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 2023
FOR
THE WELL COMMUNITY PROJECTS
THE WELL COMMUNITY PROJECTS
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | to | 14 |
THE WELL COMMUNITY PROJECTS (REGISTERED NUMBER: 05861418)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
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 2023. 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:
- Provision of a place to meet for parents/carers and young children, the elderly, and those with dementia and their carers - 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 2022 through to June 2023. The primary objective for this period was to professionally deliver services in and around The Well, Retford Baptist Church, Hospital Road, Retford. In doing so we aim to continue being known in and around town as a group of reliable, trustworthy, and 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 safe, and welcoming place for the whole community.
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THE WELL COMMUNITY PROJECTS (REGISTERED NUMBER: 05861418)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Well Centre opened its doors again partially in July 2021 following COVID 19 and this year from July 22 - June 23 we have still ensured that keeping the rooms and furnishings clean and safe for all has remained a priority. 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 are pleased to have had the priority to keep people safe and well throughout the year as well as seeing people socialising again and continue gaining confidence in meeting face to face.
o Coffee and Chat Mondays 11-12 - Opens from 11 - 12 noon each Monday. This is an opportunity for people finding life isolating and lonely to pop in and enjoy meeting others in similar situations. Although not many make use of the facility it proves very important to those who do come.
o Monday Lunch Mondays 12.30-1.15 & Wednesday 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. At the start of this year we were still running Luncheon Club on a Monday with an average attendance of 40 and in September 22 we were able to open a second luncheon club on a Wednesday which over the year has proved a real asset to both regular Monday attendees as well as new people. Over the year the luncheon club has catered for lonely, vulnerable, dementia sufferers and their carers as well as some people being signposted through Social prescribing. Monday's luncheon club regularly caters for 50 people while the Wednesday one sees around 25/30 attending. At Christmas 2022 the catering team served Christmas dinner to 65 people which was subsidised by money received from the Sir Stuart Goodwin fund which was given to help the elderly and vulnerable.
o Baby Kingfishers Tuesdays 9.30-12 - This group has been open throughout the year meeting on a Tuesday. In July 22 we were running two groups each Tuesday morning. The first group caters for 0-11 month olds and their adult and has 40 on the register. The second group is for 1 and 2 year olds and their adult and has 50 children on the register with a waiting list. In February 23 we opened a third session on a Tuesday afternoon catering for 0, 1 and 2 year olds and at the end of June had 30 children on the register. 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. Some see it as a lifeline and appreciate the love and care they receive week by week.
At Christmas we were able to provide a party for 80 children and 100 adults with food and a gift for each. During the summer of 22 we met informally in the local park to ensure we kept in contact with the families.
Our enthusiastic team of volunteers serving the adults and children remain faithful and keen to serve the families for which we are very grateful.
o Operation Christmas Child Once again in Autumn 2022 we acted as a Collection Point for Operation Christmas Child Shoebox Appeal. This year we were able to help in schools and various groups with assemblies and talks. We worked with the local media and social media and were able to spread the word about the campaign throughout Bassetlaw. This enabled people to collect leaflets, empty shoeboxes from the Well and then they were able to bring their filled shoeboxes into our Collection point which was open for three days in November. The total number of shoeboxes collected in 2022 was 778. These were sent to Belarus to be distributed to Ukrainian children who had sought shelter there.
o CAP (Christians Against Poverty) - At The Well there is a Debt Counselling Centre -supporting local people through debt problems in partnership with CAP (Christians Against Poverty). Bassetlaw District Council contributes towards our CAP Manager's salary for help with assisting their clients. We are grateful to Bassetlaw District Council for their financial support.
Following the Covid outbreak, the Debt Service has now returned to normal, in that the majority of the visits, if not all, are taking place face to face, unless the client requests otherwise. There were 15 clients seen during the July 2022- June 23 period. There are 28 clients on the books at present.
Throughout this period four families have gone debt free through Debt Relief Orders. In addition to delivering a debt counselling service, there is also the aim to provide holistic support for the clients. So, the clients have been supported with various food shops, some of which the volunteer support workers were able to deliver.
Through the Acts 4:35 charity the following were helped: two clients were able to go debt free by providing the DRO fee, a food shop was provided and school uniforms were purchased.
o The Art Group - 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 seen an increase in numbers over the year and we continue to enjoy each other's company & work.
