**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: 1. 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 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 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. - The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (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... Page 5 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... Page 7 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... Page 8 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... Page 9 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... Page 10 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. Page 11 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 Page 12 ## 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 Page 13