REGISTERED COMPANY NUMBER: 05480342 (England and Wales) REGISTERED CHARITY NUMBER: 1112613
Report of the Trustees and
Financial Statements
for the Year Ended 30 June 2022
for West Marsh Development Trust Association Ltd
SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
West Marsh Development Trust Association
Ltd
Contents of the Financial Statements for the Year Ended 30 June 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
West Marsh Development Trust Association Ltd
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th June 2022.
The trustees have adopted the provisions of the Charities SORP (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 (FRS 102)' effective from 1st January 2019).
Trustees have regard to the Charity Commission's guidance on public benefit.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a memorandum and articles of association, and constitutes a limited company, limited by guarantee without share capital, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 05480342 (England and Wales)
Registered Charity number 1112613
Registered office West Marsh Community Centre Beeston Street Grimsby North-East Lincs DN31 2QH
Trustees
Mr S W Webster Mrs A Barber Chair (resigned 20.3.22) Mrs W Baker Mr R Smith Mrs C Hayes Mr J Wilson (resigned 20.3.22) Miss C Barber (resigned 20.3.22) Mr P Melkevik (resigned 15.12.22) P Singleton (appointed 10.12.21) Mr A Clark (appointed 10.12.21) L Hudson (appointed 15.12.22)
Company Secretary Mr S W Webster
Independent Examiner Mr H N Sanderson FCIE SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
Approved by order of the board of trustees on 7 March 2023 and signed on its behalf by:
Page 1
West Marsh Development Trust Association Ltd
Page 2
Independent Examiner's Report to the Trustees of West Marsh Development Trust Association Ltd
Independent examiner's report to the trustees of West Marsh Development Trust Association Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2022.
Responsibilities and basis of report
As the charity's 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 charity'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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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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
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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.
Mr H N Sanderson FCIE
SKS Bailey Group Limited
Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
7 March 2023
Page 3
West Marsh Development Trust Association Ltd
Statement of Financial Activities for the Year Ended 30 June 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies - Charitable activities Charitable activities 46,261 Other trading activities 2 19,051 Investment income 3 13 Other income 6,255 Total 71,580 EXPENDITURE ON Charitable activities Charitable activities 87,416 NET INCOME/(EXPENDITURE) (15,836) RECONCILIATION OF FUNDS Total funds brought forward 52,342 TOTAL FUNDS CARRIED FORWARD 36,506 |
Restricted fund £ - 150,424 - - - 150,424 113,946 36,478 18,635 55,113 |
2022 Total funds £ - 196,685 19,051 13 6,255 222,004 201,362 20,642 70,977 91,619 |
2021 Total funds £ 1,305 103,525 8,314 4 21,991 135,139 137,017 (1,878) 72,855 70,977 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
West Marsh Development Trust Association
Ltd
Statement of Financial Position 30 June 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 25,662 CURRENT ASSETS Debtors 8 45 Cash at bank 13,316 13,361 CREDITORS Amounts falling due within one year 9 (2,517) NET CURRENT ASSETS 10,844 TOTAL ASSETS LESS CURRENT LIABILITIES 36,506 NET ASSETS 36,506 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - 56,132 56,132 (1,019) 55,113 55,113 55,113 |
2022 Total funds £ 25,662 45 69,448 69,493 (3,536) 65,957 91,619 91,619 36,506 55,113 91,619 |
2021 Total funds £ 19,206 1,043 52,714 53,757 (1,986) 51,771 70,977 70,977 52,342 18,635 70,977 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.
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The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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West Marsh Development Trust Association
Ltd
Statement of Financial Position - continued 30 June 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 7 March 2023 and were signed on its behalf by:
Mr S W Webster - Trustee
The notes form part of these financial statements
Page 6
West Marsh Development Trust Association Ltd
for the Year Ended 30 June 2022
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective I January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost Fixtures and fittings - 10% on cost Computer equipment - 25% on cost
TAXATION
The charity is exempt from corporation tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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West Marsh Development Trust Association
Ltd
Notes to the Financial Statements - continued
| for the Year Ended 30 June 2022 2. OTHER TRADING ACTIVITIES 2022 £ Fundraising events 553 Sports Facilities 1,631 Room Hire 16,867 19,051 3. INVESTMENT INCOME 2022 £ Interest received 13 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 2022 £ Depreciation - owned assets 7,128 5. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the 30 June 2021. TRUSTEES' EXPENSES 2022 £ Trustees' expenses - 6. STAFF COSTS The average monthly number of employees during the year was as follows: 2022 Development Worker 1 Administrative Worker 1 Support Workers 4 6 No employees received emoluments in excess of £60,000. |
2021 £ 266 1,152 6,896 8,314 2021 £ 4 2021 £ 4,639 year ended 2021 £ 13,888 2021 1 1 4 6 |
|---|---|
continued...
