Regi5terod numb•r. 05585617 Charfty numb•r: 1113075 WEM TOWN HALL COMMUNrrY TRUST UNAUDrrED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 WR Partners Protecting your future.
WEM TOWN HALL COMMUNETY TRUST (A Company Llmlt•d by Gu•rants•l CONTENTS Rèf•rnnc• and Admlnlstratlv• D•lall• of th• Chrltabl• company. Its Tru$t••s and AdYl8•rs Chalrnian'¥ St•t•m•nt TrustM$' R•port Ind•p•nd•nt Examln•f Report Statem•nt ol Flnanclal Actlv5tl•• 5-14 15 16 Balanc• 8h•èt 17 Nots• to th• Fln*nclal Statsm•nts 18-27
WEM TOWN HALL COIAMUNITY TRUST IA Company Llmlt•d by Guarantsèl REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Mrè a YaLt¥. Mr J P BrOead lappcrfnted 14 January 2021) MrA Brown Mr J W Dinsdal8 Mrs R Oc¥Jd. Fom)alty represenllng Wem Town Councl (resned 14 Seplembgr 2020) Mr P R Jones Mrs E A Mayer Mrs M J Moakin (Mgned 12 January 20211 Mr R A Reev88 MrRDStok Company r•gl$t•r•d numb•r 05585617 Charbty r•gl¥t•r•<l numb•r 1113075 R•glst•r•d offl Wem Tn Ha High Street Wem Shropshir8 SY4 SDG Company u¢r•t•ry Mr R D Stokes M•nagom•nt and mlnl•tratlv• T•am R A Homer, Dlrect MTS S Zachargk. Assouale Director Mrs F Nye, Administrabve and Ffont of House Mrs E Jones, Programme arKI Marketing Assi5tsnl Imatemity leave March 2020- March 2021, resigned Marc* 20211 Mrs K Jeavons. Programm8 Markellng Agsistsnt Imatsrnity 18ovg cover. resigned September 20201 Mrs H G M¢)rgan. Programrne and MarketirMJ Assistant {appointed November 20201 Mr A Knight, WTH Proied Cwrdinalor {reslgne(l June 20201 Mrs A Williams, WTH Proiect Collordinator lappolntod October 20201 Accountants WR Partners Chartefed Accountants Belrnonl House Shrew5bury Business Park Shfewsbury Shfopshire SY2 6LG Bankers BarciayB 4446 Castle Strg•t Shrewsbury Shropshye SY1 2BU Page 1
WEM TOWN HALL COMMUNtrY TRUST {A Company Llmited by Guarante•l REFERENCE AND ADMINISTRATIVE DAlLs OF THE CHARITABLE COMPANY, trs TRUSTEES ANO ADVISERS ICONTINUEDI FOR THE YEAR ENDEO 31 MARCH 2021 Anthony Col1inÈ Solieltors LLP 134 Edmund Street Bim)ingham B3 2ES Page 2
Y¥ WEM TOINN HALL COMMUNI TRUST (A Company Umitèd by Guarantso) CHAIR OF TRUSTEES. STATEMENT FOR THE YEAR ENDED 31 MARCH 2021 The chair presents hor Slatoment for Ihe year. 202012021 has bBen a dfficurt ar the Charity through the various l¢xkdowns and COVID restricty'ons. It Started Ythti tho venue ck)sed antl all ll one of th8 Staff. Satah Zacharok, fiJrloughed due to the COVID-19 lockdown rules. Sarah workéd from home, monitored the buikling and (x)ntinued running the Wam into Work project MOt&. She also managed tho furkxjgh sch8me requirements, m8d8 application5 for the various govgrnmenl business support grants and organlwj PPE and Sla1 distsncing measures that would be required when wt were atJl& lo rH>pen. Cwd-19 govemment busin8ss support grants amounl8d to £34.593 for the financial year. Thanks go to Sarah for her dedicatsd worf( during this period having ¢0 work in 8n i5datsd potsltion whilst other Staff membors had no th)ice bul lo be ftjr1ohed due to ¢hihJcare commitments. The outdoor market initialty had to dose bul was allo to recomm&nce on the 4th of June and the Indoor market followed on the 2nd of Juty. S¢e ol ¢Jur ¥dunteers worked as stewards lo ensure safe sodal distancir18nd sanlb'slng and fac8 covering compllance otc. The Temaintjer ol the staff tèam retumed al the b8ginnNry ol August and w•Te gNon Iralning In venue CO19 wocedures and bos1 practice lo ensurè a safè venue for patrons. vol(tnt88rs and staff. During the lothdwn ty¥0 members ol staff, Adam Knight and Kats Jeavons (who had coverfng Emma Jones, malemity leave) left after being offered other jobs. Alson Williams was oppolnted as project coordinator of Wem Into Work loinlng al the beginning of Odober. Hannah Morgan started on Iolh November as a replacemènl for Kate Jgavons In the Programme and Marketing Assi8tanl role. and when Emma Jones deci¢Jed not to return in March. Hannah accept8d a pormanenl contract wSlh the Charity. Funding w45 achievgd for Pam King. thg Café Manager. to eoxdinat8 a wogkty Meal8 on Whe818 saee In the communlty. Pèm ¥thod othgr cafes in the ltyvn and the mèals worg do1iverg(I by Wem Town Hall volunteers. Through the autumn the vènuè had to run at a reducad caparyty lo meet S81 distancing regulatn8 resulting in both the Café and the ¢inoma numbers being ¢onsiderabty k)wer than in pro£ovid limos. Audience numbers and confidence were just beginning to rebuild whan the ¢ountry locked ¢Jown at the slart ol Novamb&r for anoth8r month. W• w•ro thon abl• to funetion for onty 4 brief Par until Chri$tmas after which thc ncxt major lockdown began. Although we have just over 60 vdunteers on our njster. we have had lo be carebjl as many ol thom wgra In tho 'Vulnerab" category so we have not been able to depw so many of them. In Septembèr Rosemary Dodd slgpped down from the Trust folk)w8d by Mandy Meakin In January. John 8roadhe8d became a tnjstee in mirManuary and Wom Town Counul nominated councillor Geoff Soul lo fill thoir seat prevb)u$ty filled by Rosemary Dodd. Our service Ve1 agreemonts **Ath Wem Town Council aNJ Shrop5hire Counal remained in place during thls yoar. Their financial support has been cruaal to survivlng thrwgh the year for which we are very graieful. Page 3
WEM TOWN HALL COMMUNITY TRUST (A Company um11 by Guarantse) CHAIR OF TRUSTEES. STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 In autumn, the managemènt team wt in a bid to the Arts Cwncil Culbjre Recovery Fund whlch w8$ su¢¢8ssful, and we received £83,165 which has kept the business viable through to tha end of the financial year. The tgom aro constanuy on thg lookoLrt for funding ¢¥Jportunities to SUPFX)rt community initi.atives as we look lo implgmenl a rwi lundraising strategy over the next tsvefve months. Mrs S Yats$ (Chair ol Tru8ts881 Date". 2*111/?I Page 4
