REGISTERED COMPANY NUMBER: 05861418 (England and Wales) REGISTERED CHARITY NUMBER: 1116491
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
FOR
THE WELL COMMUNITY PROJECTS
THE WELL COMMUNITY PROJECTS
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Notes to the Financial Statements | 10 | to | 15 |
| Detailed Statement of Financial Activities | 16 |
THE WELL COMMUNITY PROJECTS (REGISTERED NUMBER: 05861418)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The Well Community Projects is a company limited by guarantee and a registered charity. The company was formed on 23rd June 2006.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects within the Memorandum of Association state the commitment of the company to serve the community of Retford, Bassetlaw and the surrounding villages. Particular emphasis is put upon the areas of local regeneration, promotion of good health and care of the elderly, and support for families in our community. One of our priorities is to "provide a safe place where all people are valued and respected and empowered to achieve their full potential".
When planning our activities for the year the Trustees have considered the commission's guidance on Public Benefit, and complied with section 17 (5) of the 2011 Charities Act and, in particular, the specific guidance for charities on the relief of poverty. We aim to provide services that benefit the poor and isolated in and around Retford and Bassetlaw through:
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Provision of a place to meet for parents/carers and young children, the elderly, and those with dementia and their carers
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Provision of a debt counselling service (via Christians Against Poverty)
The company receives significant support from The Well, Retford Baptist Church, providing administrative support as well as a base (The Well) for the services being delivered. Also, key to the company's success is its amazing band of volunteers.
The company takes seriously its responsibility to nurture, protect, and safeguard the welfare of all who are part of the many activities of the company, and in particular, the many children and young people who are part of our community as well as all our volunteers and staff.
We have a formal safeguarding policy and where appropriate our workers have completed enhanced disclosures by the Disclosure and Barring Service. We also have a formal health and safety policy covering activities undertaken.
Significant activities
This report covers the period of operation for the company from July 2021 through to June 2022. The primary objective for this period was to reopen services safely following COVID 19 all of which would be professionally delivered in and around The Well, Retford Baptist Church, Hospital Road, Retford. In doing so we aim to become known in and around town as a group of reliable, trustworthy and a committed people able to help when the community is in need.
A significant objective for the period was to continue to promote the facilities which were completed in early July 2009 as a place for the whole community. Many of these had had to close during the previous year and our objective was to reassess need and gradually reopen groups sometimes in a different way to which they had run before due to changing needs within the area.
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THE WELL COMMUNITY PROJECTS (REGISTERED NUMBER: 05861418)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022
ACHIEVEMENT AND PERFORMANCE
Charitable activities
This year had many challenges as like many other organisations we looked at how best we could serve our community as the world opened up, and restrictions were lifted following COVID 19. The Well Centre opened its doors again partially in July 2021 but still had very tight restrictions on social distancing, keeping the rooms and furnishings clean and safe, as well as working with a reduced workforce through the furlough system. One of our main focuses has been finding new ways to keep connected with those in the community who would normally have been involved in our groups run by the Community Projects. As a board we have been so aware of the priority to keep people safe and well throughout the year as well as seeing the great need for people to start socialising again and gain confidence in meeting.
o Blends Community Café Mondays 10.15-12.15 - During times when restrictions were lifted slightly, we organised a weekly Community coffee morning with a limited number each week to ensure social distancing was maintained at all times. The people attending were really appreciative of being able to see each other and have a safe place to visit outside of their homes. With staff returning from furlough, we were able to extend this service in October 2021 and numbers averaged 15. The name was changed to 'Coffee and Chat' and this replaced Blends Community Café. It was open from 11 - 12 noon each Monday. Sadly, a number of members of Blends had passed away or had to move into Care Homes whilst we had been closed but it has been good to see old faces back enjoying this time as well as welcoming new faces.
o Monday Lunch Mondays 12.30-1.15 - Monday Lunch club which had been closed for 18 months was able to reopen in October 21 when The Well's catering Team returned from furlough. Numbers to begin with were small as many of the elderly were still very cautious about socialising but gradually as the year progressed numbers grew and averaged 25 each week by t he end of this year.
o Baby Kingfishers Tuesdays 9.30-12 - This group has been open throughout the year having reopened in June 2021. To start with, under Government guidelines, we were only able to have 13 children and their adult at a session. To enable us to help more families in the area we split our group into two sessions with the first catering for 0-11 month olds and their adult, and the second one being for 1and 2 year olds and their adult. Both sessions were full from the start with the group working a booking in system with a waiting list. By September we were able to open up to more members and by June 2022 we had 40 0-11 month olds, and 48 1 and 2 year olds on the register with others on the waiting list. It has been so good to give mums and dads a safe place to bring their little ones and meet other parents in similar circumstances. Families attending have voiced their gratitude for how the group gave them confidence to start mixing again and give their child opportunities to learn to socialise again. Our enthusiastic team of volunteers serving the adults and chi ldren remain faithful and keen to serve the families for which we are very grateful.
