirtgolng Translors 29 Fab 2024 D•slgnaled lunds Building emergency malnlenancÉ New extension investsgation costs 75,000 75.000 25,000 25,lJOO G•n•rnl fund• General fund 44.005 98.108 1103.750> 1103,7501 38,363 138.363 Tol81 unrestricted lunds R•$lrlclod funds Oasis Community Centre New Extension furKI Anglia in Bloom fund CCC- GRT Hub CLLD - Clarion IT Project Hunts Fom) - Skills Swap Gale - Herts TescolGroundwork Cambs ACRE- Community Living Room Nat. Lottery- Cosl of LivirvJ 144,005 98,108 1.284.237 254 271 419 (15.260) 1,268,977 254 514 {257) 1225) {1.500) {350) 11.OCK)) (1.000) 1.500 350 1.140 30.938 11.1401 130,9381 Total restricted funds 1.285.181 36.428 151,670) 1.269,939 Total funds 1,429.186 134,536 1155,420) 1,408,302
WISBECH COMMUNITY DEVELOPMENT TRUST Notes to the Financial Statements {contlnued) for the year ended 28 February 2025 12. Fund comparatives {contlnued) Analysis of n•t assels Tangible flxed assets Cash and bank other net assets Total Deslgnated funds Building emergency maintenance New extension investigation costs 75,000 25,000 75.000 25,000 General funds General fund 6,024 35,954 (3,6151 3,615) 38,363 Total unrestricted funds 6,024 135.954 138,363 Restricted funds Oasis Community Centre New Extension fund Anglia in Bloom fund CCC - GRT Hub Cambs ACRE- Community Living Room Nat. Lottery- Cost of Living Total restricted funds 1,205,570 63,407 254 514 1.268,977 254 514 194 1,360 5,610 71,339 11,360) (5,6101 (6.970) 1,205,570 1,269,939 Total funds 1,211,594 207.293 10,585 1,408,302 21