OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

Registration Number: 04351175

Charity Registration Number: 1132983

Wiveliscombe Area Partnership (a company limited by guarantee)

Trustees’ Report and Unaudited Financial Statements

31 March 2022

Wiveliscombe Area Partnership Contents

__________________

Legal and Administrative Information 1
Trustees’ Report 2 – 5
Independent Examiner’s Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Unaudited Financial Statements 9 - 16
Non-statutory pages 17

Wiveliscombe Area Partnership Legal and Administrative Information

Chair Mrs P Homeshaw
Deputy Chair Mr T Field
Trustees Mrs P Homeshaw
Mr A Smith (Company Secretary)
Mr R Barfield
Mr S Froud
Mr E East
Mr T Field
Mr C E Robertson
Mr S Forrester
Miss E Hurry (appointed 14 April 2021)
Registered Office Wiveliscombe House
The Square
Wiveliscombe
TA4 2JT
Solicitors Porter Dodson
The Quad, Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
Bankers National Westminster Bank PLC
12 Fore Street
Wellington
Somerset
TA21 8AL
The Charity Bank Limited
1 Fosse House
182 High Street
Tonbridge
TN9 1BE
Independent Examiner & Moore Scarrott Limited
Accountants Calyx House
South Road
Taunton
Somerset
TA1 3DU

Page 1

Wiveliscombe Area Partnership Trustees’ Report for the year ended 31 March 2022

The trustees, who are also directors for the purposes of the Companies Act 2006, present their report and the unaudited financial statements for the year ended 31 March 2022.

Structure, Governance and Management

The organisation is a charitable company limited by guarantee, incorporated on 10 January 2002 and registered as a charity on 25 November 2009 under the number 1132983.

The charity is governed by its Articles of Association adopted by Special Resolution on 29 February 2012, revising those adopted on 28 November 2009 when the charity was registered. Further revisions to the Articles of Association were made on 3 February 2016 and 9 August 2017.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS102).

The charity is a company limited by guarantee, the liability of the members in the event of a winding up being £1 each.

The charity is managed by the trustees who are also the members.

Objectives, Purpose and Activities

The objects of the charity are:

In these Objects, “the Area of Benefit” means the ten parishes comprising Ashbrittle, Bathealton, Brompton Ralph, Chipstable, Clatworthy, Fitzhead, Huish Champflower, Milverton, Stawley, Wiveliscombe, and the surrounding area.

Page 2

Wiveliscombe Area Partnership Trustees’ Report for the year ended 31 March 2022

Objectives, Purpose and Activities (continued)

The main activities undertaken for the public benefit to achieve these objects are:

The charity also seeks opportunities to raise awareness by holding regular fundraising events and providing support to individuals and other local organisations.

Organisational Structure

The day to day management of the charity is carried out by the trustees. The board of trustees (see page 1) are drawn from members with a broad range of knowledge and experience. Each trustee is appraised every three years from the date of appointment to confirm they are still suitable to serve. A number of trustees have served for more than 9 years as it is difficult to recruit new trustees with the necessary skills.

Trustees are formally elected at annual meetings as and when an individual puts themselves forward for election.

The trustees meet on a monthly basis to ensure that the objects of the charity continue to be met.

In addition to the trustees, the charity has approximately 38 volunteers of whom 33 are engaged as drivers for the Wivey Link community transport service, which operates four vehicles. Other volunteers are involved in providing administrative support.

Risk Factors

The board regularly review the risks to which the charity may be exposed and confirm that systems have been established to mitigate those risks.

The trustees meet on a regular basis to discuss the current funding position and ways to raise additional funds.

Volunteer drivers are assessed to determine whether they are suitable to drive for Wivey Link. Furthermore a training programme (including wheelchair training and First Aid) and regular driver meetings ensure that drivers are kept up to date.

Due to the nature of the service some passengers may be classed as vulnerable. A registration form is completed for each passenger and regular communication is maintained to ensure the physical and mental health of the passenger has not significantly changed. This ensures the drivers are aware of the health of each passenger to mitigate risk not only to the passenger but to themselves.

Various policies, including health and safety, disciplinary, safeguarding for adults and children and lone working are in place.

Page 3

Wiveliscombe Area Partnership Trustees’ Report for the year ended 31 March 2022

Achievements

Transport has been available for essential health appointments including vaccinations and was extended to include social and shopping trips once lockdown was lifted. Our focus has been on building back the business.

