Registered number: OS58S617 Charfty number.. 1113075 WEM TOWN HALL COMMUNITY TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 WR Partners Protecting your future.
WEM TOWN HALL COMMUNrfY TRUST IA company limited by guarantee) CONTENTS Page Roference and admlnistrative dgtails of th• Charilabl? Company. Its Tru$tge5 and advisèrs Chairman's stattm•nt Trust8•s' report Independent examlnerfs report statement of flnanGlal actlvltl•s 3. 11 12- 13 14 Balanc8 $h••t 15-16 Notos to th• financial $tat•m•nts
WEM TOWN HALL COMMUNITY TRUST IA company Itnited by guarante81 REFERENCE ANO ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trustees Mr R D Stokes. Chair Mrs S E Angusirawshaw Mr A BrtYAfn Mrs P A Dée BEM Mr J W Dinsdale Mr P R Jories Mrs E A Mayer r R A Reeves r G M Soul, IFormal pSentatIon of W¢rn Town Counclll rs S Yales Iresignod 23 December 20221 Company règistor¢d numb•r 05585617 Charlty reglster•d numb•r 1113075 Registerod office Wam Town Hall 28-32 High Stroel Wem Shropshi SY4 5DG CDmp¥ny secretsry Mrs R A Homor Mariagem•nt and Admlnl$tratlv• T•am Mrs R A Homer. Difactor Mrs P J King. General Manager Mrs F Nye, Admiftisirative and Fronl of House (Resigned 7 April 20231 Ms M Churth. Operaltons Assistant IpoInted Play 2022. Resign8¢J Novernber 20221 Ms L Knight. Fin8neè Officer (Appointtrd October 2Q22. Resi9ned JAnuary 20231 Mrs A Williams. Wem into W(Yk Project Manager IResigned 31 March 2023. Contract Endl Ms L Duncan, BBO Pwoject cOrdInatC IResigned 31 December 20221 Accountants WR Partners Chartered Accountant5 Bclmont House Shrewsbury Business Park Shrewsbury Shrt>P5hirè SY2 6LG Bonkers Bardays 4446 Caslle Slreol Shrewsbury Shropshi SY12BU Pag8 1
WEM TOWN HALL COMMUNITY TRUST IA company Imited by guarantee) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 The chairman pre5ent5 his statement lor the year. In what ha5 proved to be another diffi¢ult linancial year for the Charity. w8 have ended the year with d tsmaller l<J5S tlian originally budgeted. Th15 ib due in part to th8 work ol the mdnagerneTrt staff and volunteers who help deliver the wide variety of pvenls held at Wem Town Hall. With rising inllation and the Inciea5e cost ol living 2023124 may also prove to bc a challenge. Tickèt prices. and friends membèrship prices which have been hold for Ihe pasl seven years, werè Increased in January 2023 due to the rising costs laced by Ihe Charity. The Calè, which is a subsidiary of the Trtjsl, has had another very good yèar, contribubng to the incorne of the Charity and th8 popurity of the venue. After lengthy discu5s)ns with Wem Town Council, It was decided thal they would take over the running of th8 Thursday outdoor market and we would continue lo run the Thursday Indoor markot when the current operaiional agreement ends in June 2023. Dis¢ussions were also held wth representatives of Shrop5hire Council regardifig the feasibility Df using Wem Town Hall lo house Lbe local library.. but uttimately the proposal was nol pursued further by Shropshire Council. Slafl recru.'Iment has conlinued lo be problematsc Ihroughout the year wilh the reslgnatlon of both Finance and Admin Assistants. The finance work 15 cuffepJy bebng completed by the Iwo senior stsll mombers. Recruitrn8nl ol support staff In the next financial year will b? paramount lo re18asin9 senior stBfl to work on the future projects apd funding wssibililies lor Ihe Charity's lulure. In March 2023 the Building Belter Opwiuritygs Pwiect lor wh¢ch thè Chafity provided bespoke one to one support in confidence building and Iinding employmanl aThJ training. camè to an end. We thank Landau, the lead partner oiganisation. for their exernplary endeavors in leading itre programme in Shropshire 8nd Herefordshire. The Meals on Wheels service 15 proving very popular and continuets to attract new Lu¥tom#rs and the Charity is pleased to provide Ih's service for the community. Vve KEie grateful to receive donation¥ frorn Thc Barber Trust and local firm SciQuip which made Il possible to purcha5c a new oven and equipm8nt lo help with the provision ol Meals on Wheels. Naw Improved dementia fr19ndly Signa to Ihe outside and in$id& of the venue. along with Ihg new window displays, by volunte8rs has 1gn o real success. Cmcial financial support continues tts be provided by Wem Town Council in a reducing Sgrvicg Level AgrÈ8ment, and Shropshire Counryl under a Lease Agreernent. In the forthcoming financial year, we will be focusing on improving and growng tyjr Business Fnends Schamè to better support the Charity's incomè g8n&ratlon targets. The success and popularity ol Wèm Town Hall as a communily venu8 coniinues lo grow through the provision of a varièd programme of evenls. enlertainment. meetings. and classe5 for the wiole community. None of this would be possib* without the hard work Ènd dedicabw of the Town Hall slaff and the many volunteer5 who 91Ve UP their lime lo sutwort th8 venue. John Dinsda Actifjg Chair of Wem Town Hall Communrty Trust Date. Pag8 2