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THE WELL COMMUNITY PROJECTS (REGISTERED NUMBER: 05861418)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
o A Warm Space - We were able to develop a Warm Spaces project at the Well. The church building was opened once a week for those struggling to heat their homes in the winter. This ran from November 2022 to the end of March 2023. We provided a safe, warm place for families to attend, play games, watch a film and be given a hot meal and drink. After a slow start more families used this facility and over the 5 months we were able to cover 151 adults and 198 children.
o We are linked with several local organisations such as BCVS, Bassetlaw Action Centre, Bassetlaw District Council 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 to help students or unemployed with work placements.
o The Well Centre - It has been good to use our premises to help promote the work of various community, voluntary and statutory groups both by advertising their services as well hiring out rooms to them for their meetings. NHS blood donors, CGL, Slimming World, Weightwatchers , X-pert Health, MIND, The MS Society, APTCO (youth with learning difficulties), Autism (AEM), U3A and Let's Sing - a group especially for those with Dementia continued to partner with us. Among new hirers we have welcomed Fun and Fitness, a sewing group, Choose to Lose, BDC Tenants and residents, Rampton Hospital, Your health/Your way and various self-help groups including 'In Sam's Name' and counselling groups. We also acted as a Polling Station and helped as a venue for pupils struggling with GCSEs in the school setting.
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.
Highlights of the year
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778 shoe boxes were collected, checked, sealed and sent to Belarus for Ukrainian refugees 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 as well as face to face;
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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 people through volunteering and providing a Warm Space;
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participating in the groups and activities run in the building and hearing how the people of Bassetlaw attend groups where they feel safe, welcomed and cared for.
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 of £5,219 has been generated during the period from a total income of £38,062.
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. From March 2023 there has been another part time employee for Christian's Against Poverty who is fully funded by Retford Baptist Church. 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.
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THE WELL COMMUNITY PROJECTS (REGISTERED NUMBER: 05861418)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
FUTURE PLANS
Due to problems with The Well Finance Team and accounts being delayed it has taken this year to bring everything up-to-date. The Trustees and finance team have worked closely together and carefully planned for various scenarios which we feel need to be flexible and carefully monitored but at present the charity is financially sustainable going ahead into the new Financial year. We are delighted to know that for the coming year we have new book keepers in place and budgets have been set giving a clear picture of our financial standing to enable us to plan ahead more affectively.
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.
We go forward into the coming year, knowing that through our networking links, staff, volunteers and careful planning we can consider opening more activities for the residents of Retford and Bassetlaw.
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 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
Registered office
The Well Hospital Road RETFORD DN22 7BD
Trustees
Rev. R. J. Warren Mrs. J. A. Coulson Mrs. P. Howard (resigned 1.9.22) Rev. P. J. Everitt Rev. D. A. Bean (resigned 18.7.23) Mrs. A. M. Pinkerton Mrs. T Chapman (appointed 1.2.23) (resigned 10.10.23) Ms. M Marshall (appointed 10.10.23) A L Keeling (appointed 21.1.24)
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THE WELL COMMUNITY PROJECTS (REGISTERED NUMBER: 05861418)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary
Independent Examiner
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
-
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:
.......................................................................... Mrs. J. A. Coulson - Trustee
Page 5
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 2023.
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.
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 2023
----- Start of picture text -----
30.6.23 30.6.22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 16,778 9,453 26,231 22,159
Charitable activities
Services Provided 16,203 985 17,188 6,948
Total 32,981 10,438 43,419 29,107
EXPENDITURE ON
Charitable activities
Services Provided 27,762 10,438 38,200 29,163
-
NET INCOME/(EXPENDITURE) 5,219 5,219 (56)
RECONCILIATION OF FUNDS
-
Total funds brought forward 4,598 4,598 4,654
TOTAL FUNDS CARRIED FORWARD 9,817 - 9,817 4,598
----- End of picture text -----
The notes form part of these financial statements
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THE WELL COMMUNITY PROJECTS (REGISTERED NUMBER: 05861418)
BALANCE SHEET 30 JUNE 2023
----- Start of picture text -----