The community transport service covered 46,841 miles and provided 5,009 single passenger journeys. There are 592 registered passengers. The number of volunteer drivers has increased to 33. Volunteers (including trustees) gave a total of 11,348 hours in the year to the charity.

Having taken two of the vehicles off the road during the Coronavirus Pandemic the charity reviewed its vehicle stock and decided to sell the two older vehicles. These have been replaced with a low mileage, wheelchair modified vehicle and a new passenger vehicle. Both have had further modifications to enable easy access for less able passengers.

Since December 2020 the Community Office has been providing administrative support for the Town Centre Recovery Fund. This involves processing all income and expenditure transactions and providing 6 weekly progress reports to Somerset West and Taunton Council.

Financial Review

The accounts show a deficit for the year ended 31 March 2022 of £16,370, compared to a surplus of £24,026 in 2021.

Gross resources amounted to £122,327 (2021: £128,244).

Donations and bequests amounted to £10,087 (2021: £15,195). The Trustees would like to place on record their thanks to all who donated during this year.

The partnership funding received from Somerset West and Taunton Council have remained the same this year at £29,710, with a further £6,500 received from Wiveliscombe Town Council.

Fares continued to be affected by the Coronavirus pandemic and stand at £36,011 (2021: £23,824). These included £2,147 (2021: £1,369) relating to the Lister Link service.

In October 2018 the charity started claiming the Bus Service Operators Grant (BSOG) which refunds some of the duty on fuel. A total of £3,056 (2021: £2,990) was recovered for the year.

Total resources expended by WAP in the year amounted to £138,697 (2021: £104,218).

Charitable activity support costs decreased by £2,294 to £26,265 (2021: £28,559).

Prior to the 2020 year end the charity paid a non-refundable deposit of £8,132 for a new vehicle. Due to the Coronavirus and the uncertainty surrounding its impact the trustees made the decision to cancel the purchase of the vehicle. The supplier agreed to hold the deposit to use against future purchases and this amount has now been recovered in full against vehicle modifications carried out during the year.

Included within creditors are balances amounting to £4,440 (2021 : £4,440) relating to a community project run by a local individual. The charity provides administrative support for this project. Any money received on behalf of the individual is held separately to charity funds.

The charity continued to run the local Library in conjunction with Wiveliscombe Town Council and Somerset County Council. Total income was £12,506 (2021: £20,601), which included grants received of £10,100, donations of £700, book sales and overdue charges of £1,331 and Gift Aid income of £375.

The total costs associated with running the Library for the year were £12,796 (2021: £11.351).

Page 4

Wiveliscombe Area Partnership Trustees’ Report for the year ended 31 March 2022

Reserves and Investment Policy

The total funds held at 31 March 2022 amounted to £213,930 (2020: £229,161).

In addition to the amount held in the current account of £27,754 (2021: £57,580), which is retained for working capital purposes, the charity holds funds in a separate savings account held with Charity Bank, principally for vehicle replacement. The balance at 31 March 2022 was £66,688 (2021: £66,307). The Library account held funds of £14,782 (2021: £14,350).

In 2018 The charity transferred £50,000 into an Aviva Investment Portfolio to diversify funds and to establish long term core reserves in accordance with the investment policy. The fund grew by £1,139 during the year and the balance at 31 March 2022 was £57,438.

A key reason for holding reserves is that the main sources of support are annual grants received from Somerset West and Taunton Council, Wiveliscombe Town Council and other Parishes in the Area of Benefit. In 2022, these amounted to £36,210 (2021: £36,210). These grants are reviewed by the Councils on an annual basis and the trustees cannot guarantee each year that the grants will be received. The trustees, therefore, feel it is imperative to hold funds amounting to approximately two years of core grant funding in order to continue to meet the charity’s objectives if the grants were to cease. This is considered to give the trustees sufficient time to seek alternative methods of funding. The trustees review this policy annually.

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the Annual Report and Financial Statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year.

In preparing those financial statements, the trustees are required to:

The trustees confirm that they have complied with the above requirements in preparing the financial statements.

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy the financial position of the charitable company and which enable them to ensure that the financial statements comply with 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.

Small Company Provisions

This report has been prepared in accordance with the Statement of Recommended Practice – Accounting Reporting Charities and in accordance with the special provisions of Part VII of the Companies Act 2006 relating to small entities.