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West Marsh Development Trust Association Ltd
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
| 7. | TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|---|
| Fixtures | ||||||
| Plant and | and | Computer | ||||
| machinery | fittings | equipment | Totals | |||
| £ | £ | £ | £ | |||
| COST | ||||||
| At 1 July 2021 | 2,203 | 39,917 | 4,542 | 46,662 | ||
| Additions | - | 12,244 | 1,340 | 13,584 | ||
| At 30 June 2022 | 2,203 | 52,161 | 5,882 | 60,246 | ||
| DEPRECIATION | ||||||
| At 1 July 2021 | 85 | 26,767 | 604 | 27,456 | ||
| Charge for year | 441 | 5,216 | 1,471 | 7,128 | ||
| At 30 June 2022 | 526 | 31,983 | 2,075 | 34,584 | ||
| NET BOOK VALUE | ||||||
| At 30 June 2022 | 1,677 | 20,178 | 3,807 | 25,662 | ||
| At 30 June 2021 | 2,118 | 13,150 | 3,938 | 19,206 | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| Other debtors | 2022 £ 45 |
2021 £ 1,000 |
||||
| Prepayments | - | 43 | ||||
| 45 | 1,043 | |||||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| Social security and other taxes | 2022 £ 1,019 |
2021 £ 1,046 |
||||
| Accrued expenses | 2,517 | 940 | ||||
| 3,536 | 1,986 | |||||
| 10. | MOVEMENT IN FUNDS | |||||
| Unrestricted funds | At 1.7.21 £ |
Net movement in funds £ |
At 30.6.22 £ |
|||
| General Fund | 52,342 | (15,836) | 36,506 | |||
| Restricted funds | ||||||
| Restricted Fund | 18,635 | 36,478 | 55,113 | |||
| TOTAL FUNDS | 70,977 | 20,642 | 91,619 |
continued...
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West Marsh Development Trust Association Ltd
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General Fund Restricted funds Restricted Fund TOTAL FUNDS |
Incoming resources £ 71,580 150,424 222,004 |
Resources Movement expended in funds £ £ (87,416) (15,836) (113,946) 36,478 (201,362) 20,642 |
|---|---|---|
Comparatives for movement in funds
| Unrestricted funds | At 1.7.20 £ |
Net movement At in funds 30.6.21 £ £ |
|---|---|---|
| General Fund | 45,256 | 7,086 52,342 |
| Restricted funds | ||
| Restricted Fund | 27,599 | (8,964) 18,635 |
| TOTAL FUNDS | 72,855 | (1,878) 70,977 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General Fund Restricted funds Restricted Fund TOTAL FUNDS |
Incoming resources £ 81,693 53,446 135,139 |
Resources Movement expended in funds £ £ (74,607) 7,086 (62,410) (8,964) (137,017) (1,878) |
|---|---|---|
continued...
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West Marsh Development Trust Association Ltd
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.7.20 | in funds | 30.6.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General Fund | 45,256 | (8,750) | 36,506 |
| Restricted funds | |||
| Restricted Fund | 27,599 | 27,514 | 55,113 |
| TOTAL FUNDS | 72,855 | 18,764 | 91,619 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General Fund Restricted funds Restricted Fund TOTAL FUNDS |
Incoming resources £ 153,273 203,870 357,143 |
Resources Movement expended in funds £ £ (162,023) (8,750) (176,356) 27,514 (338,379) 18,764 |
|---|---|---|
11. RELATED PARTY DISCLOSURES
The Charity had paid salary during the year to Mr Neil Barber, spouse of a Trustee.
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West Marsh Development Trust Association
Ltd
Detailed Statement of Financial Activities
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fundraising events Sports Facilities Room Hire Investment income Interest received Charitable activities Grants Other income Miscellaneous Income Coronavirus Business Support Grants Total incoming resources EXPENDITURE Charitable activities Trustees' expenses Wages Social security Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundries Training and tutor fees Cleaning costs Licences Computer support Accountancy Repairs renewals & maintenance Sports equipment & maintenance Legal and Professional Fees Food Larder Expenses Carried forward |
for the Year Ended 30 June 2022 | 2022 £ - 553 1,631 16,867 19,051 13 196,685 6,255 - 6,255 222,004 - 100,060 1,043 2,428 1,583 8,226 599 3,648 1,370 5,545 3,175 2,830 1,224 3,383 1,577 19,104 1,009 2,366 14,047 173,217 |
2021 £ 1,305 266 1,152 6,896 8,314 4 103,525 4,260 17,731 21,991 135,139 13,888 48,522 - 1,098 1,323 4,222 1,433 3,557 - 2,260 925 5,783 822 659 1,290 6,549 891 213 12,985 106,420 |
|---|---|---|---|
This page does not form part of the statutory financial statements
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West Marsh Development Trust Association
Ltd
Detailed Statement of Financial Activities for the Year Ended 30 June 2022
| Charitable activities Brought forward Staff Training Volunteer Expenses Admin Exp General staff expenses Admin Exp advertising expenses Event costs Bank Charges Depn of plant & machinery Depn of fixtures & fittings Depn of computer equipment Grants to individuals Total resources expended Net income/(expenditure) |
2022 £ 173,217 201 4,787 1,041 1,206 775 165 441 5,216 1,470 12,843 201,362 201,362 20,642 |
2021 £ 106,420 198 4,610 - - - - 85 3,950 604 21,150 137,017 137,017 (1,878) |
|---|---|---|
This page does not form part of the statutory financial statements
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