WEM TOWN HALL COMMUNrrY TRUST IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present Iheir annual report together wlh the financial slalements of the Charitable Company lor the year 1 April 2022 to 31 March 2023. The Annual reKx)rt sèrves thè purposès of both 3 Tru5tees' report and a 01ctOrS. report under company law. The Trustees confirm Ihèl the Annual report and financial statements of the charitable company comply with the current slatulory requirèmènts, the requirements of the charitabl8 company's governing document and the provisions ol the Staiement ol RecomMer&d Practice ISORPI applicable to charities preparing their accounts in accordanc& with the Finantyal Reporting Standard applicable in the UK and Republic of Ireland IFRS102116ffedivè 1 January 20191. Since the Charitsbk Company quallfios as gnall uTrJer seclKJn 382 of the Companies Act 20(, the Strategic report required of medium antj large companies uThJer thè Compani•s Act 2006 (Strat1¢ Report and Dir8¢lors' Report) ReguL8tions 2013 has bee.ry omilled. The or9anisation Is a Charitabb company limiied by guarantee. incorporated on 6th October 2005 lamenLled by sCIal resolution on 10th Dec&mr 20071 and regislereij as a charity on 24¢h February 2006. The company WO$ O$tablish8d under a Mamorandum which 6slablish85 the objecls arld poweTS of thg charitsblg company, and it is govèrnéd undar its Articlès of Associalion. The trusl adopted a new sel of Articles of Association more suitablÈ lor Its current DratIOn which were forrnally adopled on 19ih March 2015 an¢J have been registered with Companies House 3Thd Thè Charil es Commission Register. On 27th November 2019. a special re501ulion with amandm8nis to the artle$ of associalior was passed and adopteij. This wa5 registered with Companies House ènd The Charities Commission. In the ovent of the comp¥ny being wound up rnernbers ar8 required to conlrlbuta an amount noi exceeding £10. Oblectlves and activi1 a. Pollcl•s and obJectSves Thè Charity's purposes as s¢t out Ir th8 CtJj8ctS CA)nlained In the company's Artic$ of Association are to.. provide fa¢ililies for the bentfit of Ihe inhabitarts of the town of Wem and the suryounding area in reLition to111 Ihe athiJn¢emèit ol thè èducali¢)n ol public in the arts Iiil the advancernent of education and training gen8rally and IIITI recreation or olher bisure tim ¢x¢upÈbon in interest ol social wèffarè with thè objèct of improving the conditions of lile lor the public Jl lar9è. To deffver on our purposes and aims WTHCT facilltatès social enterprlse, community ernpoWeMnt ar communlty cohesion through an aCsSibl, usèr-1ri8ndly, and high-quali¢y venue and programme. OUT main araas of èclivily comprise of an Inclusive arts progrèmmé whlch Indudes music, Iheatre. dance. ¢inema. 8xhibilions. and W0sopS and hiring out our prèmises and servic8S for meetings, lundr8lSlng èvenirtgs, éxèrcisè dassas and celebrations. amongst othtr recrèation and poisure In sèttsng objctivas and planniNJ for activilies. the Tntstees havo givan duo consideration to general guidan¢8 published by the Charity Commission relating lo public benefit. induding the guidance 'Public benefit." Tunning a charity IPB21'. Page 3
WEM TOWN HALL COMMUNITY TRUST IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Objectiv•s and attivitie$ Icontinuedl b. Main activiti•s und•rtak•n to further the Charitable Company's purposes lor the public benefit How our activitios dgliver public benefit.. ThroLJ9h a partnership programm9 of arts deveh)pment W8m Town Hall enhances the creative capa¢lty ol Ine widcr rornmunity by prc5cniing a hroad range of arts events for enjoymont and education and providing opportunities to celebrate and promote local distinctiveness. We provide facilitie5 trat rK> Qthgr venue can oHer for the inhabiianls ol Wem arnd the surrounding areas, We hav8 a charging policy which includes a comrnunily ano SerVe lo community discounlgd hire ralo 1 make surtr our la¢ilitias aro aflordablè to the public. Th8 broad oN8r ol leisure activities. many with discounted rates promotes greater incluslon, Improving the lrfè ol the inhabitants ol Wcrn and the surrounding areas. Through projects and partnership workiNJ Wem Town Hall prioritisas actsvitias that Pfomota community wellbeing and cohesion. For the next ysar. lh8 locus will Trmain on k)nalinass and support for families living With dementia. c. Volunte•rB On 3111 March 2023 W•m Town Hall's volunieer l8am numbergd 57 volunieors slaying Ihg same ov8rall number as the previous financial year. Vobjnteers participate in all areas ol the charity s deliv$ry and wilhoul their timè and dedicatio• Wem Town Ilall wouhl not the venue il is today. The 2022123 financial year markod the first yèar ol the venue being lully opeialional wilh no c105ure perio¢s after the wvid.19 pandèmic and thè Charity was supported by more than 145 bou volunlewing per week. In pure monetary i¢rms Ine valu8 ol volunteer support is more Ihar £82.0 per year. A volunteer handbook sets out our policies and procedures. Volunteers aio brieled before each lasl and Ihanked lor their contributions 50 they understand tha Important part they play In thè success ol the Charily. A volunleer reLruilment fair was held on the 11 Ootober 2022 where more than 20 kxal groups sèeking volunteers We hosted at Werr Town Hall lo showcase their opportunities. The event was well received by stakoholdcrs and thc Charity will rnakc this an annual event as part ol its commitment to promoling greater comrnunity resilience arnd coh¢sion, A volunteer social event was held in December 2022 al which the Irust forrn81ty thanked volunleers loi their support. Social èvents help volunteers to m68t each other and generaly enjoy their experiences org whith contribulos lo volunteer retoniion and (he Charity will look Intrcxyuce rnore owjortunities 'or vdunieers to meel and socialis8 oval th nèxt year. Page 4