o Operation Christmas Child Once again Autumn 2021 brought different challenges to how we acted as a Collection Point for Operation Christmas Child shoebox appeal. We still had to use various protocols and guideline to ensure the safety of the volunteers, visitors, and the boxes. We could not do any school visits or community group visits. However, we opened as a Collection point for OCC and by working with the local media and social media we were able to spread the word about the campaign so that people collect leaflets, shoeboxes and be able to still bring their boxes. We opened for three days and w e collected 820 shoeboxes.
o Debt Counselling Centre - supporting local people through debt problems in partnership with CAP (Christians Against Poverty). Bassetlaw District Council contribute towards our CAP Manager's salary for help with assisting their clients. We are grateful to Bassetlaw District Council for their financial support.
1 We have 19 clients on our books at present
2 Throughout July 2021 to June 2022 we have celebrated 2 families going debt free, all of which were Debt Relief Orders
3 We have been offering telephone appointments in the light of the prevalence of Covid but resumed face to face appointments for those clients who were happy to meet in person
4 In addition to delivering a debt counselling service, we aim to provide holistic support for our clients. So, we have supported our clients with various food shops, some of which our support workers were able to deliver
5 Through the Acts 4:35 charity, we were able to help 2 clients go debt free by providing the DRO fee, provide a food shop, purchase a fridge freezer for a single gentleman, a baby car seat for a single mother, gas and electric for a client and a cooker for a single mother
6 We shopped, packed and delivered Christmas hampers for 8 families with a fresh turkey, fresh vegetables, fruit and lots of other yummy food and treats, including Christmas crackers, napkins and a Christmas table cover
7 We also collected Christmas gifts from Cash for Kids Charity in Nottingham and wrapped them up for our Mums, Dads and children, with each child receiving about four gifts each. These were delivered in time for Christmas
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THE WELL COMMUNITY PROJECTS (REGISTERED NUMBER: 05861418)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022
o The Art Group reopened in September 2021 - The Art Group has enjoyed being able to meet in person to share ideas, techniques & chat again. Members have continued to produce paintings, drawings, pastel work and knitted or crocheted items. The group has decreased in size as a couple have not returned after our long lockdown break & a couple have mov ed out of the area. However, we continue to enjoy each other's company & work
o We are linked with several local organisations such as BCVS, Bassetlaw Action Centre and Retford Business Forum.
o Nottinghamshire Women's Aid - Once again we were able to support the work of Women's Aid in Bassetlaw. One of their staff came to our toy service to collect the toys and gifts, along with a financial donation. It was great to have members of our Community pop in to leave gifts as well as partners of The Well.
o Work experience - this year we were not able to partner with Remedi and Inspire Learning (Post 16) to help students or unemployed wit h work placements as we would have normally done.
o The Well Centre - At the start of the period of the report, many of the Centre's regular commercial and community hirers were not meeting in person but it has been good to see many return as the year progressed along with some new Community contacts. NHS blood donors, CGL, Slimming World, Weight Watchers , X-pert Health, MIND, The MS Society, U3A and Let's Sing - a group especially for those with Dementia are among those who have returned. The local MP Brendan Clarke-Smith also holds his monthly surgeries in the venue. Among new hirers we have welcomed a number of self-he lp groups and counsellors.
o We are part of the North Nottinghamshire Support Partnership . This is a multi-agency advice and support network for adults in Bassetlaw through a single point of access.
o We are members of the Bassetlaw Financial Inclusion Forum . This is a networking and information-sharing forum, convened by Bassetlaw District Council.
o We have had some of our previous activities close down since COVID 19 closure including Second Chance Cinema and The Comedy Club mainly due to other organisations within the town now holding similar events and covering the audience for these as well as shortage of team members to run the events.