Approved by the Board on 30 November 2022 and signed on its behalf by:

Mrs P Homeshaw Chair

Page 5

Wiveliscombe Area Partnership Independent Examiner’s Report to the Trustees of Wiveliscombe Area Partnership for the year ended 31 March 2022

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2022 which are set out on pages 7 to 16

Responsibilities and basis of report

As the charity 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 company’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.

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

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 that in any material respect:

  1. 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

  2. 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

  3. 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.

Duncan Nicholas FCA

Moore Scarrott Limited Calyx House South Road Taunton Somerset TA1 3DU

Date: 20 December 2022

Page 6

Wiveliscombe Area Partnership Statement of Financial Activities for the year ended 31 March 2022

Note
INCOMING RESOURCES
Income and endowments from:
Grants, donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
Total
RESOURCES EXPENDED
Expenditure on raising funds
5
Charitable activities:
Community Office
6
Wivey Link
6
Library
6
10 Parishes Festival
6
Street Market
6
Total
NET INCOME/
(EXPENDITURE) BEFORE
INVESTMENT GAINS/
(LOSSES)
Net gains/(losses) on investments
10
NET INCOME/ (EXPENDITURE)
Transfers between funds
14
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
14
TOTAL FUNDS CARRIED
FORWARD
14		 Unrestricted
funds
£
54,335
44,883
1,722
381
101,321
216
31,241
80,119
-
9,310
2,982
123,868
(22,547)
1,139
(21,408)
(12,633)
(34,041)
226,722
192,681		 Restricted
funds
£
19,675
1,331
-
-
21,006
-
-
2,033
12,796
-
-
14,829
6,177
-
6,177
12,633
18,810
2,439
21,249		 Total funds
2022
£
74,010
46,214
1,722
381
122,327
216
31,241
82,152
12,796
9,310
2,982
138,697
(16,370)
1,139
(15,231)
-
(15,231)
229,161
213,930		 Total funds
2021
£
102,850
24,004
950
440
128,244
199
32,435
60,233
11,351
-
-
104,218
24,026
9,219
33,245
-
33,245
195,916
229,161

The charity has no recognised gains or losses for the year other than the results above.

The notes on pages 9 to 16 form part of these financial statements

Page 7

Wiveliscombe Area Partnership Balance Sheet (Company registration number 04351175) as at 31 March 2022

Note
FIXED ASSETS
Tangible assets
9
Investments
10
CURRENT ASSETS
Stock
Debtors
11
Cash at bank and in and
CREDITORS
Creditors falling due within one year
12
NET CURRENT ASSETS
Creditors falling due after one year
13
TOTAL NET ASSETS
REPRESENTED BY:
Unrestricted Funds:
General funds
14
Wivey House Remediations
14
Restricted Funds:
Library
14
Vehicle Modifications
14
Library Remediations
14
Wivey Link
14
TOTAL CHARITY FUNDS		 31 March 2022
£
£
48,369
57,438
105,807
227
7,224
109,340
116,791
(8,668)
108,123
-
213,930
192,181
500
192,681
14,782
3,967
2,500
-
21,249
213,930		 31 March 2021
£
£
31,381
56,299
87,680
246
16,927
138,317
155,490
(10,009)
145,481
(4,000)
229,161
226,722
-
226,722
15,072
-
-
(12,633)
2,439
229,161		 31 March 2021
£
£
31,381
56,299
87,680
246
16,927
138,317
155,490
(10,009)
145,481
(4,000)
229,161
226,722
-
226,722
15,072
-
-
(12,633)
2,439
229,161
227
7,224
109,340		 246
16,927
138,317
116,791
(8,668)		 155,490
(10,009)
192,181
500		 226,722
-
229,161
226,722
2,439
14,782
3,967
2,500
-		 15,072
-
-
(12,633)
229,161

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

For the year ended 31 March 2022 the Trustees are satisfied that the company was entitled to exemption from the provisions of the Companies Act 2006 under Section 477 relating to the audit of the financial statements.

The members have not required the company to obtain an audit in accordance with Section 476 of the Act.

The trustees acknowledge their responsibilities for:

Approved by the Board of Trustees on 30 November 2022

And signed on its behalf by:

Mrs P Homeshaw Chair

The notes on pages 9 to 16 form part of these financial statements

Page 8

Wiveliscombe Area Partnership Notes to the Unaudited Financial Statements for the year ended 31 March 2022

1. Accounting Policies

(a) Basis of preparation

The financial statements have been prepared under the historical cost convention in accordance with 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 (FRS102), the Charities Act 2011 and the Companies Act 2006.

