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 $tat•m•nts WEM TOWN HALL COMMUNITY TRUST IA company Itnited by guarante81 REFERENCE ANO ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trustees Mr R D Stokes. Chair Mrs S E Angusirawshaw Mr A BrtYAfn Mrs P A Dée BEM Mr J W Dinsdale Mr P R Jories Mrs E A Mayer r R A Reeves r G M Soul, IFormal ￿p￿SentatIon of W¢rn Town Counclll rs S Yales Iresignod 23 December 20221 Company règistor¢d numb•r 05585617 Charlty reglster•d numb•r 1113075 Registerod office Wam Town Hall 28-32 High Stroel Wem Shropshi SY4 5DG CDmp¥ny secretsry Mrs R A Homor Mariagem•nt and Admlnl$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 I￿poInted 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 cO￿rdInatC￿ 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 Qthgr venue can oHer for the inhabiianls ol Wem arnd the surrounding areas, We hav8 a charging policy which includes a comrnunily ano SerV￿e 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 T*e Wem Town Hall ams programrne Seeks lo e5tsbh"5h a broad prcgrarnme of high*uality arts artivi1185 and events Ilhgatre, music, dar￿e, 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 'H￿den 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 cOVe￿d 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 redU￿d 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 hI￿S 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 ex￿ndit￿re 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 hor￿Ured 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 op￿￿rtLInItl@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 F￿11¢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 h￿se 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 ￿9￿0 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 Ind￿rI10n 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 enC￿ra9¢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 Un￿SS 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 ac￿U￿11￿9 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 g￿n9 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 e8rriet been designated lor other pur￿?$88. Restricted lun¢Js are funds which are lo be usgj in accordance wilh specifi¢ restriGlions imposed by donors or which have been raised by Ihe Charitabk Company lor particular purposes. The costs of raising and administering such funds are charged against the specific fund. Thè aim and use of each reslricled fuThJ is set out in the ￿leS to the financial staterneni& 2.13 Redundancy pay In cases of redundancy, statutory terrns will apply. After serying 2 years and up 10 12 yèars emplyees are entimed to slatutory notice of 1 weec for each full year W￿e4 or one month'5 pay, whichever is Ihe greatef. Page 19 WEM TOWN HALL COMMUNtTY TRUST IA company lirnited by guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Incorne from grants, donatlons and legacles Unr•$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 unl￿trICt*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 st￿k 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 peO￿e into employment. Wem into VVork- part of 8uilthNg Better Opportunilies Shropshire. w0vi￿on 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 aC￿v￿eS 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 scrumpli￿Js 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 8￿1 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