COVID Fund Grant
We were chosen to receive two grants from Bassetlaw District Council and Notts County Council to help provide food parcels throughout the pandemic.
o We gave out 16 mini parcels, more as a thinking of you type gift
o Delivered food parcels to 46 families, and some of these families had up to 6 parcels over the 2 grants
o We also bought £485 worth of food and donated it to the Bridge Foodbank who estimated that this would have helped approx. 40 families
Highlights of the year
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820 shoe boxes were collected, checked, sealed and sent to Macedonia with Samaritan's Purse, Operation Christmas Child
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Being able to keep in contact with parents, families and users of The Well and partners in the community via social media and support groups
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seeing the continued work of CAP helping people become released from debt
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seeing the positive effect the Community Projects has had on the lives of the community folk through volunteering and helping other organisations throughout the pandemic and providing food parcels for those in need
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participating in the groups and activities run in the building and also to hear how community members have missed out from being unable to attend groups where they feel safe, welcomed and cared for
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THE WELL COMMUNITY PROJECTS (REGISTERED NUMBER: 05861418)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022
FINANCIAL REVIEW
Reserves policy
Funds were generated from the various organisations on a subscription basis as well as donations from individuals . in support of these organisations. A surplus/(deficit) of (£56) has been generated during the period from a total income of £29,107.
The main financial need has been for the Christian's Against Poverty (CAP) Centre Manager. The manager is employed for four days per week. Retford Baptist Church pays for one day, Bassetlaw District Council pays for two days and The Well Community Projects funds the fourth day through donations. The other income and expenditure for the company comes from donations and meals served to members of the community.
The Directors aim to ensure there are sufficient reserves are held to meet all liabilities of the company. Commitments are not made unless the Directors are satisfied the appropriate financial resources are available.
FUTURE PLANS
Financially donations have increased as groups have reopened which has meant that expenses to run the groups have been covered.
Due to problems with The Well Finance Team and accounts being delayed during this financial year the budget for 2022/2023 has not been set but this is now in hand and we will have a clearer picture of the way ahead by the New Year (2023). This will hopefully give us opportunities to open up new activities to serve our community including providing a 'Warm Place'. The Trustees and finance team are working closely together and carefully planning for various scenarios which we feel will need to be flexible and carefully monitored but at present the charity is financially sustainable going ahead into the new Financial year.
We remain very aware of our elderly, parents, vulnerable clients, and children and are keeping in contact with as many as possible to offer mental, emotional and spiritual support throughout this time as well as looking at new ways to serve our community.
As with all charities at this present time the impact of COVID is an unknown quantity especially as we go forward into the coming year, but through our networking links, staff, volunteers, careful planning and following Government guidelines we plan to reopen more activities as soon as possible.
We can match our income to our expenditure due to the way Community Projects operate, even when our income falls. The main salary is grant supported via CAP and Bassetlaw District Council so there is no real exposure to the cash position. We are hopeful there will be no further lockdowns but at present we are confident that we can manage that risk accordingly if it occurs
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The board of Directors is made up of the Trustees noted below. They retain direct responsibility for all legal and financial matters.
Recruitment and appointment of new trustees
Trustees are appointed by the members of the company. Trustees/Directors are required to retire by rotation at the AGM but may offer themselves for re-appointment if qualified and willing.
Risk management
The Trustees continue to monitor the major risks to which the charity is exposed, in particular to its operations and finances and are satisfied that systems are in place to mitigate our exposure to the major risks which are adequate and appropriate to the size of the charity and the nature of its operations.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05861418 (England and Wales)
Registered Charity number
1116491
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THE WELL COMMUNITY PROJECTS (REGISTERED NUMBER: 05861418)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022
Registered office
The Well Hospital Road RETFORD DN22 7BD
Trustees
Rev. J. Brewster (resigned 24.11.21) Rev. R. J. Warren M. J. Pinkerton (resigned 24.11.21) Mrs. J. A. Coulson Mrs. P. Howard (resigned 1.9.22) Rev. P. J. Everitt (appointed 14.2.22) Rev. D. A. Bean (appointed 28.6.22) Mrs. A. M. Pinkerton (appointed 28.6.22)
Company Secretary
Independent Examiner Miss. C. M Tams F.C.A Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL Bankers Yorkshire Bank plc 11 Smithy Row Nottingham NG9 1BS Solicitors Ellis-Fermor & Negus 2 Devonshire Avenure Beeston NOTTINGHAM NG9 1BS
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of The Well Community Projects for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
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THE WELL COMMUNITY PROJECTS (REGISTERED NUMBER: 05861418)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022
........................................................................ Mrs. J. A. Coulson - Trustee
Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WELL COMMUNITY PROJECTS (REGISTERED NUMBER: 05861418)
Independent examiner's report to the trustees of The Well Community Projects ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Miss. C. M Tams F.C.A Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL Date: .............................................