WEM TOWN HALL COMMUNITY TRUST IA Comparty limrtÈd by guarantÈÈl TRUSTEES. REPORT ICONTINUEDI FOR THE Y&4R ENDED 31 MARCH 2023 Achi•vemonts and performance Revlew of activitie$ Tho 2022123 Finanaal Year continued to be 8 (alknginy operating ènvironment for the Charity. Arts Pro9ramme Te Wem Town Hall ams programrne Seeks lo e5tsbh"5h a broad prcgrarnme of high*uality arts artivi1185 and events Ilhgatre, music, dare, film. satellite broadcasts, visual arts. and crafts exhibitions, etc.) for the benefit of loca5 peopb and visrtors io Ihe area. 261 Arts Events took plac8 through the financial year, a rnarked ncrease from 169 èvents delivered in tho 202112022 Iinancial ycar across 10 months of delivery. even surpassing the total 247 events in lh¢ 201912020 financial year. The number of events however did not lead to increased turnover. It was only in the las.. 6 months ol the year that we began to see bett8r content b8ing available, partkularty th8 film programm and covid Pla.ng a bss conscKJUS thought on peopkg'5 decision lo go out. As we began to ¥xperi¢nce Iha benefits of Ihis changé thè cost.ol.living crisis began to tak8 ovor which se8med lo play a part in tampering audience att8ndanc8. Highlights ol the Ayts Programm• Includ8d MadlaAcliv8'8 pres8ntaTlon ol 'Hden Treasures, an evening of archlve film and live pgrtormance.. Ruth Cockbum's performan of women through the ages in 'Mis5 Nobodies. and the Valenlintss Casablanca Supper event. The vorsati ga118? space ntInued as a dual calé gallery spaee and the Alternativè Strands exhibition shohrasirrfj local artists response lo ndscapeS and environmen181 Impa¢l wos a particular highlight. Hires The room hir• dèmand Increased pleasingly in Ihe year and alained 539 hires in the yèar coming closer lo th8 last pre-p8r.demic lèvel 01600 hires seen al the end ol March 2020. Hires cOVed a broad range including exercise ¢lass88, trainirrfJ. lebr0110ns. parts'es. business meetings and community support 885SIOftS. Wem into Work Proie¢l The Charity has been delivering t.8 Wem into Work proj.ect sinc8 in 2014. Through the project we provided bespoke one lo one support to job seeker5 lo Supp them th the 5ki115 and help they needed to find employment. Collaboraliny wilh the participant5, the key wo¥ker addressed the barriers to finding empltsyment that the clients were experiencing. Most often support reeded consisted ol help with CV writing, job hunting supwrt, confiderKe buikying, intcrvicw skills p"aclice & techniques and general & bespoke training. In January 2017. the Charily began delivering th& Inio Work PiL¥8Ct as part ol Building 8•ltèr Opportunili•s Shropshir8 1gBOSI. The funding 5UPPOrted prgje¢ts in Englan(l that la¢kW povgrty and prornoted soc5al Inclusion. BBOS was funded by the European SoGial Fund and Ihe National Lottery Community Fund and the fvnding period ended in March 2023. The part time support worker Lisa DuncaTr r851gned in D8cernber 2022 to take up a nEW perm3pent role elsewhgre and the Project Manager Alison Willarns ended her employment with the Charity on 31É1 March 23 at Ihe end ol the projecl as lh8 funding ceased for thg rote. The tru51ees saw this project as a valuaNe way of contributing it5 skills to the Ictal economy and helping achieve the Charity's airns of advancing Irair¢ing and education for the inhabitsnts of Wem. Without fur.ding and redUd income from programnie in general the TrLJStees Could not continue the Wem Into Work programme wthout core funding. BBOS came to an encl al a time where funding cycles and programmes were shiftt.ng and the partner organisalions who workgd 10gelher on BBO hav8 continued to collaborate under 'Allogelher ShropshÈo' wth a View to responding lo future funding opportunities ol similar employment support projects. Page 5
WEM TOWN HALL COMMUNITY TRUST IA cornpany limtted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOED 31 MARCH 2023 Achievements and p•rfomianco Icontlnued Where Everyone Mallers Proiecl Funded by the National Lottery Community Fund. W.E.M- Where Everyone Matters is a three-year community project focusing on loneliness and people Iiwng wilh Demeylia. Due to the covid 19 pandemic and targe18d b8n8ficiaries being some ol the most vulnerable in the Comrnunity. it was douded to delay the start ol iha project un*il September 2C121 and will therefore end In August 2024. The project creates opportunities for thosè living wilh dErnenlia and trneir carers to take part In activities together in a weknming and supportive environment. Meals on Wheels Project Mèals on WheeL5 suppty hot meals on Mondays 8fKI Fridays al a reasonable cost lo those in need within the ltscal community. In Ihe 22123 financ al year the Charity was grateful lo Th6 BarDer Trust and local firm SciQuip who granted a request ol lun(Iing towar(Is a heaieil delivery box and thè coordination of tha rnaals raspaclivgly. Flnan¢ial rovl•w Golng concorn Aftor making appropriate enquiries. the Twstees have a reasonable cxpcc¢ation that thc Chanlabb Cofflp8ny has ade(iuate re%nurces to continue in oppralir)nal exislpncp for Ihe loreseeable ftjluro. For this roason, they ontinue lo adopt tho 9Olng conccrn basis in prcparing tho financA slalornents. b. Flnanclal review The difficult trading environment alfactad the Chanly s day-t04Jay business throughout the financial year endod 31%1 March 2023. Income achieved was £251.563 1£230.302 at March 20221 and thè expenditure lor thè yaar increased lo £258.972 1£216.030 al March 20221. The trading Posilion for the year enoed 31 March 2023 resulted in a