Wiveliscombe Area Partnership meets the definition of a Public Benefit Entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

(b) Donations, legacies and similar incoming resources

All donations, legacies and similar incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.

(c) Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Grants payable are payments made to third parties in the furtherance of the charitable objects of the charity. Provisions for grants are made when the intention to make the grant has been communicated to the recipient.

(d) Allocation of overhead and support costs

Overhead and support costs have been allocated between charitable activity. Costs relating to Charitable Activities have been apportioned on the basis of an assessment of the proportion of work done in respect of Charitable Activities and are detailed in notes 6 and 7. The trustees review this apportionment on a regular basis.

(e) Depreciation

Depreciation has been provided by the company to write off the cost of tangible assets over their estimated useful economic lives at the following rates:

Motor Vehicles 25% straight line basis Office Equipment 30% on the reducing balance

(f) Funds

Unrestricted funds represent unrestricted income which is expendable at the discretion of the Trustees in furtherance of the objectives of the charity.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor, or trust deed.

g) Investments

Fixed asset investments are included at market value at the balance sheet date.

Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the statement of financial activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are charged or credited to the statement of financial activities based on the market value at the year end.

Page 9

Wiveliscombe Area Partnership Notes to the Unaudited Financial Statements for the year ended 31 March 2022

2. Grants, donations and legacies

Donations
SWT – Partnership Funding
SWT – Vehicle Modifications
SWT – Covid 19
WTC – Service Level Agreement
WTC – Library Management
WTC – Rent
WTC – Library Administration
Somerset Community Foundation –
Vehicle Modifications
Somerset Community Foundation –
Covid 19
Coronavirus Job Retention Scheme
SCC – Remediation
Bus Service Operators Grant
Tax recovered under Gift Aid
3. Charitable activities
Wivey Link
Library
10 Parishes Festival
Street Market
4. Other trading activities
Room hire
Book sales
Printing, photocopying and lamination
Umbrella Sales
Other sales
5. Expenditure on raising funds
Items purchased for resale
Advertising		 Unrestricted
Funds
£
9,387
29,710
-
500
4,000
-
-
-
-
-
7,437
-
3,056
245
54,335
Unrestricted
Funds
£
36,011
-
6,757
2,115
44,883
Unrestricted
Funds
£
754
429
406
-
133
1,722
Unrestricted
Funds
£
216
-
216		 Restricted
Funds
£
700
-
1,000
-
-
4,000
3,600
2,500
5,000
-
-
2,500
-
375
19,675
Restricted
Funds
£
-
1,331
-
-
1,331
Restricted
Funds
£
-
-
-
-
-
-
Restricted
Funds
£
-
-
-		 2022
£
10,087
29,710
1,000
500
4,000
4,000
3,600
2,500
5,000
-
7,437
2,500
3,056
620
74,010
2022
£
36,011
1,331
6,757
2,115
46,214
2022
£
754
429
406
-
133
1,722
2022
£
216
-
216		 2021
£
15,195
29,710
-
29,250
4,000
4,000
3,321
2,500
-
3,500
7,071
-
2,990
1,313
102,850
2021
£
23,824
180
-
-
24,004
2021
£
475
111
-
134
230
950
2021
£
129
70
199

Page 10

Wiveliscombe Area Partnership Notes to the Unaudited Financial Statements for the year ended 31 March 2022

6. Charitable activities

Vehicle running costs
Vehicle insurance
Festival guide and website
Equipment hire
Musicians
Other event costs
Town Hall loan write off
Wages and salaries
Rent
Light, heat and water
Insurance
Repairs and maintenance
Cleaning
Telephone
Computer costs
Sundries
Advertising
Legal and professional fees
Bank charges
Bad debts written off
Depreciation
(Profit)/loss on disposal of fixed
assets
Allocated support costs (note 7)		 Community
Office
£
-
-
-
-
-
-
2,000
17,323
-
-
-
-
-
-
-
-
-
-
-
-
-
-
19,323
11,918
31,241		 Wivey Link
£
17,183
3,549
-
-
-
-
-
24,000
-
-
-
-
-
87
1,704
434
313
-
-
102
20,913
(480)
67,805
14,347
82,152		 Library
£
-
-
-
-
-
-
-
2,500
3,600
2,098
45
2,384
1,704
398
14
18
-
-
35
-
-
-
12,796
-
12,796		 10 Parishes
Festival
£
-
-
1,912
-
-
2,893
-
-
-
-
-
-
-
-
-
-
4,505
-
-
-
-
-
9,310
-
9,310		 Street Market
£
-
-
-
1,423
1,000
469
-
-
-
-
-
-
-
-
-
-
90
-
-
-
-
-
2,982
-
2,982		 2022
£
17,183
3,549
1,912
1,423
1,000
3,362
2,000
43,823
3,600
2,098
45
2,384
1,704
485
1,718
452
4,908
-
35
102
20,913
(480)
112,216
26,265
138,481