WEPA TOWN HALL COMMUNiff TRUST (Acompany Umlted by Guarants•l TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Trustees present their annual report Ico8ther vllh the finanual Statements of the Charitable Company for the Deriod 1 April 2020 to 31 March ?n?1 Thp. Tni<t## rAAfirrn tha tho R•wrt *nd finarbCi21 stat•mènte of the Charitsble Company comply with the ujrrent stsiulw requiiements. thg r8quirem&nts of thg charttab companls govèming document and the provishins of Stsl8ment of Recommended Practice ISORPI, applicable lo charities preparing their accounls in accordance the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (update effecb.ve 1 January 20191. Tho oryani5ation is a Charflable Company limited by guarantee. incorKM)f8led on 6th October 2¢J05 lamende(I by special resolution on 10th December 2007) and registered as a Charity on 24th F8bnJary 2006. The company was established und8r 8 Memoranijum which establishes t objects and powefs of the Charitable company, and il is gov8m8d under tts Articles of Association. The trust adopted a new sel of Artides of Association more suitablo lor its current operation whith were fomialty adopted on 19th March 2015 and have been registered wth Companies Housa and The charits Commission Register. On 271h November 2019. a special roSotiOn wth amendmtrnts lo the artides of associab'on was passed and adoplgd. This was regislerod with Companies House and Th8 Charities Commlssion. In the event of the company bn9 wound up members are r¥u1d lo conlribule an amount not exceèding £10. Since the Company qualthos as small under secllon 383. the stratggic report qUired of m8diLtm and large companies under Tho Compaft Act 2006 Istralegic Report and Directorfs RgPOrtI Rogulalions 2013 18 not rèquifgd. Since the Charitable GnpanY qualifies a5 small ur¥Jw seCn 382 of tho Comp8nle8 Act 2006, the Str8teglc Report required of medium and large e4)mpanigs undw tho Companies Act 21JJ6 Islralegic Rewt and Dlrgotors, Report) Regulations 2013 been omitted. Page 5
WEM TOWN HALL COMMUNiff TRUST (A Company Limtted by Guarantse) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Oblectlv•s ind activltl•s . Poll¢lo8 and •¢lIV•S The Charivs purposes as set in objects contaird in the Compan¥s Artides of Associatson are to.. provlde facblilies for the benefit of the inhabitsnls of Ihe t(yA of Wem and the surrounding area In relati¢Jn lo111 tho advancement of the educalion of the public in the arts (ill th8 lvan¢8menl of education and training generally and liiil rreatiOn or other leisure time 0Pati1)n in the inler8st of social w8tlare with the objèct of Improving the condition5 of life the public at lary. To delNer on purp05e$ and aims WTHCT f8¢11itato$ SOfAal enterprise, community empowerment and communty cohe5n through an accessible. user-friendly, and high4Jualsty venu and programme. ¢)Jr main areas ol actiwty cornprise ol an inclusive arts pro9ramme which Sndudes music, theatre. dance, clnema. exhibitions, antl workshops and hiring out our PmISeS and s8rvi¢es for mgetings, fiJndr8lsing evenirs, 8xefCiSg classe5 and celobralions, amongsl other r8creation and 18isure activities. Sinco 2014 Wem Town Hall has delNered an Into Work programme for local peop offering help and advice In 98ining empklyment 8nd further training. Thg success of the programmo haslgd lo il becoming a lanJer area of 8Ctiwty for the Charity. In setting oblectlves and plannlng for 8clivilw¥. ilie Iruslees have given duo con¥id?ration to 98ner81 gutdonco published by the Charity Commisslon rglatsng to putAic b&nefit and specifically to its suppltrmenlary public ben8fil guldance. How our aclivilles ddNer public benefft.. . Through 8 p8rtn8r8hlp programmo of ts d8vek)pment Wém Ttrwn Hol gnhanc*s the crethg capaclty of the wlder wmmunity by presents'ng a broad rnnge of arts events for gnioyTrenl 8nd 8duc8tlon and Providing opportunili8s lo celebrate and Promle bcal distitiVeneS$. . We provide facilrties that no olher venue can offer for the inhabitants of Wem and the surrounding aroas. We have a eh8ffJing poltcy which indudes a communty and 8enAce to communty discounlgd him rn18 lo makg sure our facillfjes are affordablè lo the public. . The broad orrer of leisu aetiviti8s, many with dis¢ounted rates promotes groater Indu8lon, Improvlng tho lifo of tho inhabitants of Wom and the surTthJnding areas. • Providing support Into employnénl. the Into Work project ben8fi1s rgsidents and the I1 OrnOmY promoting greater tLJmmunlty resllence and Well-Il¥J. Page 6
WEM TOWN HALL commuNy TRUST {A Company Llmlted by Guarantw) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 ObJ•¢tlv•$ and a¢tlvltles Icontlnuod} b. Volunteern Wem Town Hall currgnlty has a team of 65 volunleers. Thoy ar& InvVed in all ar8as of the Charitys dglivery and wilhoul ih9ir lime and de(licatn Wem Town Hall woukl Th)t be the vgnug it is today. Throughout the 2020121 nan¢ial year although Ihe venue was ck)sed lo the public for 8 months of tho year. the Charity contsnued lo bo sirongly supported by the voKJnleer team who a PNolal fol8 in stewarding Ihe venue so we could offor a welcoming covid secure venue when we did w. Volunteers re also instrumental in Supporting a new meals on wheefs service delivery project supporbng hhlY vulngrabSe Peop during the pandemic. During venue operallonal months the venuè 1$ supported by mor8 than 132 hours volunleoring per week. In pure monotary tem)s the value ol volunloer support is more than £65,000 per ar. Wo have an effeclive induclion handbook for volunteers seiting out Ouf polieies and pdUres. so they understand the important port they play in the success ol the venue. We hold volunteer sodal events Mce a year al which Ihe trust formally thanks volunteers for their support. The functions also help volunteers lo meèt eath other and generally onjoy their èxperience8 more vA)i¢h ¢))nlribLrtes lo our hwh level of volunteer retenlh)n. In 2020121 due lo gov8mment reslrictitsns, we wère unablè lo host social events, instgad maintaining regular contsct via email and othèr rèmola mèthods. Many volunteers reported incrgos•d anxi•ty r•suliing from th• p8nd&mic and th• Charity was vèry mindful of that In preparation for reaOP8nlng wth a considered risk assessment and formulatson of robust covid-8¢¢uro kxocedures that woul¢J protect volunleeTS. patrons. and staff membèrs. Sonw volLsnle&rs who had beon askèd to shield during the first lo¢kiJown continued lo do so after restridion$ lifted in $ummor 2020 and $0 the number of OGtive volunlegrn a0$5 th8 year totslled 51. A¢hl•v•m•nts •nd p•rf0rnn . R•vSow of actfvltl•s In Marth 2020, tho county was hil by the gbJbal Coronavirus pandemic, the repercussions of which were fell throughout the 20121 financial year. The Chanty took the de¢isMY lo do$8 the vonuo to the public on March 20th 2020 vthlch was followe(I by Govemment mandate to dose all retsil and leisure