bss of £1,409. This Is in alignmènt with the Trustèès financial &xpaciallons lor the year base(J on Ine programme, projecKs and baseline core cost occurring within the yèar. The loss in the main comès from noi 8chiÉving thè incomè LS from programma and hIS thal the Charity aimed '.0 achieve for Ihe year. number ol events In Ihe programmè did increase signiflcantly bat it was only towards the end ol the finaTrcig1 year Ihal the Charily experienced h.9her audience figures and increased revenues from Ihe evenls. Stricl control was kepl over exnditre to rninitnise the k)ss TrLstees could sèe thè Charity was headiTrJ lor at the end of Ihe year t)ul to maintain Ihe 6 day a wèèk opening ol tha v6nua incurs a base level ol overheads that cannol be reduced. particularty in:eryrs ol utilities and maintenance costs. Income during the year came from seryice level agreements horUred by our partn•rs (Wem Town Council £20.000, Shroosfire Council £4.000. and £15.000 kase agreernenl including arrear51 and from funded projects Including Building Beller oprtLInItl@S 1£57.9831 and The Nabonal Lottery Community Fund, W.E.M Projecl 1£38,8681 and charity own fundraising £3.070. Page 6
WEM TOWN HALL COMMUNITY TRUST IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 . Reserves F11¢Y The Trus'.ees have collsid8red the chaws requirement for r95erv9s in light of the main risks to the organisalion. The 1885e of Vlern Town Hall a full repairing ba58 and due to the high loorfall Incr&asing amounts ol funding will bo required to rnaint8in the high standard of thg Ixjilding and facilitlgs. In addition. 18vel ol reserves Is required to cover emergency silualions thal may arise from lime to time. The Trustees and Teèm have worked tirefessly to achieve a level of reserves sel OLrt in 2014 bul now ¢h81 ha5 been ro8ched the dem8nds on tha building and faolilies are ever groater whilst activily Increases, and il Is now considered Ihat a mlnSmum level of £100.000 reserves Is necessary. The 7ruste8s rocognise that Increasing c051$ rnake 11 more ifficurt lo generatè surplus funds towafds thls targét. Hmvèr, th& alm coniinues lo be to leach the requSr8d level within the rnedium tenr.. Free r¢¥erv¢s on 31 Mar¢h 2023 We £81,2T712022 £88,686). d. Prlnclpal fundlng In 2022123 the Chartty'5 primary income stream was the PTOViSilX) ol facilili¢s and servi¢es 141Q/ol followed closely by the de'Very syoJe¢t$1390k -BBO Proiè¢l anu w.E.M Proiectl. S•rvic8 L8v81 agr•8m8nt Income from Wem Town Council and Shropshire Council has been. and continues lo be. pivotal in demonstrating loGal support lor the Charily and gaining investh)ent from TrtJ$ts and FourdatKms. e. Rl$k manapmonl The Charity trustee5 have given (x)nsidefatiM to the major r15b to which th• charity is axws•d and satisfi#d Ihemselvos thal systems or procedures are ¢sl8bllsh8d in ordor lo managg those risks. Page 7
WEM TOWN HALL COMMUNrrY TRUST IA eompany limsted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Structur•. governance and managernent a. Constitution Wem Town Hall Community Trust rs ragtstefed as a charitable o)rnpany limited by guarantèè and was Sel up by a Trust deed. The company is conslituted under a Trust deed and is a registered charty number 1113075. b. Molhods of appointmènt ar èl•ction af Tm$t••s Th¢ directors of Ihc company as rogisiofod al companies hse are also charity tDJsloos for tho purposos of harlty law. Undèr the raqJir&m&nts of tha Memofandum arbd Articl6s ol Association the directors of the charlty arg eltrcied lo serve for a period of three years after which they mvst bg re-eleclf)(J al the nexl Annual Geii¢ral Meeting. Tho dirgctors may appoint a oeison who is willin9 lo act lo ba a director al any point in the ytrar. The maxlmum number ol di18clois Is 90 and rnay Trot be bss Ihan six. All directors givè their tima voluntarlly nd received no benefits from the charity. Thg Trusleas have agreed to woth towards a m(*Jel of a Chalr of frusta•s bèing appolnted lor a fv40-year period supported by a Vlce Chair who will In tum become Ch81r. c. Pollclgj adopted for tho IndrI10n and tralnlng ol Truslees M¢$1 Trusle6s are already familiar wth the practical wodK ol the ¢hanty +)aving been encouraged to alt9nd or vdunleer at public events. New Trustees are ipviled and enCra9¢d to all•nd a sèries ol short tfaining $8ssions lo lamiliarise themselves the charily and the contexl within which Il oparales. Thase arè ioinuy led by the Chair of the board and the Oirector ol Wem Towr Hall and ¢ov¥r." The obligations of Trusteos. . The main documents wlTich sei oui Ihe oper81ional framework for the charity ineludifig the Memor8ndum and Articles ol Associal)n. Resourcing and Ihe currenl financial position as set out in the L4tesl published accounts. Page 8
