2023-03-31-accounts

Lega! and Adm!nistrat!ve lnformat!on	1
Trustees' Report	2-5
!ndependent Examinees Report	6
F!nanc!al؛؛v¡l¡es Ac 0؛Sla؛ement	7
Balance Sheet	8
Notes to the Unaudited Financial Statements	9-15
Non-statuto؟pages	16

Chair	MrsPH.meshaw
Deputy Chair	Mr T Field
Trustees	MrsPHomeshaw
	Mr A Smith (Company Secretary)
	Mr R Barfield
	Mr E East (resigned 30 November 2022)
	Mr T Field
	Mr s Forrester (resigned 30 November 2022)
	Mr s Froud (resigned 12 April 2023)
	Miss E Hur^
	Mr A Measures (appointed 30 November 2022)
	Mr A Michle (appointed 30 November 2022)
	Mr CE Robertson
Registered Office	Wiveliscombe House
	The Square
	Wivellscombe
	Somerset
	ΤΑ4 2JT
Solicitors	Porter Dodson
	The Quad, Blackbrook Park Avenue
	Taunton
	Somerset
	TA1 2ΡΧ
Bankers	National Westminster Bank PLC
	12 Fore Street
	Wellington
	Somerset
	ΤΑ21 8AL
	The Charity Bank limited
	1 Fosse House
	182 High street
	Tonbridge
	ΤΝ91ΒΕ
Independent Examiner &	Moore Scarrott Limited
Accountants	Calyx House
	South Road
	Taunton
	Somerset
	TA1 3DU

		Unrestricted	Restricted	Total funds	Total funds
		funds	funds	2023	2022
	Note		£
INC.MING RESOURCES
Income and endowments from:
Grants, donations and legacies	2	64,650	12,345	76,995	74,010
Charitable activities	3	50,962	3,267	54,229	46,214
otlier trading activities	4	2,575		2,575	1,722
Investments		1,018		1,018	381
Total		119.205	15,612	134,817	122,327
RESOURCES EXPENDED
Expenditure on raising funds	5	306		306	216
Charitable activities:
Community Office	6	22,999		22,999	31,241
Wivey Link	6	97,797	2,033	99,830	82,152
Libraty	6		16,057	16.057	12,796
10 Parishes Festival	6				9,310
Street Market	6	2,979		2,979	2,982
Total		124,081	18,090	142,171	138,697
NET INCOME/
(EXPENDITURE) BEFORE
INVESTMENT GAINS/
(LOSSES)		(4,876)	(2,478)	(7,354)	(16,370)
Net galns/(losses) on investments	10	'2,037:		2-037	1,139
NET INCOME/ (EXPENDITURE)		(6,913)	(2,478)	(9,391)	(15)231)
Transfers behween funds	13
NET MOVEMENT IN FUNDS		(6,913)	(2,478)	(9,391)	(15,231)
RECONCILIATION OF FUNDS:
Total funds brought forward	13	192,681	21,249	213,930	229,161
TOTAL FUNDS CARRIED
FORWARD	13	185,768	٩٦٦١^٩	204,539	213,930

		31 March	2023	31 March 2022
	Note
FIXED ASSETS
Tanglb!e assets	9	40,764		48,369
!nvestments	10	55,401		57,438
			96,165		105,807
CURRENT ASSETS
Stock		227		227
Debtors	11	7,640		7,224
Cash at bank and In and		113,360		109,340
		121,227		116,791
CRED!TORS
Creditors tailing due within one year	12	12,853'		’8,668
NET CURRENT ASSETS			108,374		108,123
T.TALNET ASSETS			204,539		213,930
REPRESENTED BY:
Unrestricted Funds:
General funds	13	180,268		192,181
Wivey House Remediations	13	5,500		500
			185,768		192,681
Restricted Funds:
Libraiy	13	13,337		14,782
Vehicle Modifications	13	2,934		3,967
Llbra^ Remediations	13	2,500		2,500
			18,771		21.249
Τ.ΤΑΙ CHARITY FUNDS			204,539		213,930