on 23rd March 2020. Irsilially the In¢Joor and outdoor market was also asked to dosg even for those selling essential goods. The outdoor market re-opened in June 2020 fdh)wod by the indoor market in July 2020. programme and Venue Hires 0rated In S&ptomr, October and December tho venuè once again being foed to cease operatKn in November and JanuaMarch 2021 as part of National Covi&19 Locdowns. In August. U)e Charity appliod to tha government funded Arts Counci5 Culture Reo)very Fund and were $ucussful in gaining £83.165 for October 20 lo March 21 and which contributed towards we CSts, buying social distanang equipment, reflaling re5erve$ 8nd business development inpth. The Chartty applbeil to the second round ol the fund to support core costs b8fvM8n April and June 2021 and were again SLtrccesslul. This l¥Jnding was Vital lo the ChariW$ ongoing viability, Bnd without it and the prospect of the funding from hwl-June the Chafity Tru$tO9s may have bgen forced to consider the windirvd down of the Charity. Pag8 7
WEM TOWN HALL COMMUNrrY TRUST". (A Company Umltod by Guarnnt••) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 hlevements and wrfornwnco {ntInu1 Arts Programm• The Wem Town Hall arts prograrnme seeks to 8stablish a broad progiamme of high-quality arts activii18s and èvents Ilheatre, muslc, dance, film. satellite broadcasts. visual arts and crafts exhibitions. etc.) for the benefit of local peop and vis1t0 lo the afea. Due to the pandemic re5trictK)ns only 42 arts event5 were abb lo lake place compared to 247 events in the 201912020 financial year. The arts events that di¢J lake place consisted of films and recordgd theatri1 contont only, as INe music, theatre and dance was prohibited urthr the govemm8nt restrictions. Drfferenl event approaches were trialled leading lo thè capauty of tha main performanc8 space reducing to jug1 forty percent lo m881 the 2m8lre plus sooal dislancing requirgmont$ and mainlainlng 8 welcoming environment lor patrons. The Charity was successful in apng lo the Film Hub Wesl Midlands Film Exhibiti¢)n Fund lor g season of films that contained core themes ol slrength and resilience. Unfortunately. planned shwngs fell into lockd¢)wn periods. but funding has btsn lo cary over to the 21122 financial yeaf when re$triction$ org eas8d, and the venue allowed lo re4Jp8n. Th8 ver8alile gallery Space was fOpOPOngd as a café gall8ry with a solling oxhibition showcasing k>¢al al"$ts. Hlr•• Dug to tho cbsure of the venue in March 2020. an room hirts werè can¢ell8d with immediate effect. A reduced number of regular rwm hirers reMe in September working lo social distancAng restrictions and wè were able lo aMMOdate most of tho a¢tiviti¢$ in the main hall. our largest sp. $0 that 80¢ial distancing could be m8naged with enough participanis lo rnake Ihe activiiiès financially viable. Other regular hir8rs contlnued to work remolely with Ihtrir offer or made th8 deusion to pause their activity. In total 38 hir•s took placo in comparison with 600 hires the previ¢)us year. Not only the r¥stn'dions impaci the interest and ability io hire the venue, bul the ones ihot Uld toko place. Id onty happen in September. October & Dècember due lo requlred c108ure periods. W•m Into Work ProJ•ct The Chadty has been delrvering the Wem Into Work projecl slnce 2014. Through the project we providg bospoko one to one supKx)rt lo lob seekers lo suppty them with the skllls and help Ihey need lo find employment. Working wllh the partieipants. the key addresses the barriors to findirMJ empbymenl thal the dients are experiencing. Most often support n6•ded consists of help with CV wnts'rrfJ. job hunknThJ support. confidence building, interview skills praclice & techniques and general & bespoke training. In January 2017. the Chadty began delivering the Into Work Project as part of Building Better Opportunities Shropshire. The fun¢Jing supports prolgcts in England that tsekle poverty and promote so¢ial inclusion. It is fundeil by th& Europgan sla1 Fund and the National Loltery Community Fund and hos been exiended lo March 2023 Ipreviously ended June 191. The trustees see thls project as a very valuable of conlributing its skills to the local economy and helping achieve the ChallVs aims ol advancing training and educab'on for the inhabitants of Wem. Throlsghoul 202012021, induding durirg lockdowns, the semce has continued lo be offered in a remote setting with phone and z¢x)m meetings with both participants and other p8rtners tskirrfJ pl8ce. Our key %wrkeT, Adam Knight resKJned In June 2020, and he replaced by Aison Williams in October 2020. Page 8
WEM TOWN HALL COMMUNITY TRUST (A Company Umlted by Guarnnt89) TRUSTEES. REPORT ICONnNUEDI FOR THE YEAR E14DED 31 MARCH 2021 A¢hl•v•ments and p•rf0m1an l¢¢Jntlnuedl IN2 ProJ•¢t Building on our Into Work programme tho Charity became a delivery parlnef of tha IN2 NEETS programma that tsrgeled working with )Ung [pIe aged 1& 19 al risk of t)ecoming not in oducab"on, empbyrnenl or training and was iointly funded through Sodal European FundirBJ and Department for Education. From De¢amb8T 19 10 March 20, we worked a cohort from Thomas Adams School delivèring a tsrgeled pTogramm8 coverlng fjmployability. opportunities and lrfe and ¢fidenc* building skills so Ihat they may a¢higve their alms and ambitions through education and eMoYMent whith was very suc£esyful. We had hoped lo reciprocate with second ort from Thomas knms and devok)ped an action plan lo be ab lo deliver remotely considering covid restrictions bul uAimatety it was not a workabl8 situation for the school who had lo priorilise recovering lost le8ming with pupils from school closures in Nabonal Lockdowns. We wgrg able lo work separately with two Individuals, in person and remotsty which resulted in bolh gaining employment belore our project delivery ended In Decemljer 2020. Wh•r• Everyon• Matt•rn ProJ•et In De¢ember 2019 we were successful in appn9 to th& Natknal Lottery Communty Fund for a three-year communlty project focusing on loneliness and people Imng ¥th Dementia. The projecl had bfjen due lo commenee in March 20 but due lo the o)vid 19 pandemic and the project beneficiaries Ing somo of the most vulnerable in our communtty made 8 request to the fvnders to pausè delivery and resume when restrictions were eased, which was accepled. On8 of the key themgs of the project was to promote inclusion and connecbvity and we did not leo1 thi$ could bg achieved through remoto delivery. We plan lo resume the prolacl mid 2021 dep&nding on the en9 ol Cld restriclions. M•ali èn Wh••l• ProJ•ct During th8 first l¢xkdown in 2020 8 I1 need was idèntrfwd to supply a meal serviee to support those most vulngr8tAe in thè community who eItr due to heallh or tuation no8ded support in providing meals for themselves. In October 2020. the Charity was given a small amount of seed funding lo trial a meals on whèels activity which would supply hot mgals on Mondays and Frida at a reasonable $1 to those in ne8d wthin the local community. The project utilised thg serwces of café busingsse$ in Wem as well as Wem Town Hall's own catering facility to supply the meals on a monthty rota wth WTH admin¢siering the project. The prolgct has bgen hugely successful and additional funding i8 being sought to wnbnue the project into 202112022. Page 9
