2023-03-31-accounts - Wodson Park Trust

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			Page
Trustees' Report		1	to	4
Statement ofTrustees'	Responsibilities
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet		8	to	9
Cash Flow Statement			10
Notes to the Cash Flow	Statement
Notes to the Financial Statements		12	to	21
Detailed Statement of Financial Activities		22	to	23

						31.3.23	31.3.22
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funds
			Notes	2	2	f	2
INCOME AND ENDOWMENTS		FROM
Donations and legacies				7,221		7,221	1,524
Charitable activities
Membership subscriptions				5,005		5,005	17,263
Activity and function	fees			22,222		22,222	19,931
Charitable activities				608,235		608,235	697,707
Investment income				759		759	13
Total						643,442	736.438
EXPENDITURE ON
Raising funds			5	40,016		40,016	51,674
Charitable activities			6
Activity and function	fees			220,148		220,148	82,341
Chanlable activities				515,320		515,320	662,777
Other							4,598
Total				775,484		775,484	801,390
Net gains on investments				7,228		7,228	9,609
NET INCOMB(EXPENDITURE)				(124,814)		(124,814)	(55,343)
RECONCILIATION	OF FUNDS
Total funds brought forward				724,735	1,798,852	2,523,587	2,578,930
TOTAL FUNDS CARRIED FORWARD				599,921	1,798,852	2,398,773	2,523,587

	BALANCESHEET
	31 MARCH 2023
		31.3.23	31.3.22
	Notes	2	2
FIXEDASSETS
Tangible assets	12	2,175,977	2,287,439
Investments
Investmsnts	13	4,174	40,402
Social investments	14	3	3
		2,180,154	2,327,844
CURRENTASSETS
Debtors	15	84,873	84,718
Cash at bank and in hand		232,511	223,905
		317,384	308,623
CREDITORS
Amounts falling due within ons year	16	(98,765)	(112,880)
NET CURRENT ASSETS		218,619	195,743
TOTAL ASSETSLESSCURRENT LIABILITIES		2,398,773	2,523,587
NETASSETS		2,398,773	2,523,587
FUNDS	19
Unrestricted funds		599,921	724,735
Rsstricted funds		1,798,852	1,798,852
TOTAL FUNDS		2,398,773	2,523,587

				CASH FLOW STATEMENT
				FORTHE YEAR ENDED 31 MARCH	2023
					31.3.23	31.3.22
				Notes	2	2
Cash flows from operating		activities
Cash generated from operations					(4,210)	76,773
Interest paid					(11,150)	(8,709)
Nst cash (used in)/provided		by operating	activities		(15,360)	68,064
Cash flows from investing		activities
Purchase oftangible fixed assets					(11,744)	(12,881)
Sale offixed asset investments					43,456	100,000
Interest received					759	13
Net cash provided by investing activities					32,471	87,132
Cash flows from financing		activities
Loan repayments in year					(8,505)	(3,195)
Net cash used in financing	activities				(8,505)	(3,195)
Change in cash and cash		equivalents	in the
reporting period					8,606	152,001
Cash and cash equivalents		at the beginning		of
the reporting period					223,905	71,904
Cash and cash equivalents		at the end	ofthe
reporting period					232,511	223,905

	RECONC8.IATION	OF	NET	E	XPE	NDITURE TO NET CASH FLO	W FROM OP	ERATING ACT	IVITIES
									31.3.23	31.3.22
									2	2
	Net expenditure for	the reporting				period (as per the Statement	of Financial
	Activities)								(124,814)	(55,343)
	Adjustments for:
	Depreciation charges								123,207	130,928
	Gain on investments								(7,228)	(9,609)
	Interest received								(759)	(13)
	Interest paid								11,150	8,709
	Increase in debtors								(155)	(42,336)
	(Decrease)fincrease	in	creditors						(5,611)	44,437
	Net cash (used in)/provided				by operations				(4,210)	76,773
2.	ANALYSIS OF CHANGES			IN	NET	FUNDS
								At 1.4.22	Cash flow	At 31.3.23
								2	2	2
	Net cash
	Cash at bank and in	hand						223,905	8,606	232,511
								223,905	8,606	232,511
	Debt
	Debts falling due within		1 year					(41,805)	8,504	(33,301 )
								(41,805)	8,504	(33,301)
								182,100	17,110	199,210