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THE WELL COMMUNITY PROJECTS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022
| 30.6.22 | 30.6.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 2 | 15,964 | 6,195 | 22,159 | 22,450 | |
| Charitable activities | ||||||
| Services Provided | 6,228 | 720 | 6,948 | 1,606 | ||
| Total | 22,192 | 6,915 | 29,107 | 24,056 | ||
| EXPENDITURE ON | ||||||
| Charitable activities | ||||||
| Services Provided | 22,248 | 6,915 | 29,163 | 28,502 | ||
| NET INCOME/(EXPENDITURE) | (56) | - | (56) | (4,446) | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 4,654 | - | 4,654 | 9,100 | ||
| TOTAL FUNDS CARRIED FORWARD | 4,598 | - | 4,598 | 4,654 |
The notes form part of these financial statements
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THE WELL COMMUNITY PROJECTS (REGISTERED NUMBER: 05861418)
BALANCE SHEET
30 JUNE 2022
| 30.6.22 | 30.6.21 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 7 | 554 | - | 554 | 39 |
| CURRENT ASSETS | |||||
| Debtors | 8 | 170 | - | 170 | 165 |
| Cash at bank and in hand | 12,955 | - | 12,955 | 17,702 | |
| 13,125 | - | 13,125 | 17,867 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 9 | (9,081) | - | (9,081) | (13,252) |
| NET CURRENT ASSETS | 4,044 | - | 4,044 | 4,615 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 4,598 | - | 4,598 | 4,654 | |
| NET ASSETS | 4,598 | - | 4,598 | 4,654 | |
| FUNDS | 11 | ||||
| Unrestricted funds | 4,598 | 4,654 | |||
| TOTAL FUNDS | 4,598 | 4,654 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
J. A. Coulson - Trustee
The notes form part of these financial statements
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THE WELL COMMUNITY PROJECTS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Incoming resources
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably. Where terms and conditions have not been met or uncertainty exists as to whether the charity can meet the terms or conditions otherwise within its control, the income is not recognised but deferred as a liability until it is probable that the terms or conditions imposed can be met. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
The management of the organisation is carried out without charge by volunteers. This intangible cost is not included in the statement of financial activities as there is no measurable cost to the volunteers for their service.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% Straight Line and 25% Straight Line Fixtures and fittings - 10% Straight Line
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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THE WELL COMMUNITY PROJECTS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 30.6.22 | 30.6.21 | |
| £ | £ | |
| Donations | 2,238 | 392 |
| Grants for core funding | 19,921 | 22,058 |
| 22,159 | 22,450 | |
| Grants received, included in the above, are as follows: | ||
| 30.6.22 | 30.6.21 | |
| £ | £ | |
| Retford Baptist Church | 13,726 | 13,800 |
| Notts County Council Covid fund | 3,162 | 5,453 |
| Other grants | 3,033 | 2,805 |
| 19,921 | 22,058 |
These amounts are being used to support and develop the services being offered by The Well Community Projects.
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 30.6.22 | 30.6.21 | |
|---|---|---|
| £ | £ | |
| Independent examiners fee | 600 | 540 |
| Depreciation - owned assets | 249 | 211 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 30.6.22 | 30.6.21 | |
|---|---|---|
| Direct Charitable | 1 | 1 |
No employees received emoluments in excess of £60,000.
Key management are considered to be the trustees.
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THE WELL COMMUNITY PROJECTS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 13,752 Charitable activities Services Provided 466 Total 14,218 EXPENDITURE ON Charitable activities Services Provided 18,664 NET INCOME/(EXPENDITURE) (4,446) RECONCILIATION OF FUNDS Total funds brought forward 9,100 TOTAL FUNDS CARRIED FORWARD 4,654 7. TANGIBLE FIXED ASSETS Plant and machinery £ COST At 1 July 2021 12,205 Additions 764 At 30 June 2022 12,969 DEPRECIATION At 1 July 2021 12,204 Charge for year 211 At 30 June 2022 12,415 NET BOOK VALUE At 30 June 2022 554 At 30 June 2021 1 |
Restricted funds £ 8,698 1,140 9,838 9,838 - - - Fixtures and fittings £ 5,627 - 5,627 5,589 38 5,627 - 38 |
Total funds £ 22,450 1,606 24,056 28,502 (4,446) 9,100 4,654 Totals £ 17,832 764 18,596 17,793 249 18,042 554 39 |
|---|---|---|
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THE WELL COMMUNITY PROJECTS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|---|
| 30.6.22 | 30.6.21 | ||||
| £ | £ | ||||