WEM TOWP4 HALL COMMUNITY TRUST (A C¢mpany Llmlted by Guarant•o) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Flnancial revl•w a. Golng nC•rn After maklng 8pproprialg arulneS. the Truslo85 have a reasonal)la oxpectstion that Ihe Charitable company ha5 adequate resoLbrces lo ¢ontinue in operatkyI existence lor the foresee8bh fvture. For this reason. they conlirtue to adopt the going concem basis in preparing the financial 5ts18monts. b. R•s•rv•$ pollcy The Trustees hove consldere(l Charivs r8qulrem8nl lor reserves In Ight of the main risks to the organS881ion. The lease of Wem T¢)wn Hall is a fvll repalrlng lease and due lo the high fooffall Increaslng amounts of fundlng will be requifed to maintain the hvJh standard of tho building and facilities. In addition. a level of reseNes is required to cover emorgency siluations that may arise from time lo tsm8. The TN$tees and T88m havg worked Iifelessly lo a¢hiev8 a Ièv810l reserves sel out in 2014 but now that has been reached the domands on I building and facilities are ever greater whilst activity increases. and il is now nsidered that a minimum level of £100.OCQ reserve$ Is necessary. The Trustees recognise Ihal in4n9 costs make il more difficult lo g&nefate surplus funds towards thi$ target. However. the aim f))ntrnues to be to rea¢h the require(S levèl wlthin thg medium tem. Free reseTVgS 31 March 2021 worè £74,41512020 £29.986}. c. Prfn¢lpal fundSng Most of the Charitys Income Is usualty •amed from the provlslon of facilitiès and S8CeS but in the 20121 finandal year the primary sourc was grant fijnding. ServKe Level agream8nt irthme Irom Wam Town Councll and Shropshire Counril has boon and continuas lo be ptvotsl in domon5tratiro bcal 8UPPOrt for Charfty and gaining investment from Trusts and Fourtht¥)ns. d. Rl•k man•g•m•nl The Charity ¢rustges havè given consKlgration to the major risks lo whlch the charity 18 exposed and satisfied themsefves that systems or (tedre8 are established in ordw to manage tIM)sg risks. Page 10
WEM TOWN HALL COMMUNtrY TRUST (A Company Llmlted by Guarantoe) TRUSTEES. REPORT ICONnNUEDI FOR THE YEAR ENDED 31 MARCH 2021 e. Flnanclal r•vl•w Despite the (ievastsling impact of the Covid 19 paNJemic on the Ch8riVs d8y-tcKl8y business. the trading position for the yoar ended 31 March 2021 has rosulted in a surplus of £44.429. In thg early part of the year the Charity was able lo mak6 uso of the Gov8mmenl Job Retenlion sch8me which was vital to the Charitys ability lo survive. Slaff rgm8ingd 0mpknyd whic vKyJkl not have tn pwitjle without the scheme. Intt)me came from service level agraomenls honour8d by our partnef5 despits closures Iwem Town Council £22.000, Shropshire Council £14,000), Cowd 19 business support grants and Covid-19 Job Retention Scheme granls1£54.3391. Other grants totalled £33,013 and the Govemmenl and Arts Council funded Cultural Recovery Fund Gfanl1£83,165I. The fund was htghty competitive. and th& Charity was delighled to secure £83,165 for the period ol Oclobttr 20 to March 21. Renalion of reserves was a key element of the application proposal which created a surplus at the end of the finanryal year as well as fvnding towards core costs, sctial distancing tquipmenl and busbng$s devekjpment supwt specfficalty looking al cre8tino a fundralslng strategy for the Ch8rfty. Tot81 exp8r¥Jilure has reducd by £60.492 ethipaT9d ilh the 2019120 accounts {£175.916 total 8xpgndilure In 201211. Thi3 1$ •# •Xp•¢t ¢91dn9 ekjht months Glosure and thor•foro reduGtd programrno expgndiluf?, marketing and admlnistrats"¢)n cost$. The Trusteos note that throughout the year savings had been made where possible thanks lo prudent finanoal management but there was sb"Il a minlmum amount of cole costs lo be met specially in lemis of malntenance requirements which not be reduced throu9h venue ck)suro. Structur•. gOV•m•n *nd m•n•g•m•nt a. Con8tltutlon Wem Town Hall Communlty Trust is a wsltred charitab Cornpany. limited by guarants8 and wa$ $8t up by 8 Trust deed. The company Is constituted undér a TnL8t dggd arwj 18 o regtstered chorlty numbgr 1113075 Page 11
WEM TOWN HALL COMMUNITY TRUST (Acompany Llmltsd by Guarantso) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Structurn, gov•rnan¢¢ and manag•m•nt Icontlnuod) b. Oryanlstlon•l Structur• and DKlslon Maklng Wèm Town Hall Community Trust has a Management Committeg of up lo members who meet quarterly and a responsible for thg Strategic direction and policy of thg Charity. Al pre5onl thè committee h8s ton members from a variety of professional backgrourKls relevant to the work of the Charity. A schame of ¢Jelegalion Is in place and day to day rg¥#)nsibility for the provision of the seNices rest with the Dirèctor of Wem Town H811. Four Trustees fom) a Financ and Personnel Committee that meets not 18SS than four times a year and 1$ responsib18 for presenting a draft l)udgel to the Managemenl Committee for the lollowing financial y88r no later than tho 31st of Decgmb8r. Two Trustees together with th8 WTH Difoclor and WTH Associate Dir&¢lor form tho HoLrs& Committee which meets not less then three tiffles ar to monitor and respond lo the ongoing building management. One membw of tho Finance and Person1 Commrttee meets th8 Director monthly to as$8ss progress and efisure good practiC8ldelivary. The Dirèetor of Wem Town H811 is responsiblè for 8nsurlng th81 the charity delivers the Servi Spgcrfiod and