WEM TOWN HALL COMMUNITY TRUST IA company bmited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 statoment of Tmst•es' r0spon$ibilities The Trustees (who aro also the dirèctors ol thg Charitabl8 Company Itx the pur>Se5 of company 18wI are r9sponsibl& lor pr8paring the Trustees. reporr and tha finan¢lal sialémènts In accordancè wSlh appliGablg law and United Kingdom Accounting Standa$ (Unilad Kingdom G8nèrally Accèptèd Accounting Practlcèl. Cornpany law UireS the Trustees to prepare financial stalements for each financial year. Under company law, the Trustees musl not approve the financial slalemenls UnSS they are sat15fied that they give a true and fair View ol the slate ol affairs ol the Charilable Company and of ils incoming resources and application ol rèsourcès, includin9 ils income and expenditure, lor Ihat pèricrfj. In preparing these financial statements, thè Trustèes are raquired to.. select Suliable accounting policies and then appty thom consislenuy.. observe the methods and principle5 of the Charib'es SORP IFRS 1021,. make judgments and acU119 estirn8le5 Ih8t are reasonable and grvdent., slate whether applicable UK Ac¢ounling Stsndards (FRS 1021 have been followed, subject to any malorial dppèrtuos disclosèd and explain8d in the financial sial8m8nls." prepare the financial statements on the gn9 concem ba$ Lml&ss It is inaFvropriate lo presume that the Chanlabk Company will continue In business. Thé Trustèes ar8 responsible for keeping adequate accounting recoids that are surricient to show and explain the Charitable Compan16 transaclions and disck)se with reasonabl• accuracy at any tim8 Ihe financial posltion ol the Charitabk Company and enable tb.om to ensure that th8 financial statements cornply wiln the Companiés Act 2006. They are also responsible for saleguarding Ihe assets of the Chantable Company and hence for taklng r8asonable steps lor the prevenllon and delection of frau¢J and other iffegularilies. Approved by order of Ihe members of the board of Trustees Bnd slgned on Iheir beh8ff by.. Mr.J VV Dan$da. Adtlng Chair ol Trustees Dale.. Page 11
WEM TOWN HALL COMMUNITY TRUST IA company limlted by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 Independent Examln•rfs Report to the Trustees of Wem Town Hall Communlty Trust I'the Charitable Cornpany'l reptsrt lo the charity Truste85 rny examination of Iho acu)unLs of the Charitabb Company for the year 8fKled 31 March 2023. Rosponsibllities and Basis of Report As Ihe Trustees ol the Charitable Company land its directors for the purposes ol ¢ompany 18wl you are responsible lor the preparation ol Ihe accounls in accordance wirh Ihe requirernents of thè Companies Act 2006 I'lhe 2006 Acl'l. Having satisfied mysell thal the 8C(x)unts ol Ihe Charirablè Company are not requlr8d to ba audltad under Part 16 of the 20C6 Acl and are 811glb16 lor Indapèndent examlnalion. I report in respe¢t ol my èxamination of tha Charitable Company's accoun15 e8rrie<l (wl undèr secbon 145 01 Ibe Charilie5 Act 2011 I'lhe 2011 A¢l'l. In c3rrying oul my examination I have Ic41owed the Directions 9iven by the Charity Commlssion under se¢li¢n 14515llbl ol Ihe 2011 Acl. Page 12
WEM TOWN HALL COMMUNITY TRUST IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Independent Examlnerf5 Statement Slncè tha Charltablo Company's gross Income exceeded £250.000 your examiner rnusl be a member of a body listed in seelion 145 01 the 2011 Acl. I confirm that l am qualified lo undertake Ihe examination because l arn a rneber of the Assoaalion ol Chartered Certified Accoltntants. wnich is one of the listed bodies. I hav8 compl8ted my 8xamSnation. I confirm that no mattèfs hava come lo my altèntion in ¢onne¢tion with th8 exarnination giving me cause to b81ieve'. accounting rècords wèrè noi k6pi In tssp6ct ol the Charitable Company as by section 386 of the 2006 Act.. or the accounts (Jo not accord wilh thos& records.. or the accounts do not comply wilh the ac(o¢Jntsng requ1MentS of seclion 396 01 the 2006 A¢1 olh&r than any requiremenl thai the accounts give a'iwe and lairf view which is nol a matter consid&red as part of an independent exarnin8tion.' or the accounts havè not been pr8paf8d In accordanc6 with tho rn8thod5 and principle5 01 th8 Statement of RecornrnerTded Practice lor 8ccountin9 ond raporting by charities laFplicable to charities preparing their acc()unis In a¢¢ordan¢o wlh Financial Reporfing Standard aPiCable in tho UK and Republic of Ireland IFRS 10211. I have no con¢$rns and have ¢om& acn5 ncs other mallers in connecty'op with the examinolion lo which allenlion shoukl be ¢rawn in thls report in order fo enable a prope. understanding ol the accounts lo be reached. This report 18 made to the Charitable Comp8ny's Trustees, as a bcxjy, In accordance with Part 4 01 th Chanties IAcGoursls and Reports) Regulatl¢W5 28. My work has b88n undertakan so that I might sial to th& Charitable Company's Trvslees Ihose matl8rs l am required to state lo them In an Independènt examinerfs rpport and for no other purpose. fo the hJllesl extent permitted by law, I do noi 8ccopI or 8ssume responsibility lo anyone othef than the Charitablo Company an¢J the Charitable Companys frustees as a body. for my work or lor this rtrport. Signed.. Daled: 0511212023 T Lunt BA FCCA MIRPM WR Partnws Chartered Accountants Bdrnont House sreWsbUry Business Park Sbrewsbury SY2 6LG Pag& 13
WEM TOWN HALL COMMUNrrY TRUST (A company limtted by guarantee) STATEMENT OF FINANCIAL ACTIWTIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDEO 31 MARCH 2023 Vnrestrlded funds 2023 Restrlcted funfl$ 2023 Total funds 2023 Tolal funds 2022 Nol Income from: Grants. donatlons and kgaci&s Charilable activities 53,863 95,050 102.fj50 156.513 95.050 164, 778 65,524 Total Income 148.913 302,650 251.563 230,302 Expondlture on: Charitab18 activities 156.322 102.650 258,972 216,030 Total *xynditur• 156,322 102.650 258.972 216,030 N•t movèmonl In fund8 17.4091 17,4091 14,2T2 R•conclllalion ol lunds.. Total fund5 brtsughl lorw8rd N81 movernenl in funds 88,687 17,4091 88,687 17,4091 74,475 14,272 Tolal funds carried lorward 81,278 81.278 88.687 The Statement ol Financial Activibc5 includc.s all gains 8nd lossès recognised in the year. The notes on pages 17 10 27 form part ol Ih8se financial statomgnts. Page 14