Page 11

Wiveliscombe Area Partnership Notes to the Unaudited Financial Statements for the year ended 31 March 2022

6. Charitable activities (continued)

Vehicle running costs
Vehicle insurance
Festival guide and website
Equipment hire
Musicians
Other event costs
Town Hall loan write off
Wages and salaries
Rent
Light, heat and water
Insurance
Repairs and maintenance
Cleaning
Telephone
Computer costs
Sundries
Advertising
Legal and professional fees
Bank charges
Bad debts written off
Depreciation
(Profit)/loss on disposal of fixed
assets
Allocated support costs (note 7)		 Community
Office
£
-
-
-
-
-
-
-
19,579
-
-
-
-
-
-
-
-
-
-
-
-
-
-
19,579
12,856
32,435		 Wivey Link
£
10,106
2,878
-
-
-
-
-
23,850
-
-
-
-
-
-
-
-
-
-
-
-
9,946
(2,250)
44,530
15,703
60,233		 Library
£
-
-
-
-
-
-
-
2,500
3,321
1,378
-
971
1,287
355
-
-
-
1,520
19
-
-
-
11,351
-
11,351		 10 Parishes
Festival
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Street Market
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2021
£
10,106
2,878
-
-
-
-
-
45,929
3,321
1,378
-
971
1,287
355
-
-
-
1,520
19
-
9,946
(2,250)
75,460
28,559
104,019

Page 12

Wiveliscombe Area Partnership Notes to the Unaudited Financial Statements for the year ended 31 March 2022

7. Support costs

Rent
50:50
Light, heat and water
50:50
Insurance
50:50
Repairs and maintenance
50:50
Cleaning
50:50
Telephone
30:70
Computer costs
40:60
Printing, postage and
stationery
30:70
Sundries
50:50
Advertising
50:50
Bookkeeping
50:50
Accountancy fees
50:50
Bank charges
50:50
Depreciation
50:50
. Staff costs
Salaries and wages
Staff pensions
The average number of employees was
The average number of FTE employees		 Community
Office
£
4,200
780
1,050
529
43
987
451
665
202
125
1,460
1,015
56
355
11,918

was		 Wivey Link
£
4,200
780
1,050
529
43
2,303
677
1,552
202
125
1,460
1,015
56
355
14,347		 2022
£
8,400
1,560
2,100
1,058
86
3,290
1,128
2,217
404
250
2,920
2,030
112
710
26,265
2022
£
43,301
522
43,823
2022
No.
4
2		 2021
£
8,400
1,517
2,701
2,239
35
3,808
2,520
1,531
620
100
2,588
1,807
86
607
28,559
2021
£
45,407
522
45,929
2021
No.
4
2

8. Staff costs

No remuneration or other benefits from the charity were received by the trustees during the current or preceding year. The charity has not met any individual expenses incurred by the trustees during the current or preceding year.

9. Tangible fixed assets

Cost at 1 April 2021
Additions
Disposals at cost
Cost at 31 March 2022
Depreciation
As at 1 April 2021
For the year
Eliminated on disposal
As at 31 March 2022
Net book value as at 31 March 2022
Net book value as at 31 March 2021		 Motor
Vehicles
£
81,281
38,611
(25,055)
94,837
51,444
20,913
(25,055)
47,302
47,535
29,837		 Office
Equipment
£
18,254
-
-
18,254
16,710
710
-
17,420
834
1,544		 Total
£
99,535
38,611
(25,055)
113,091
68,154
21,623
(25,055)
64,722
48,369
31,381

Page 13

Wiveliscombe Area Partnership Notes to the Unaudited Financial Statements for the year ended 31 March 2022

10. Investments

Aviva Investment Portfolio
Cost or valuation
At 1 April 2021
Change in fair value
At 31 March 2022
Historical cost as at 31 March		 2022
£
57,438
56,299
1,139
57,438
50,000		 2021
£
56,299
47,080
9,219
56,299
50,000

All investment assets are held in funds based in the UK. The funds invest a proportion in to overseas assets. Listed investments are stated at market value.