that key perfonnanc8 Indicators are mat. The Director ensures that the small staff team continues to d¢v¢knp th•ir ski115 and workrng practice8 in lin• ¥th good practicè. The AsJo¢iate Director 1$ particjjlarty responsible for the effectiv6 finance opwations. The Weffl into Work projèct wrdinator (part ol the Building Better Opportunities Programmel works solety on the proiact and moved to a full lime15 day a week contract In January 2021. The Administratn & Front of HcrtJs8 co{11n81 Is responsible for ctsordifialing the volunteer team as well as admirbistering Toom hires, gallery coordination and display cabinets. The Progiamfne and Marketing Assistant is a duty managor and coordinales the marketing and publicity for the venue as well as assisting tho Director In pfogramming responsibditses. Al varlous times In 2020121. due to govemmfjnt fesirictions. members of the staff team apart from the Associale Direclor were placed on Furklugh. the govemmenl job retention h¢M6. Poliaes and pledureS suth as health 8nd safety. 8qual opp)rtunities, safeguardlng, volunleerfng arKI grievances arn thed(ed annualty and updalgd vthgre necessary. c. S•rlou• In¢ld•nts There have been no cases of serlous Incklents that hav8 risked or resLtlled In slgnlficanl loss of the Charfty's money or assets, damagg lo thg Charitys prop8ty or harm to the Charity's work. bengfi¢iarig$ or roputstson. d. Gov•¥nlng Do¢um•nt The organisalion is a ¢hariiablè company h'mited by guarantee,. incijrporaled on 6th October 2(105 (amended by Speryal resolution on 101h December 20071 and registered 89 a charity on 24th February 2006. The company was 8stablished under a Memorandum whlch establishes the otyects and powers of the charitable company, 8nd It is govemed under Éts Arlic$ of Associat. Tha Trusl adopted a new sel of Al"(4e$ of Associabon morg suitabl8 for its current operat whKti were lofmally a(lopled on 19 Mafd) 2015 and have been registered with Companies House and The Charibes CommiSsn Register. The Artides ol AssociatKJn were fvrther amended by Spe¢i81 Resolution on 27 Novemb8r 2019 to fully reflect thè CUAl slruciure and activth'es of the Trust. Appropriate copies have been fid Companies Hse arKI The Charity Commi55ion. In the event of the company being *ryJrKI up membws are required to ¢¢)ntribute an amount not exceeding £10. •. Relat Partlgs None of our tTUStees wthv8 rgrnuneration or benefft for Iheir willi Ilie diarily. Awiy cY)iIiieci[l bel%YeeT) 8 trustee or senior staff member of the charity Trmih a contracled partnor must disdosad to full board of trustees. Page 12
WEM TOWN HALL COMMUNITY TRUST (A C)mpany Llmlt•d by Guarantse) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 structure. gov•maTrce and m•n•g•ment l¢ontlnuod) l. Methods of appolntmont or èl•ctlon of Tn¢•t••J Thg directOTS of thg company as registered at compani9$ houso are also chanty trustees for the purposas of ¢harity law. Under thg requirements of the Memorandum and AJtic185 of Association thg directors of thè charity are elected to serve for a period of years after which they must be relected at the next Annual General Meeting. Th8 directors may appoint a person who is wlling lo act lo bè a director at any point in the year. Th8 rnaximum nufflber of directors is iwelve and may not be less than six. All directors give their ts'me voluntarily and recelved no benefits from Ihe charity. . Poll¢1 •doptsd for th• Inductlon and trnlnlng of Trust• Most Tru8t8es are already famillar wlth tho practi1 of th8 charlty h8n9 b88n èncouraged to attend or volun18er at public events. Ngw Twslggs arg invilgd and orra98d lo attend a serias of short training sesslons lo familiarise themsefve$ wlh the Charity and thg ntext thIn whlch rt ¢)peral89. Th8$0 are jo¢rty lèd by thè Chair of the board and the Oir8Ctcw of Wem Town Hall and cover.. Th8 obligations ol Tru$tQOS. . The main documents whKh 3el out th8 operaticffial framewth for the charity In¢ding thè Memorandum and Articles of Assoualion. . Resourdng and the current finanaal 88 Set tyjt In the lat9 published accounts. Pl•ns for luture p•rlod• Futur• O•v•lopfflfrnts The Charlty expects further dlsluthnce lo Fts oper8kn in thg 2021122 finandal y8ar 85 covid 19 continuos to aff9¢1 restrictions under which the charity can opgralg. In the n8Xt months the Charity plans to.. R>pen the building with Sociol distsnung guidelims in place delivedng wlal proAects and 88Nlces such as Wom into Wovk and the Wh8re Ever>one Matters Pr48ct. Re4valuate the WTH Business Han Undertake a o)mmunity consullabon to ga39 Irrent and fuiure pritieS of ihg Ioc81 community to b8 fed into the Charitys fijture woi8cts aThJ service delivery plans. Undertake a review of artislic Fdiey with key partners and benefiaaries S¢allY prtorftl$ing the Charltys comm4tmenl to build on and doveb)p more crealive opportunities for young people. Conlin¥Je lo be a m8mber of and PToa(vety SUPFtht the wcrfk of tho Culiurg Consortium Shropshire. Implement the first steps oflhe fundraislng str8togy Wbth the uealion of a Philanthropy board. Secure funding lo continue delivery of the meals on project. Page13
WEAI TOYIN HALL COMMUNITY TRUST IA Company Llmlted by Guarnntsel TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 statoment of Trust••$' r•$ponslbllSd•s Tha Trustees (who are also the directors of the charitab company for the purposes of company lawl are responsible for prgparing the Trustees. Report and th8 finanu81 statsmènts in accordance with appllcable law and United Kid0M AcLounting Standards (Unilod Kbngdom Gonerally A¢wled Accounting Pra¢licl. Company law r8quirg8 Ihe Trustees to wepare finandd ststements for each finand81 yoar. Undor comp8ny law. the Truste9$ musl nol akVOVe the finanaal statements unless they are satisfied that they give a true and fair view of thè state of affairs of th& Charitable company and of its incoming resources and application of resources. Including ils incom8 and expenditure. for that periTrJ. In prtparFng these finonual 5talemenl$, If Trustees are required lo: select sullabl8 accounting Follcies and then appty them con$l$tenlJy. observe the m¥thods and prinuples of the Charities SORP IFRS 1021; make judgments and a¢Ints"n9 estimates that aro reasonablg and PTudgnl'. stat8 whethar applicabte UK Accounting Stsndards IFRS 1021 have been folbwed, subhect to any m819ri01 ¢J8partures dI10$8d and expl3ine<l in the financial slatamgnts: prepare the financial statements on Iho gdr¥a con¢wn unw It 1$ Inapproprfjato to prasum& thai the Charllable company will Continue in business. The Trustees are responsib18 for keeping adequate aCntIr records that are Sufficient lo Show and expl8ln th8 Charitable companls transactions and disck)8e reasonab acc(bfaw 8t any time the financi81 posltion of the Charitable company and ènable them lo ensure Ihat the finan¢ial stalom&nis comply thg Companies Act 2006. They arg also responsible fof safeguarding th8 assets ol the Charitablg company her for taking reasonabl8 steps for pr•v8ntion and delecthin of traud 8nd other IrregularitS. Apwov•d by ordgr of thg mmbor8 of thè board of Tntstees and 8KJn8d on th8ir bohaff by. ex Mr• S Yat•• Chalr of Trusteos 08to'. 2+ 11 zi Page 14