WEM TOWN HALL COMMUNITY TRUST {A company limitèd by guarantèè) REGISTEREO NUMBER- 05585617 BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Nole FIX assets Investments 10 Current assets Stocks Debtors Cash al bank and In hand 1.247 5,420 114.305 12 16,535 107,057 124,473 120.972 Creditors.. Smo1$ fallirYJ dua wilhin on• yèar 13 {43,1961 (32,286) Net currellt assets 81,277 88,686 Total ass•ts1•98 curr•nt Ilabllltl?s 81,278 88,687 Total net as89ts 81,278 88.68T Page 15
WEM TOWN HALL COMMUNtrY TRUST IA company limited by guararrteel REGISTERED NUMBER: 05585617 BALANCE SHEET ICONTINUEDI AS AT 31 MARCH 2023 2023 2022 Note Charlty lundg Restricted lund5 Unrestricted lunds 14 14 81278 88,687 Total funds 81.278 88,687 The Gharllabb Company was ents'lled to èxtrmption from audit un¢Jer section 477 01 th¥ Companio5 Act 2006. The rnernbers have nol requi the company lo oblain an audil for tho year in question In 8¢cord8nce with section 476 of Companies Act 20Cfj. The Trustees Acknow*dge their sponsIbl11t1eS lor compfying with Ihe requiremen¢S ol tbe Act 4yilh respect lo accounting records and preparation ol finanaal statements. The financial stztemenls have b88n prap8red in accord8nce with the provisions applicabk to entities subj8cI to the small companies rè9lmo. The financial slatemenls were approved and aulhorised for Is$uo by the Truslees an¢J sKJned on their behalf by,. Mr J W Din9da {G1r of Trustèè Dale.. The notés on pages 17 to 27 fom p8rt of these financial statements. Pag&16
WEM TOWN HALL COMMUNITY TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Gènèral Informatlon The organisation is a Chantable Company limiled by guarantee, incorporated on 6th October 2005 (amended by special fesolution on 10th Dernber 20071 and registered as a Charity on 24th Febwary 2006_ The Company was eslablished under a Memorandum which establishes the objects and powers ol Ihe Chantable Company. and il Is govemed uThJer its ArtiCS ol AssocAalion. The tfusl adopted a new sel ol Articles ol Association more suilable lor ils ¢)Jrrenl operalion which were fomially adopted on 19th March 2015 and have been registe with Companies House antj The Charities Cornmission Regisier. In the event ol the company being wound up members a required lo contribulc an amount not 8xceeding £10. The Charily's purposes as $81 out in the objects contsined in the company's Articles of Ass0¢181ion 8r8 to.. provide laulili6s lor the ben&fit ol the inhabitants ol the to1 of Wem arnd the surroundlng ar&a in relats'on to 111 the adv8ncernent of the aducatit)n of the puDlic in the arts lill the advancarnènt of education and training 9eneralty and Iiiil reC*eatn or olhèr Lqisurè time occupation in th8 inièresi ol social w8lfarè with the object ol improving thé conditsons of lrfe for thè ptsblic at largè. Accountlng pollcl•s 2.1 Ba81$ ot pr•parati4Jn of financial statom•nt8 The financial slalemonts havo bocn prcparod in acCdanCe with the CharitO8s SORP IFRS 1021- Accounting and Reporting by Charities.. Statement ol R¢comr.ended Pr8CtIG8 applicab to chari1188 preparing their accounts In accordance with the Financial RerlIng Standard 8pplicable in the UK and Republc of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Slandard applicab in Ihe UK and Republic of IreLind IFRS 1021 and the Companies Act 2006. Wem Town Hall Comrnupity Trusl meets the definilion of a public benefit entity under FRS 102. Assets and liabil'ties are inilially CogniSed at historical cost or Iransaction valuÈ Un5$ otherwise slated In thè revant accounling pollcy. 2.2 InGom• All Income is recognised once Ihe chagtat) Company has enliuemenl to Ihe income. il is prObae that the income wll be received and ihe amounl ol income r1vable can be measured rellably. Grants are includeé in the Slalemenl ol financial aclivities on a receivab18 basis. The balance ol income recelved for specrfic purposes but nol expended during Ihe period is shown in the relevant funds on the Ban sheet. Where income Is received in advan of ertitlement ol Tript. its recognltson Is defer aThJ included In ueditors as deferred incorne. Wh8re entitlement occurs before income is received. the incorne is accrued. Pag8 17
WEM TOWN HALL COMMUNITY TRUST IA company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles (continL¢edl 2.3 Expondltur• EXnditrè Is recognised once there Is a al or conslnjctive obli9abon lo transler economic benefit to a third pariy, it Is pfoDable that a transfer ol ecoTrorni¢ benefits will be required in selllÈmenl and Ihe amount ol the obligation can be measured reliably. Expenditure is classified by activity. Thè costs ol each aciivily are made up ol the lolal ol direcl wsls and shared Gosts, including support costs Involved In ur.detskin9 ¢ach acli¥ity. Direct costs attributable lo a Single activity are albcated directly lo Ihal aclivity. Shared Gosis which contribute to more than one activity and support cost5 which are not aitribuiable 10 a slngle activity a appO'0ned between thos8 activitie5 on a basi5 consistent with Ihe use of sources. Central staff costs are albcated on th8 basis of time spent. and depreciation charge5 aleated on the portion ol the asset's use. Expenditure on charitable aclivilies Is incurred on directly undertaking Ihe aclivitSes which lurthor thè charitab Company's objectives. as well as any associale(J support costs. All oxpcndilurc is inclusive of IrrecoveTJbl8 VAT. 2.4 Government grants Government grants are accounted for in the Statement ol Financial Activity upc*n 8nlill8m•nl. 2.5 Investments Fixed asset inveslments are a form ol financial instrumant and ar8 inrtialty recognis8¢ al th8ir transactson cost and subsequently measured at fair value at tne 8alance Sheet dale, unkss th8 value cannoi be measure(J reliaDly In whh case il is measuied al cost less impairrnenl, Investment gains and losses, whether realised or unwlised. are ¢ombinéd and presented as 'GainsllLossesl on Inveslments. In Ihe Stalemenl of Financial Actsvilies. 