30.6.23 30.6.22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 7 837 - 837 554
CURRENT ASSETS
Debtors 8 161 - 161 170
Cash at bank and in hand 17,423 - 17,423 12,955
-
17,584 17,584 13,125
CREDITORS
Amounts falling due within one year 9 (8,604) - (8,604) (9,081)
NET CURRENT ASSETS 8,980 - 8,980 4,044
TOTAL ASSETS LESS CURRENT LIABILITIES 9,817 - 9,817 4,598
NET ASSETS 9,817 - 9,817 4,598
FUNDS 11
Unrestricted funds 9,817 4,598
TOTAL FUNDS 9,817 4,598
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 2023
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 2023
2. DONATIONS AND LEGACIES
----- Start of picture text -----
||||
|---|---|---|
|30.6.23|30.6.22|
|£|£|
|Donations|1,751|2,238|
|Grants for core funding|24,480|19,921|
|26,231|22,159|
|Grants received, included in the above, are as follows:|
|30.6.23|30.6.22|
|£|£|
|Retford Baptist Church|15,326|13,726|
|-|
|Notts County Council Covid fund|3,162|
|Other grants|9,154|3,033|
|24,480|19,921|
----- End of picture text -----
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):
----- Start of picture text -----
||||
|---|---|---|
|30.6.23|30.6.22|
|£|£|
|Independent examiners fee|660|600|
|Depreciation - owned assets|387|249|
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4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
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||||
|---|---|---|
|30.6.23|30.6.22|
|Direct Charitable|1|1|
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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 2023
----- Start of picture text -----
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 15,964 6,195 22,159
Charitable activities
Services Provided 6,228 720 6,948
Total 22,192 6,915 29,107
EXPENDITURE ON
Charitable activities
Services Provided 22,248 6,915 29,163
-
NET INCOME/(EXPENDITURE) (56) (56)
RECONCILIATION OF FUNDS
-
Total funds brought forward 4,654 4,654
TOTAL FUNDS CARRIED FORWARD 4,598 - 4,598
7. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST
At 1 July 2022 12,969 5,627 18,596
Additions - 670 670
At 30 June 2023 12,969 6,297 19,266
DEPRECIATION
At 1 July 2022 12,415 5,627 18,042
Charge for year 253 134 387
At 30 June 2023 12,668 5,761 18,429
NET BOOK VALUE
At 30 June 2023 301 536 837
At 30 June 2022 554 - 554
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THE WELL COMMUNITY PROJECTS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
----- Start of picture text -----
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Other debtors 161 170
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Trade creditors 2 2
Other creditors 8,602 9,079
8,604 9,081
10. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£ £
-
Within one year 1,214
11. MOVEMENT IN FUNDS
Net
movement At
At 1.7.22 in funds 30.6.23
£ £ £
Unrestricted funds
General fund 4,598 5,219 9,817
TOTAL FUNDS 4,598 5,219 9,817
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 32,981 (27,762) 5,219
Restricted funds
Debt counselling service 985 (985) -
CAP 887 (887) -
-
Warm Spaces Provision 7,625 (7,625)
Other 941 (941) -
-
10,438 (10,438)
TOTAL FUNDS 43,419 (38,200) 5,219
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THE WELL COMMUNITY PROJECTS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.7.21 £ Unrestricted funds General fund 4,654 |
Net movement in funds £ (56) |
At 30.6.22 £ 4,598 |
|---|---|---|
| TOTAL FUNDS 4,654 |
(56) | 4,598 |
| Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 22,192 Restricted funds Debt counselling service 720 CAP 2,178 Notts County Council Covid fund 3,162 Other 855 |
Resources expended £ (22,248) (720) (2,178) (3,162) (855) |
Movement in funds £ (56) - - - - |
| 6,915 | (6,915) | - |
| TOTAL FUNDS 29,107 |
(29,163) | (56) |
A current year 12 months and prior year 12 months combined position is as follows:
| At 1.7.21 £ Unrestricted funds General fund 4,654 |
Net movement At in funds 30.6.23 £ £ 5,163 9,817 |
|---|---|
| TOTAL FUNDS 4,654 |
5,163 9,817 |
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THE WELL COMMUNITY PROJECTS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
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:
| Unrestricted funds General fund Restricted funds Debt counselling service CAP Notts County Council Covid fund Warm Spaces Provision Other |
Incoming Resources resources expended £ £ 55,173 (50,010) 1,705 (1,705) 3,065 (3,065) 3,162 (3,162) 7,625 (7,625) 1,796 (1,796) |
Movement in funds £ 5,163 - - - - - |
|---|---|---|
| 17,353 (17,353) |
- | |
| TOTAL FUNDS | 72,526 (67,363) |
5,163 |
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 and from ACTS 435 during the year are towards CAP job club and CAP debt counselling service.
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.
Amounts received from Bassetlaw District Council related to a warm spaces provision.
Other restricted includes amounts related to the Shoe Box Appeal.
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 £326 (2022: £319). There were no pension amounts outstanding at the 30th June, 2023.
13. RELATED PARTY DISCLOSURES
Transactions and balances with related parties were as follows:
| Transaction Value | Balance due/ (owed) | |
|---|---|---|
| at 30 June 2023 | ||
| £ | £ | |
| Donations from Retford Baptist Church | 15,326 | |
| Wages, social security and pension costs charges from | ||
| Retford Baptist Church | 19,959 | |
| Utility recharges from Retford Baptist Church | 5,357 | |
| Amounts outstanding owed to Retford Baptist Church | (5,491) |
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