WEM TOWN HALL COMMUNrrY TRUST {ACompany Llml¢•d by Guarant•e) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021 Independent Examinerfs Report to the Trustees of Wem Hall Communlty Trust Ctht Chrlt4bl• ¢•mpnl I report lo the Charity Trustees on my ex8min8tion of the 8nIS of the Charitabl& company for the year ended 31 March 2021. R•sponslbllltl•* •nd Bas1• of R•port As Ihg Trustees of th8 Charilable cornpany {and its difactrys for the purposos of company lawl you are responsible for the preparabon of the Onts in accor(lance th8 requlrements of Ihe Componies Act 2006 I'the 2006 ACVI. Having satssfi8d mys811 that the •cc¢yJnts of th8 Charitablo cMipany #re not required to b8 audil8d under Part 16 of the 2006 Act and art oligible for indopendenl gxaminab"on. I report in respèct of my examination of Ihe Charitable companvs 8ccounts carried oul under sfjdion 145 of the Charities Act 2011 l'lhg 2011 ACVI. In carrying out my examination I have followed the DirKtiMs given by the Charity Commis%on under sedion 14515llb} of the 2011 Acl. Ind•p•nd•nt Ex•mln•rf• Slat•m•nt I h8vè Completed my examination. I confimi that no matters have come to my attèntion In connecb'on wlh the examlnalion giving mè cause lo b81ieve'. accounting r•cords wor¥ not kgpt in respect of the Charitable company 08 required by section 386 of the 2006 Act- or th8 accounts do not 8cccrfd with those rocor¢ls; or tho accounts do nol comply with the accounting requlrgments of secbon 396 of thg 2006 Act othér than any requirement that the acVnI$ give a Inje and fai¢ whith is not a matter considered os part of an independent examination: or the accounts have not been prepare(I In accorfara thè metmds and principles of the St8tomgnt of Recommended Practice for accounting and report4ng by Chartllas lapplublg to ¢harftig5 prgparing Ihoir accounts In accordance thg Finanaal Rawting Slandard aPpIable in Ihe UK and Republic of Ireland IFRS 10211. I havo no rmc8m$ And havfi mmft arro&8 nn othftr mHttars in (x)nnfirt wth Ihft èx8minatK)n to whlch attention should be drawn in thi5 rep)rt in order lo enable a proper understanding of the accounts to be reached. This Trport is made solety to thg Chaiitable companws Trustees. as a body. in accordance th Part 4 of the Chariti'es IAc¢ounts and Reports) Regulabons 2008. My Vrk has been undertaken 30 that I fflht slate to the Chantable companls Trustees those fnaltets l am required lo Slate to them in an Independent Examlnorfs report and for no other purpose. To the fullest extent by law. l (lo not 8ccept or assume responsibility lo anyonè othgr than thg Charitsblg company and the Charitabbe companys Trustees as a body, for my work or for this report. sned. T Lunt Dated.. IYw12r2021 BA FCCA MIRPM WR partrS Chartered Accountants Bolmont House Shrewsbury Business Pafk Shrewsbury SY2 6LG Page 15
WEM TOWN HALL COMMUNrrY TRUST (A Company Llmlted by Guarantse) STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUN FOR THE YEAR ENDED 31 IAARCH 2021 Total funds 2021 Toh71 fvnds 2020 funds 2021 Income from: Donations and legadgs Charitabl8 activities 207.651 12.694 207,051 12,694 94,866 122,446 Total Incom• 220.345 220.345 217.312 EXndItUrn on: Charitablè actsviti88 175,916 175,916 236.408 Total •xp•ndlrO 175,916 175,916 236.408 N•t mov•m•nt In fvnd• 44,429 44,429 (19,096) R•conclllatSon of funds.. Total lunds broughl foThvar Nel movemenl in lunds 29,986 44.429 29,986 44,429 49.082 (19,096J Tot•1 fund• c•rrl•d fonv*rd 74,415 74,415 29.986 Th8 Ststem8nl of Financi81 Athluos SndLwJg5 all galns and losses rec&yJnlsod In the year. The I$ on pages 18 to 27 fomi part of these finarKaal statements. Pa9e 16
WEM TOWN HALL COMMUNtrY TRUST {A Company Llmtt•d by Guarantee} REGISTERED NUMBER: 05585617 BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Flx•d av4•ts Inve$tsn8nts 10 Current a$•ets Stocks Dobtors C8sh al bank and In ho1 1,810 19,065 43,940 12 14.726 107.905 123,473 64,815 Crgdltors.. amounts falling vAthin on8 year 13 149,059) (34.830) N•t curr•nt ass•t• 74,414 29,985 Total l•* ¢urr•nt IlabllRh• 74A15 29,986 Total not 74,415 29,986 Charlty lund• R8slrfcted funds Unrestrlct9d funds 14 14 74,415 29.986 Total lunds 74A15 29,986 The Charitable companywas gntitlgd to exemption from audit under section 477 of the Companies Act 2006. The members have nol required the company to obtain an 8LKIIt for the ypar In questlon in ac£ordance wlih section 476 of Companies Act 2006. Tha Trusioes acknowledge Ihoir re$F$111ll0s for COmpj wilh the requiremgnts of th8 Act with respect to accounting records and preparation of financial sLements. The finanrjal stslements have bgon pwared ir¢ accordarth the proviwons aPIcable to entiiies subject lo the small o)mpanies regime. The finanaal ststements wgrg approved and authortsed for issue by thg Twstees and signed on thèir behalf W. Mrs S Yales {Chair of Trustees) The Th)tos on pagos 18 to 27 form part of Ihese fin3la1 slat8m8nts. Pagtr 17