2.6 Stocks Stocks are vakjed at the lower of cost and net realisable value after rnak.ng due allowance lor abso10 arKI slow-moving stocks. Cost Includes all direcl cosls an¢J an apprtspriate proporlion ol rixèd and vèriablè ovath8ads. 2.7 Debtors Trade and olher debtor5 are rewnised at Ihe settlemenl amount after any trade discount offered. Prep3ymenls are valued at Ihe arnouril prepaKI net ol any tratje diswunls due. 2.8 Cash al bank and in hand Cash al bank and In hand Indudes Gash and short-temi highly liquid iqveslmenls with a short aturity of three monlfvs or less from the date of acquisition or opening of the deposit or similar account. Page 18
WEM TOVIN HALL COMMUNITY TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 Accounting pollci•s leontinu•dl 2.9 LlabllltA¢s Jnd provlslons Liabilitie5 a recognised ¥then there is an oblg8tion al tho Balance sheet date as a result ol a past evèni, it is probable that a Iransfer of economic bènèffit will wuired in seltlemenl, and the arnount ol the sevlement car be estimated reliabty. Liabilities are recognised al the arnounl thal the Charitable Company anticipates Il will pay lo sellle the debt or the amount il has received as advanced payments lor the 9oods or 5ervic8S It WU51 provide. 2.10 Flnanclal instrum•nts The Charitable Company only has finanoal assets and financial liabilities ol a klnd that qualify as basic financial inslrutnenls. Babic financial Ir.slrumenls are initially retxvjnised al trans8Ction vslua and subsoqucnlty mea8ur6d at their settk3menl valuo :hc oxceplion of bank loans whth arc subsoqucnlty measurcd ai amortiscd cost using thc olfectivo Intcrcst mothod. 2.11 Ponslons The Charitable Company operates a definod contribution pension scheme and the penSn chargo represents the arnounls payable by the Charitable Company lo the fund in rèspect Df th9 year. 2.12 Fund accountlng General lunds are unrestricted fund5 which are available lor use 81 the discretion ol the Trustees In Ivrtherance ol the 9eneral o*'eclives of the Charilablè Company and which have nc>t been designated lor other pur?$88. Restricted lun¢Js are funds which are lo be usgj in accordance wilh specifi¢ restriGlions imposed by donors or which have been raised by Ihe Charitabk Company lor particular purposes. The costs of raising and administering such funds are charged against the specific fund. Thè aim and use of each reslricled fuThJ is set out in the leS to the financial staterneni& 2.13 Redundancy pay In cases of redundancy, statutory terrns will apply. After serying 2 years and up 10 12 yèars emplyees are entimed to slatutory notice of 1 weec for each full year We4 or one month'5 pay, whichever is Ihe greatef. Page 19
WEM TOWN HALL COMMUNtTY TRUST IA company lirnited by guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Incorne from grants, donatlons and legacles Unr•$lricled Ro$tricled lunds funds 2023 2023 Total funds 2023 Tolal funL¢s 2022 Donations Grant5 Govtrrnmenl grants Similar ineoming resources 3.OYO 17,837 24.000 8.956 3,070 56.525 87,962 8,956 465 34,6T9 128,548 7.088 38,688 63,2 53.863 102.850 156.513 164, 778 Tol812022 92.659 72,119 164.778 Government grant in)rne indudas funding from The Town Council, Shrupshirtt C¢xJncil, Arts Council England. tho Coronavirus Joh Rclention Sch•me, Kickslartcr grants. English European Social Fund IESFI and Business Support granls. The5c Hrc InchJded within Ihe table below. Grant Incom 2023 2022 Tovm Coundl ShropshI Council Lease Agreemerl Shropshire coup.eil Commissioning Arts Council EngL8nd Coronavirus Job Relention Scheme 20,000 1S.000 4,000 22,OOQ 4,000 41,582 702 Businoss Support Cjrant Building Better Opporlunits"¥s 8FI Audience hubs W.E.M. Dementia Friendty Meals on Wheels Other grant income Kickslarier 16,QOO 41,275 2,655 27,255 2,644 2,125 3,649 57,983 1,137 38.688 1,700 5.979 144,487 163.227 Page 20
WEM TOWN HALL COMMUNrrY TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from chorltsble oCtlvltle$ Unr•striet•d funds 2023 Total fund5 2023 Total lun(Js 2022 Evcnl and venuc inwrne 82.738 8.826 3,486 82,738 8,826 3,486 54,937 7,419 3, 168 Wem Markel income Friends and Members. subscriplions 95.050 95.050 65.524 Tol812022 65.524 65,524 Analyils of oxp•nditur• on charitable artivities Summary by fund lype unltrICt*d Restrict fund$ funds 2023 2023 Total 2023 Total 20?2 Eveni and venue incc4me 156.322 102.650 258,972 276,030 To£g12022 143,911 72,119 216,030 Analysis of oxpendlture by a¢tlvltle$ Aetivitlès und¢rtaken directly 2023 Support costs 2023 Total funds 2023 rot81 funds 2022 Evanl and venue income 107.825 151,147 258.972 216,030 Total 2022 78.585 737,445 216.030 Page 21