3.	INVESTMENT	INCOME
					31.3.23	31.3.22
					2	2
	Interest receivable - trading				759	13
	INCOME FROM CHARITABLE ACTIVITIES
					31.3.23	31.3.22
			Activity		2	2
	Activities and	function fees	Membership	subscriptions	5,005	17,263
	Activities and	function fees	Acbvity and function fees		14,722	14,931
	Rent received		Activity and function fees		7,500	5,000
	Grants		Charitable	activities	5,000	142,825
	Activities and	function fees	Charitable	activities	17,127	2,803
	Charitable activities		Charitable	activities	576,859	543,918
	Rent received		Charitable	activities	9,249	8,161
					635,462	734,901
	Grants received, included		in ths above, are as follows:
					31.3.23	31.3.22
						2
	Grant Income				5,000	142,825
5.	RAISING FUNDS
	Other trading	activities
					31.3,23	313.22
					2	2
	Purchases				24,279	40,583
	Licensing				4,587	2,382
	Interest payable and similar charges				11,150	8,709
					40,016	51,674

					Support	Support
				Direct	costs	(sse
				Costs	note	7)	Totals
				2	2		2
Activity and		function fees		219,764		384	220,148
Charilable	activities			515,320			515,320
				735,084			735,468
SUPPORT	COSTS
							Other
							2
Activity and		function fess					384
NET INCOMEI(EXPENDITURE)
Net income/(expenditure)			is stated after chargingf(crediting);
					31.3.23		31.3.22
					2		2
Depreciation		- owned assets			123,206		130,928
Hire of plant		and machinery			3,921		2,153

STAFF	COSTS
					31.3.23	31.3.22
					2	f
Wages	and salaries				339,826	369,224
Social security costs					17,294	15,795
Other pension costs					4,953	10,306
					362,073	395,325
The average monthly		number	ofemployees	during the year was as follows:
					31.3.23	31.3.22
Average	number ofemployees				44	44

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted		Total
			funds	fund		funds
			2	2		2
INCOME AND ENDOWMENTS		FROM
Donations and legacies			1,524			1,524
Charitable activities
Membership subscriptions			17,263			17,263
Activity and function	fees		19,931			19,931
Charitable activities			697,707			697,707
Investment income			13			13
Total			736,438			736,438
EXPENDITURE ON
Raising funds			51,674			51,674
Charitable activities
Activity and function	fees		81,466		875	82,341
Charitable activities			662,777			662,777
Other			4,598			4,598
Total			800,515		875	801,390
Net gains on investments			9,609			9,609
NET INCOMEI(EXPENDITURE)			(54,468)	(875)		(55,343)
RECONCILIATION	OF FUNDS
Total funds brought forward			779,203	1,799,727		2,578,930
TOTAL FUNDS CARRIED FORWARD			724,735	1,798,852		2,523,587

TANGIBLE FIXEDASSETS
		Improvements	Fixlures
	Freehold	to	and	Computer
	properly 2	properly 2	fittings 2	equipment f	Totals
COST
At 1 April 2022	3,960,777	1,919,481	659,078	52,449	6,591,785
Additions		11,744			11,744
At 31 March 2023	3,960,777	1,931,225	659,078	52,449	6,603,529
DEPRECIATION
At I April 2022	1,968,896	1,654,692	628,309	52,449	4,304,346
Charge for year	79,216	31,976	12,014		123,206
At 31 March 2023	2,048,112	1,686,668	640,323	52,449	4,427,552
NET BOOK VALUE
At 31 March 2023	1,912,665	244,557	18,755		2,175,977
At 31 March 2022	1,991,881	264,789	30,769		2,287,439

FIXEDASSET INVESTMENTS
	Listed
	investments
MARKET VALUE
At I April 2022	40,402
Dieposals	(36,228)
At 31 March 2023	4,174
NET BOOK VALUE
At 31 March 2023	4,174
At 31 March 2022

DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
	31.3.23	31.3.22
	2	2
Trade debtors	54,180	48,184
Prepayments and accrued income	30,693	36,534
	84,873	84,718
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	31.3.23	31.3.22
	8	2
Bank loans and overdrafts (see note 17)	33,301	41,805
Trade creditors	26.439	34,003
Amounts owed to group undertakings	1,172	2,427
Social security and other taxes	5,118	5,143
VAT	10,273	7,715
Other creditors	1,502	1,235
Accruals and deferred income	20,960	20,552
	98,765	112,880