| Other debtors | 170 | 165 | |||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 30.6.22 | 30.6.21 | ||||
| £ | £ | ||||
| Trade creditors | 2 | - | |||
| Other creditors | 9,079 | 13,252 | |||
| 9,081 | 13,252 | ||||
| 10. | LEASING AGREEMENTS | ||||
| Minimum lease payments under non-cancellable operating leases fall due as follows: | |||||
| 30.6.22 | 30.6.21 | ||||
| £ | £ | ||||
| Within one year | 1,214 | 1,619 | |||
| Between one and five years | - | 1,214 | |||
| 1,214 | 2,833 | ||||
| 11. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.7.21 | in funds | 30.6.22 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 4,654 | (56) | 4,598 | ||
| TOTAL FUNDS | 4,654 | (56) | 4,598 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 22,192 | (22,248) | (56) | ||
| Restricted funds | |||||
| Debt counselling service | 720 | (720) | - | ||
| CAP | 2,178 | (2,178) | - | ||
| Notts County Council Covid fund | 3,162 | (3,162) | - | ||
| Other | 855 | (855) | - | ||
| 6,915 | (6,915) | - | |||
| TOTAL FUNDS | 29,107 | (29,163) | (56) |
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THE WELL COMMUNITY PROJECTS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.7.20 | in funds | 30.6.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 9,100 | (4,446) | 4,654 |
| TOTAL FUNDS | 9,100 | (4,446) | 4,654 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 14,218 | (18,664) | (4,446) |
| Restricted funds | |||
| Debt counselling service | 630 | (630) | - |
| CAP | 3,107 | (3,107) | - |
| Notts County Council Covid fund | 5,453 | (5,453) | - |
| Other | 648 | (648) | - |
| 9,838 | (9,838) | - | |
| TOTAL FUNDS | 24,056 | (28,502) | (4,446) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.7.20 | in funds | 30.6.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 9,100 | (4,502) | 4,598 |
| TOTAL FUNDS | 9,100 | (4,502) | 4,598 |
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THE WELL COMMUNITY PROJECTS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 36,410 | (40,912) | (4,502) |
| Restricted funds | |||
| Debt counselling service | 1,350 | (1,350) | - |
| CAP | 5,285 | (5,285) | - |
| Notts County Council Covid fund | 8,615 | (8,615) | - |
| Other | 1,503 | (1,503) | - |
| 16,753 | (16,753) | - | |
| TOTAL FUNDS | 53,163 | (57,665) | (4,502) |
The General Community Fund is available to be used by any of the projects being operated by The Well Community Projects.
Included in restricted funds is the following;
Donations were received for CAP during the year towards CAP job club.
Amounts received from ACTS 435 were allocated to the CAP debt counselling service to fund the purchase of furniture for beneficiaries.
Amounts received from Nottinghamshire County Council Covid fund to support vulnerable people affected by the pandemic by funding shopping for them to ensure they have food to eat.
Other restricted includes amounts related to The Shoe Box Appeal and Operation Christmas Child.
12.
EMPLOYEE BENEFIT OBLIGATIONS
The charity makes contributions into a defined contribution scheme for its employees. The amount charged to the Statement Of Financial Activities during the year was £319 (2021: £319). There were no pension amounts outstanding at the 30th June, 2022.
13. RELATED PARTY DISCLOSURES
Transactions and balances with related parties were as follows:
| Transaction Value | Balance due/ (owed ) | |
|---|---|---|
| at 30 June 2022 | ||
| £ | £ | |
| Donations from Retford Baptist Church | 13,726 | |
| Wages, social security and pension costs charges | ||
| from Retford Baptist Church | 18,302 | |
| Amounts outstanding owed to Retford Baptist Church | (6,326) |
Page 15
THE WELL COMMUNITY PROJECTS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022
| 30.6.22 | 30.6.21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 2,238 | 392 |
| Grants for core funding | 19,921 | 22,058 |
| 22,159 | 22,450 | |
| Charitable activities | ||
| Kingfishers | 2,498 | 242 |
| Grants | 720 | 1,140 |
| Other | 702 | 15 |
| Lunch club | 2,812 | 100 |
| Blends | 216 | 109 |
| 6,948 | 1,606 | |
| Total incoming resources | 29,107 | 24,056 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 16,860 | 16,860 |
| Social security | 1,123 | 1,114 |
| Pensions | 319 | 319 |
| Establishment costs | 467 | 180 |
| Project costs and equipment | 4,101 | 2,403 |
| Donations | 5,444 | 6,875 |
| Depreciation of tangible fixed assets | 249 | 211 |
| 28,563 | 27,962 | |
| Support costs | ||
| Governance costs | ||
| Independent examiners fee | 600 | 540 |
| Total resources expended | 29,163 | 28,502 |
| Net expenditure | (56) | (4,446) |
This page does not form part of the statutory financial statements
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