WEM TOWN HALL COMMUNI TRUST (A Company Llmitod by Guarantee) NOTES TO THE F114ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 General inforniatlon The organisation is a Charitabte Company mited by guarantee, incorpornted on 6th OclobeT 2005 (amended by sp8ci81 resolul¥)n on 101h Decèmber 27) and registered as a Charity on 24th February 2006. Thg Company was estsblished urKFer a Memorandum which establishes the objo¢15 and powers of the Charitable Company, and il is goveme(l under rts Arty"cles of Association. The trust adoplad a now sel of Articles of Association morg suilable for its cuThent owratw)n which rfj forn)ally adopted on 19th March 2015 and have been registered with CoMpanS House and The Charitie5 Commission Regislgr. In the event of the company being wound up rnembers are required lo contribute an amount not exceedSry £10. The Charitys purposes as s8t out In th& objgcts ¢ontaln8d in thg rnrnpanS Artide$ of Association are lo.. provide laulities for the benefit ol the inhobitanis of thg town of Wem and the surrounding area In relalSon to 111 the advancement of the education of the public in the arts lill the advancement of edUtIOn and training generally and liiil recreation or other knsure time occupation in th8 intsrg$1 of s101 wgvare th the ofy'ect ol improving condilions of life for the public at lanJ8. ¢ounllng pollcl• 2.1 B•#l of pr•p•rallon olfimnclal •tat•m•nts The financial stalèmenls have been prepared in acc4Jrd8rice with the CharfUe3 SORP IFRS 1021- A¢¢ounting and RepOlng by Charilies.. Ststemenl of Recommendèd Practice applicable to charlil8s preparing thgir accounts in ¥c¢Ndance Finawal Reporting Standard ap1¢ab in the UK and Republic ol Ireland IFRS 1021 lupxdale effeclive 1 January 20191, lh8 Financial Reporting Standafd opplicoblg In the UK Republlc of IreL9nd {FRS 1021 and the Companles Act 2006. Wem Town Hall Community TNst m•ets th8 definithjn of a public boneffl gnlity undgr FRS 102. Assots and liabilities are Initialty recopnised al his1¢81 cost or lrnnsactNJn valu8 unla5$ 0thgn¥i$o ststed in the relevanl a(unn9 policy. 22 Golng con¢•rn After making enquires, the Trustees have a reasonable expectation that the Charity has adequate resources lo continue in operab'onal exisience for the foreseeable future. The Charity thergfore conUnug$ to adopt th& goiNJ ¢>)ncom b$ in Fxeparing it8 financial statements. The Tnjsl3 have 81s0 8ssessed the potential impact on the fubjre operations of the Charity wth regard to the Cowd-19 oulbfeak. The Ch8rrty is consi(Jerod lo be wo11 posit)ned given the current environment th no impact on the goir*J concem baS of tho finanual statomants. Page 18
WEM TOWN HALL COMMUNITY TRUST {A Company Llmtted by Guarant•e) MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollckn (contlnued} 2.3 Incom• AJI ineomtr 1$ r¢cogni$¢d once the Charitable tMpanY has en'tment lo the Income, It18 probablg that th8 income will be receNed aTrJ the amcwnl of receivab can b6 measured rellably. Grants are included in the Ststemenl ol Financial ActNib"8s on a receivable basis. The balance of income receNed for specffic purposes lyjt not 8xp8nded during the p8riod is shown In the r8lev8nl funds on the 8alanc4 Shoot. Where income is received in advance ol entitlement ol receipt, ils recognition is deferred and induded in creditors a8 deferred wthme. whe entitlement occurs before incomè is received, the incomè Is acuued. Donated sgrvices or facililie$ are r9c4)gnised vth•n thè eompany has control ovar thè ittm. any condth'ons aSsocted Ithth the donated itgm have been mel. the receipt of èconomic benefit from the use of the comp8ny of the rtem is proba8 and that economic benafit Can bg moasurod r&liably. In acrdanCe wlth the Charities SORP IFRS 1021, 98n8fal volunteer tirne Is not r6Lwnised. refer lo the Trustges. repwi rTrye InItk)n al)t th8lr conMbukn. 2A Exp•ndltur• ExndItUre 18 re¢ogni8•d once thwe is a legal or nSIruCti¥• rtJlvJation to tran$lgr g0)nomic benefit to a ihird paty. it 1$ probable that a transfer ol economic benefits will be required in settlemènt and the amount of the obligaiion can be measured 11abty. E¥pendilur8 is classified by actlvity. The costs of each activity are made up of Ihe lotal of direct costs antl sh8fed costs, including suppori costs involved in undertaking eath aclivty. Direct eosis attributable lo a Sing activity are allocated directly lo that athity. Shared costs which contribute lo rnore than one actiwty and support costs which arg not attributable to a Sing acb'vity are apportioned bern those 8ct1ves on a b8sis consistgnt with the usè 01 resources. Central staff costs are alk)c8leil on thg ba$ of timg sp&nt. 8nd d&pr8ciation charges allctal8d on th6 Portion of the asset's uso. Expgndiiure on ¢haritsble a¢b'vthgs is incurred on diredly undertaking the activilies whlch further the CharItae comp8nVs c44'eclives, as well as any 8ssop'at¢(1 supr<rft costs. 2.5 Inv•stm•nts Fixed asset inve31ments are a fom of finanoal instrument and are initially recogni5ed 81 their tr8nsaclion eosl ant1 subsequentfy measurgd al lair value al the Balance Sheet date, unless the valtjo ¢annot bè mèasured r8liabty in whtch case it is measured al cost less impainnenl. Investmènl gains and losses, whether realised or un811$ed. are combin8d and presentsd as 'GainsllLossesl on investments, in the Stslement of Finan¢i81 AcliveS. 2.6 Stoek• Stocks a vahjed al the lower of o)st and nel reasab value after making due allowance for obsolete and sbw-moving stocks. Cost indudes all direct $ts and an appropriate prow)rtion of fixod and varia8 overheads. 2.7 D•btors Trade and other debtors are r8ccgnised al the settknnl am(KJnl after any trade dlscount offered. Prepants are valLAd at the alrUnt Prepaid nel of any trade Ois(x)unts due. Page 19
WEM TOWN HALL COMMUNtrY TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcl•s Icontlnu•d) 2.8 Cash at bank •nd In hand Cash al bank and in hand irK4udes cash ar slK)rt48rn? highty liquld Investrn8nts ¥th 8 Short m8lurfty of three months or18ss from the dats of acquisition or opening of the deposlt or slmllar ac¢ounl. 2.9 Llabllltl•• and provl$k•ns Li8bMtll88 are r8cognL8ed vthen there is an otA wJat al the Balance Sh881 date 88 8 result of a past evenL it is piobable that a transler of economk benefft vlll be required in settlem&nL and the amount of the sethemenl can be estimated feh'abty. Liabmiltes aro recogni$gd ot lh8 amount that the Charit8bl8 company antidpatO8 It will pay to sèttl8 the debt or ihe amount it has receNed as advanced payments for the gc¥Jds or services 11 mvsl ovlde. PrOvionS are measured ai ihe best esll.malg 01 the amouns requlred 10 seitle the obligaiion. VVh9ro the effect ol the lime value of money is material, tho provision is based on the present value of those amounts. di8Unted at the pre-tsx discount late that rellecls the risks speclfic lo the liabS1ity. The Ltnwlnding of the dt8cwnt is ro9)9niwl Ihe Slatsmont ol Financ1 Ath"¥ili08 88 8 finan0 Go$l. 2.10 Flnancl•l Intrum•nts The Ch8ritsb company onty has finandal assets and finondal Uabililies of 8 klnd that quallfy a$ basic flnanclal InslrLtmenls. Basic financial instrurnents arg inalty recogn188d al Ir8nsaction value and subsunuY measured at their settlement valu8 with the excepts'on ol bank k)ans which are 8ubsequènly measured at amortised cost uslng Iha effective interèst mbth&l. 2.11 P•n•lon• Th& charitab cg)mpany operdles a defingd contribution pension and the wnsion charyg represents th8 offwjunts pabIg by the Charitable compony to the fvnd tn respo ofth* year. 2.12 Fund a¢¢ountlng General funds are unresiricted funds vthich are av8iLgble for use at the discrntKM of thè Trustees In furtherance of the general obj'ectives of the Charilabkn company and whith have r1 been desion8tod for other purposgs. Pag& 20