WEM TOWN HALL COMMUNITY TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 Analys5$ of expendlture by actlvltles Icontinuedl Analysls of dlreci costs Ev•nt and venue in¢ome Total funds 2023 Tt>t81 funtls 2022 2023 Staff c0815 Event costs W.E.M. Dementia Friendly Meals on Wheels 63.771 27.818 11,098 5.138 63.771 27.818 11.098 5,138 56,351 18.138 4,096 107,825 107,825 78,585 Total 2022 78.585 78.585 Analysls of support costs Event and v•nue Income 2023 Total funds 2923 Tolal funds 2022 Staff costs Facility maintenance Facility running costs General expense5 Accountancy and Independant Examination fees Insuranc8 Consultancy leos Professional fees 77.942 20.005 43,996 3,868 1,313 4.023 77,942 20,005 43,996 3,868 1,313 4,023 69,807 19.749 39, 150 2, T48 1.475 3. 753 750 13 151.147 151,147 137.445 Total 2022 137.445 137,445 Page 22
WEM TOYIN HALL COMMUNITY TRUST {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 IndEpendenl examlnerf6 remuneratlon 2023 2Q22 Fee5 payabb lo the Charitablg C¢)mpangs IrKJependent examiner for Ihe independent exarnination ofthe Charitable Companls annual èccounts 1,300 1,300 Staff costs 2023 2022 Wages and salaries Social security ¢osts Conlnlsution lo defined contTibution pension schernes 132,819 5,355 3.539 117.266 4.685 4,207 141,713 1?6, 158 One empbyee was made redundant during Ihe year at Ihe end of a fixed term project. receiving £1,554 in redundancy payment. The average Durnber of person$ employed by Ihe Chahtsble Company during the year was as fdlows., 2023 No. 2022 No. Employees No empkjyee received remuneration amountsng to more than £60,(YJO in either year. The tot81 remuneration for the kn¥0 key managemenl personnd amtxjnted to £86,997 durfng the yèar including gross 5aiqrie5 and employers p8nsion contributions. Trustees. r•muneratlon and •xp•ns•$ During the y8ar, no TwusteBS Feceived aTry iemuneiab.on or other benefits (2022- £NIL). During the year ended 31 March 2023. expenses toialling £840 *ere rwrnb¢Jrsed or paid direclly lo 1 Trustee {2Q22 £740 to l Tmsteej. The reimbusements related to o)sts involved with the Dance programme. Page 23
WEM TOWN HALL COMMUNITY TRUST IA cornpany limiied by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2023 10. Flxed ass¢1 Investments Trade investments Cost or valuation Al 31 March 2023 Net book value At 31 M8r¢h 2023 At 31 IAarch 2022 Wem's Truty Scrumptious Catering Company Limited (Compaiy number 88849411 is a subsidiary undertaking ul the Charitdble Comp(Iny. The Charilabk Company hol¢Js 1000/0 ol the shares In tha 8ubsldiary. W¢rn's Truly S¢fUrnPliOUS Catcriwry Company Limilod made a profil of £805 during the year, 8nd hel nel assets ot £2,583 al th* yèar end. 11. Stock8 2023 2022 Bar stk 881 1,247 12. Debtors 2023 2022 Dua withon onè y•ar Tradè dèbtors Amounts owed t)y subsidiary company Othcr debtors 15,482 539 1,630 3,251 1,053 16.535 5.420 Page 24
WEM TOWN HALL COMMUNrrY TRUST IA cornpany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Credltor5'. Amounts falllng due wtthlrn one y•aT 2023 2022 Trade creditors Arnounls owed 10 Subsidiary company Othèr laxalitsn and social secunty Pension Accruals and daferred Income 2,622 113 862 240 562 39,659 31.424 43,196 32,286 1& Stat¢m¢nt of funds StOt¢mont of funds - currgnt yo•r Balance at 31 March 2023 Balanco at 1 Aprll 2022 Ineom• ExpendFture Unr¥strl¢t•d funds General Funds 88.687 148,913 1156,3221 81,278 R•strictod funds Klcksl8rt 5,979 S7,983 38,688 15,9791 {57,9831 {38.6881 Wern into Work W.E.M. Demenlia Friendly 102.650 1102,6501 Total of funds 88,687 251,563 1258,9721 81,278 Restrtct•d funds cornprfis• of: Kickstart supporting peOe into employment. Wem into VVork- part of 8uilthNg Better Opportunilies Shropshire. w0vion ol one to one 5UPPOrt lo job seekers. W.E.M. Dernentia Friendly- creakn.ng opportunrties for those living with derneniia and their carefs to t8ke part in aCveS together. P8ge 25
WEM TOWN HALL COMMUNrrY TRUST IA company limitad by guarantee) NOTES TO THE FWANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Statement ol funds Icontlnuedl Statèment of funds - prlor year Balance 81 37 arch 2022 BalanG8 81 l April 2021 Inavne Exp8nditur8 Unrestr6cted lunds General Funds- all funds 74.415 158. 183 (143,917) 88,687 R•sirletèd fund8 Kickslart Wern In',0 Vvork W.E.M. Dementia Frièndly 3.649 41,215 27,255 (3,649) (41.215) {27,255) 72,119 (72. 119) Total of funds 74,415 230,302 1216,030) 88,687 15. Analysls ot net ass•ts b•hf•¢n funds Analy$is of nét assèts b8twg•n funds . curr•nt y•ar Unrestrlcled funds 2023 Total furhds 2023 Trade investments Current assets Creditors due wtthin one year 124,473 143,1961 124.473 143,1961 Total 81,278 81,278 Page 26
WEM TOWN HALL COMMUNifY TRUST IA company limit4d by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2023 15. Analysls of ngt a$$ets between funds Icontlnuedl Analysls ol net a$ts htwg*n fvhds - prloryèar Unr8slriGt8 funds 2022 To181 2022 Trade inyeslments Current a58els Creditors due within one year 120,9T2 (32,286) 720.972 (32,286) Tolal 88.687 88,687 16. Penslon commSlrnent$ The Charity paid pension ¢onlribLrtions of £4,207 duriThJ tho yoaf12021.. £4,092). Al the yoar end there were coniribulions payabl• ol fnil. 17. R81ated party transa¢tion$ Wem's Truty Scrurnplious Catcring Company Ltd (Registration number.. 88849411 is a subsidiary of Wcrn Town Hall Community Trust During the year Wem's Truly scrumpliJs Catering Company paid Wern Town Hall £9,000 12022 £7,086). Wern Town Hall pai¢J Wem's Truty Scrumpbou8 Caiering Company £7.076 12022 £5,312) durfng the year. Al the year 81 there was £113 owed by Wem Town Hall lo Wem's Tnjty Scrumptious Catering Company 12022-. £1,630 owed to Wem Town Hall by Wem's Truly Scrumptious Catering Company) . Page 27