	An analysis of	An analysis of	ths maturity	ths maturity	of loans is given below:	of loans is given below:
								31.3.23	31.3.22
								8	6
	Amounts	falling		due within	one year on demand:
	Bankloans							33,301	41,805
18.	ANALYSIS OF			NET ASSETSBETWEEN FUNDS
								31.3.23	31.3.22
						Unrestricted	Restricte	Total	Total
						funds	fund	funds	funds
						2	2	2	2
	Fixed assets					377,784	1,798,193	2,175,977	2,287,439
	Investments					4,177		4,177	40,405
	Current	assets				316,725	659	317,384	308,623
	Cunent	liabilities				(98,765)		(98,765)	(112,880)
						599,921	1,798,852	2,398,773	2,523,587
19.	MOVEMENT		IN FUNDS
								Nst
								movement	At
							At 1.4.22	in funds	31.3.23
							2	2	8
	Unrestricted		funds
	General	fund					724,735	(124,814)	599,921
	Restricted funds
	Restricted funds						1,798,852		1,798,852
	TOTAL	FUNDS					2,523,587	(124,814)	2,398,773
	Nst movement			in funds, included		in the above are as follows:
						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in funds
						2	2	6	2
	Unrestricted		funds
	General	fund				643,442	(775,484)	7,228	(124,814)
	TOTAL	FUNDS				643,442	(775,484)	7,228	(124,814)

						Nst
						movement	At
					AI 1.4.21	in funds	31.3.22
						2
Unrestricted funds
General fund					779,203	(54,468)	724,735
Restricted funds
Restricted funds					1,799,727	(875)	1,798,852
TOTAL FUNDS					2,578,930	(55,343)	2,523,587
Comparative net movement	in funds,	included	in ths above are as follows:
				Incoming	Resources	Gains and	Movsmsnt
				resources	expended	losses	in funds
				2	2	2	2
Unrestricted funds
General fund				736,438	(800,515)	9,609	(54,468)
Restricted funds
Restricted funds					(875)		(875)
TOTAL FUNDS				736,438	(801,390)	9,609	(55,343)
A current year 12months and prior year 12months combined				position is as	follows:
						Net
						movement	At
					At 1.4.21	in funds	31.3.23
					2	2	2
Unrestricted funds
General fund					779,203	(179,282)	599,921
Restricted funds
Restricted funds					1,799,727	(875)	1,798,852
TOTAL FUNDS					2,578,930	(180,157)	2,398,773

		Incoming	Resources	Gains and	Movement
		msoufces	expended	losses	in funds
		2	2	2	2
Unrestricted	funds
Generalfund		1,379,880	(1,575,999)	16,837	(179,282)
Restricted	funds
Restricted funds			(875)		(875)
TOT'AL FUNDS		1,379,880	(1,576,874)	16,837	(180,157)

		DETAILED STATEMENT OF FINANCIAL ACTIVITIES
		FOR THE YEAR ENDED 31 MARCH 2023
			31.3.23	31.3.22
			2	2
INCOME AND	ENDOWMENTS
Donations and	legacies
Gifts				I$24
Gift aid			7,221
			7,221	1,524
Investment income
Interest receivable - trading			759	13
Charitable activities
Grants			5,000	142,825
Acfivities and function fees			36,854	34,997
Charitable activities			576,859	543,918
Rent received			16,749	13,161
			635,462	734,901
Totalincoming	resources		643,442	736,438
EXPENDITURE
Other trading	activities
Purchases			24,279	40,583
Licensing			4,587	2,382
Bank interest			11,150	8,709
			40,016	51,674
Chaditable activities
Wages			339,826	369,224
Social security			17,294	15,795
Pensions			4,953	10,306
Hire of plant and machinery			3,921	2,153
Rates and water			29,820	21,569
Insurance			30,348	25,350
Light and heat			82,171	78,314
Telephone			2,905	1,395
Postage and stationery			834	1,474
Maintenance			69,797	58,197
Computer expenses			12,341	10,853
Accountancy and legal fees			17,667	19,560
Fixtures and fittings			123,207	130,928
			735,084	745,118

			31.3.23	31.3.22
			6	2
Support costs
Other
Sundries			384	4,598
Total resources	expended		775,484	801,390
Net expenditure	before gains and losses		(132,042)	(64,952)
Realised recognised		gains and losses
Realised gains/(losses)		on fixed asset investments	7,228	9,609
Net expenditure			(124,814)	(55.343)