WEM TOWN HALL COMMUNITY TRUST (A Company Llmlt•d by Guarant••) NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 In¢om• from donatlons arNI l•gacleB Unr•strSct•d lund* 2021 Total funds 2021 Tot81 funds 2020 Donations Grants Similar iruiming resourc 454 206,517 1.750 92.283 833 206,517 Total 2021 207.651 207,651 94.866 Orant InG¢)m• 2021 2020 Town Coundl Shropshire Councll Ajts Shropshire Council Lease Agrgfjmt Shropshlre Councll Crynmissioning Arts Council England Meals on Wheels Coronavirns Job Reienlkin Scheme 8usines5 Support BuikJlrvJ Belter Opportunil 22,000 22.000 1,370 10.000 10,000 83,165 19,746 34.593 32.067 11,913 43.000 206.517 92.283 Page 21
WEM TOWN HALL COMMUNiff TRUST (A C¢mpany Umlt•d by Guarantso) NOTES TO THE FINA14CIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2021 Income trom charltabl• actSvltl•s Unre*trlct•d funds 2021 Total fund• 2021 Total funds 2020 Event and venue 6,262 4.766 6.261 4,766 1.666 109.866 8, 772 3,808 Wem Market income Friends and Mgmbgrs substtipt Tol•l 2011 12.694 12,694 122.446 An11• of •xpendltur• OD ch•rltsblo •¢tlvltl•¥ Summary by fund typ• Unrnstrl¢t•d fvnds 2021 Total fund• 2021 To181 fund$ 2020 Charltsble acd¥88 175,916 175,916 236.408 Analys1• of •xp•ndltur• by •¢llvlll•¥ ndertJk•n dlrectly 2021 Support Total funds 2021 Total funds 2020 2021 Event o)sts 171,380 175,916 236,408 Tot812020 44,935 191.473 236.408 Page 22
WEM TOWN HALL COMMUNrrY TRUST IA Company Lirnited by Guarantso} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analy$l$ ot eXndItUr0 by actlvhl•s Icontlnuedl An8ty•l of dlr¢¢t co•ts Actlvlti und•rtak•n dlrectly 2021 Total funds 2021 Totsl lunds 2020 Event cost8 4,536 4.536 44,935 Analy•l# of support CO8t• Actlvltl•• undek¢n dlT•ctly 2021 Total fund• 2021 Tol81 fvnds 2020 Wages 8n¢J $818ries Facility maintenance Faalty runnlng costs General expenses Accountancy and Indendant èxarn1rba f8èS Insurance Consuttancy fee8 Professlonal charoes 107.499 22.151 29.843 2.273 1.100 3,701 107,499 22,151 29,643 2,273 1.100 3.701 5.000 13 104.659 34,598 41.793 5.825 1,040 3,545 13 13 171.380 171,380 191,473 Ind•p•nd•nt •xamlnerfs r•mun•Tatlon The indapendent examinerfs remunerat)n amwnts to an independent examiner fo0 of £1,11)012020 - £1,0401£ Page 23
WEM TOWN HALL COIAMUNtTY TRUST IA Company Llfflited by Guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Staff costs 2021 2020 Wages and salarigs Social secyJnty costs Contrfbulion to defined contribulion pen$5on s(M&S 100.037 3.370 4.092 96,658 3,817 4. 184 107.499 104,659 Th6 av8rag6 nurnbtr ol persons empw by tho Charitabl? company during the year wa8 as follNs: 2021 No. 2020 No. No emplwe rece4vod remuneraOn arnountiNJ to nK>fg Ihan £60.000 in either year. Trust1, r•mun•ratlon and •xp•n••• During the year, no Tru8teO8 feceNed any remuneratx or olher bonofits {2020- £NIL). During th* yèar 8rKlod 31 March 2021. no Trustsè 0xpen8 hav8 been Ir1r0d (2020 - £550 to I Trnst8e). Page 24
WEM TOWN HALL COMMU141ff TRUST {ACt)mpany Limltad by Guarnntee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 10. Flxed assot Investm•nts Cafe C1 or ¥aluatlon At 31 March 2021 N•t book ¥alu• At 31 March 2021 At 31 m9h 2020 Wem's Truly Scrumptious Caterfng Company Limlted (Company numb8r 88849411 Is a subsldiary un(Jertaking of the Charitable Company. Tho Charilabl• Company holds 1000A of thè shares in thg subsidlary. Wem's Truly S¢nJmplious Catering C¢Jnpany knmlted made a pmfiffl088 of£856 during Ihe ar, hokj nel assets of £1,258 al the end. 11. stocks 2021 2020 Bar stock 1.810 12. D•bt*Ys 2021 2020 Du• wlthln on• yr Trado debtors Other debto 392 14.334 11,492 7.573 14,726 19,065 Pagg 25
WEM TOWN HALL COMMUNtrY TRUST {A Company Llmlted by Guarnte•) MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. Cr¢dltorn: Amounts lalllng du• wlthln one y•ar 2021 2020 Tr8d8 cr8dilors Other credrtors Accruols and deferred irKoTh 9.308 3, 164 2,562 29,104 39.751 49.059 34,830 14. Stst•m•nt of funds St•l•m•nt of fvnd• . ¢urr•nt y•ar Balan at 31 M•rch 2021 Blanc• at 1 Aprll 2020 In¢om• Exp•ndltur• Unr•slrf¢l•d lynds Genèral Funds- 811 funds 29,986 220,345 (175,916) 74,41S Stat•m•nt of funds . prlor y••r Balance al 31 March 2020 Balanco 81 1 Apn'l 2019 Incom& EXndit[ Unr•$trlcted funds General Funds- all funds 49.082 217.312 (236.408) 29.986 Page 26
WEM TOWN HALL COMMUNrrY TRUST (Acompany Llmlt•d by Guarantsol MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 1& Anatysls of net asuts b•twmn funds An111 of net a•*•ts b•iw••n fund• v curr•nt y•ar Unr8$trict•d funds 2021 Totsl lunds 2021 Trade inveslments Current assets Cr¥ditors due vrithln on• year 123,473 149,0591 123,473 149.059) Total 74.415 74,415 Anaty•ls ol n•t as•gts b•tw••n furth- prlor y•ar UnTrsliict8d funds 2020 Total fvnds 2020 Flxed asset Investmnts Current 88gets Crndilors duo wrthln onè year 64,815 (34.830) 64,815 f34,830) Totsl 29,986 29,986 16. P•nJlon commltm•nts The Charity paid pension ¢trib[n5 of £4,092 durirKJ the yBar12020.. £4,184). Al the year end there were conlributions payable of £nil. 17. Relat•d tr•n••cllo Wem's Truly Scrumptic¥Js Cateriro Company Ltd IRegi%traticrt numb8r. 8884941) Ss a subsidiary of Wem Town Hall Community Trust During the ypar Wem's Truty ScrumptiQU5 CaterbrMJ Company paid Wem Town Hall £nil12020.. £9.0001. Wem Town Hall pahfj Wem's Truly Scrumptious C8teriThJ Company £6.847 12020: £15,143) during the year. At the year end there was £1.587 (2020.. £1.627) owed to Wem Town Hal from Wem's Truly Scrumptious Cataring Company. Page 27