11. Debtors

Trade debtors
Other debtors and prepayments
12. Creditors falling due within one year
Trade creditors
Accruals and deferred income
Other creditors
13. Creditors falling due after one year
Other creditors		 2022
£
1,609
5,615
7,224
2022
£
1,938
2,290
4,440
8,668
2022
£
-		 2021
£
1,570
15,357
16,927
2021
£
822
1,700
7,487
10,009
2021
£
4,000

Page 14

Wiveliscombe Area Partnership Notes to the Unaudited Financial Statements for the year ended 31 March 2022

14. Analysis of charitable funds

Unrestricted Funds
General
Wivey House Remediations
Total Unrestricted Funds
Restricted Funds
Library
Vehicle Modifications
Library Remediations
Wivey Link
Total Restricted Funds
Total Funds		 At 1 April
2021
£
226,722
-
226,722
15,072
-
-
(12,633)
2,439
229,161		 Incoming
resources
£
101,321
-
101,321
12,506
6,000
2,500
-
21,006
122,327		 Resources
expended
£
(123,868)
-
(123,868)
(12,796)
(2,033)
-
-
(14,829)
(138,697)		 Transfers
£
(13,133)
500
(12,633)
-
-
-
12,633
12,633
-		 Gains and
Losses
£
1,139
-
1,139
-
-
-
-
-
1,139		 At 31 March
2022
£
192,181
500
192,681
14,782
3,967
2,500
-
21,249
213,930

A transfer of £12,633 has been made from general reserves to clear the opening deficit on the Wivey Link fund.

£500 has been transferred to the Wivey House Remediations designated fund to be set aside for remediation work at Wiveliscombe House

Page 15

Wiveliscombe Area Partnership Notes to the Unaudited Financial Statements For the Year Ended 31 March 2022

15. Analysis of net assets between funds

Tangible Fixed Assets
Investments
Net Current Assets
Tangible Fixed Assets
Investments
Net Current Assets
Creditors falling due after one year		 Unrestricted
Funds
£
44,402
57,438
90,841
192,681
Unrestricted
Funds
£
1,076
56,299
173,347
(4,000)
226,722		 Restricted
Funds
£
3,967
-
17,282
21,249
Restricted
Funds
£
30,305
-
(27,866)
-
2,439		 As at 31 Mar
2022
£
48,369
57,438
108,123
213,930
As at 31 Mar
2021
£
31,381
56,299
145,481
(4,000)
229,161

16. Reconciliation of net movement in funds to net cash flows

Net movement in funds
Purchase of fixed assets
Sale of fixed assets
Depreciation of fixed assets
Profit on sale of fixed assets
Net (gains)/losses on investments
(Increase)/decrease in stock
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Increase / (reduction) in bank balances		 2022
£
(15,231)
(38,611)
480
21,623
(480)
(1,139)
19
9,703
(5,341)
(28,977)		 2021
£
33,245
-
2,250
10,553
(2,250)
(9,219)
(41)
(982)
4,840
38,396

17. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under the Companies Act 2006.

18. Liability of members

The charity is a company limited by guarantee. In the event of the company being wound up the liability of the existing members and those ceasing their membership within one year prior to the winding up is limited to £1.

19. Taxation

The charity is exempt from corporation tax on its charitable activities.

Page 16

Wiveliscombe Area Partnership Detailed Statement of Financial Activities - Library For the Year Ended 31 March 2022

INCOMING RESOURCES
Donations
SWT – Covid 19
Wiveliscombe Town Council - Library Management
Wiveliscombe Town Council - Rent
Wiveliscombe Town Council - Library Administration
Tax recovered under Gift Aid
Library - Normal Income/Overdue Charges
RESOURCES EXPENDED
Wages and salaries
Rent
Light, heat and water
Insurance
Repairs and maintenance
Cleaning
Telephone
Computer costs
Sundries
Legal and professional fees
Bank charges
NET INCOME/ (EXPENDITURE)
Funds brought forward
FUNDS CARRIED FORWARD		 2022
£
700
-
4,000
3,600
2,500
375
1,331
12,506
2,500
3,600
2,098
45
2,384
1,704
398
14
18
-
35
12,796
(290)
15,072
14,782		 2021
£
600
10,000
4,000
3,321
2,500
-
180
20,601
2,500
3,321
1,378
-
971
1,287
355
-
-
1,520
19
11,351
9,250
5,822
15,072

This page does form part of the statutory financial statements Page 17