	Unrestricted	Restricted
	Funds	Funds	2023	2022
			£
Donations	25,510	1.120	26,630	10,087
SWT - Partnership Funding	29.710		29.710	29,710
SWT -Vehicle Modifications		1.000	1.000	1.000
S٨١n-Covid19				500
WTC - Senice Level Agreement	4.000		4,000	4,000
WTC - Libras Management		4.000	4,000	4,000
WTC-Rent		3.600	3,600	3,600
WTC - Libras Administration		2.500	2.500	2.500
Somerset Community Foundation -
Vehicle Modifications				5,000
Coronavirus dob Retention Scheme				7,437
see-Remediation				2,500
Bus Sen/ice operators Grant	3,349		3,349	3.056
Tax recovered under Gift Aid	2,081	125	2.206	620
	64,650	12,345,ا995		74,010
3. Charitable activities
	Unrestricted	Restricted
	Funds	Funds	2023	2022
				£
Wivey Link	49.599		49.599	36,011
Llbra^		1,521	1.521	1.331
10 Parishes Festival				6,757
Street Market	1,363		1.363	2,115
Wivelisccmbe Literary Festival		1,746	1.746
	50.962	3,267	54,229	46.214
4. otlier trading activities
	Unrestricted	Restricted
	Funds	Funds	2023	2022
Room hire	1,158		1,158	754
Book sales	371		371	429
Printing, photocopying and lamination	836		836	406
Other sales	210		210	133
	2,575		2,575	1,722
5. Expenditure on raising funds
	Unrestricted	Restricted
	Funds	Funds	2023	2022
Items purchased for resale	306		306	216
	306		306	216

	Community			10 Parishes
	Office	WIvey Link	Library	Festival	Street Market	2023
Vehicle running costs		22,567				22,567
Vehicle insurance		3,821				3,821
Equipment hire					1,500	1.500
Musicians					1,000	1,000
Other event costs					434	434
Wiveliscombe Literary Festival			3,166			3,166
Wages and salaries	8,011	31,532	2,500			42,043
Rent			3,600			3,600
Light, heat and water			2,998			2,998
Insurance			125			125
Repairs and maintenance			966			966
Cleaning			2,189			2,189
Telephone		571	442			1,013
Computer costs		1,716				1,716
Sundries		743	28			ΠΛ
Advertising		452			45	497
Bank charges			43			43
Bad debts written off		376				376
Depreciation		22,225				22,225
(Profityioss on disposal of fixed
assets		1,522:				(1.522)
	8,011	82,481	16,057		2,979	109,528
Allocated support costs (note 7)	14,988	17,349				32,337
	22.999	99,830	16.057		2.979	141,865

		Community
		Office	Wivey link	2023	2022
Rent	50:50	4,200	4,200	8,400	8,400
Light, heat and water	50:50	795	795	1.590	1,560
insurance	50:50	1,125	1,125	2,250	2,100
Repairs and maintenance	50:50	3,159	3,159	6,318	1,058
Cleaning	50:50	44	44	88	86
Telephone	30:70	1,009	2,354	3,363	3,290
Computer costs	40:60	154	232	386	1,128
Printing, postage and
stationer	30:70	703	1,641	2,344	2.217
Sundries	50:50	245	245	490	404
Advertising	50:50	50	50	100	250
Bookkeeping	50:50	1,985	1,985	3,970	2,920
Accountancy fees	50:50	976	976	1,952	2,030
legal and professional fees	50:50	228	228	456
Bank charges	50:50	63	63	126	112
Depreciation	50:50	252	252	504	710
		14,988	17,349	32,337	26,265

8. Staff costs
	2023	2022
Salaries and wages	41,405	43,301
Staff pensions	638	522
	42,043	43,823
	2023	2022
	No.	no.
The average number of employees was	3	4
The average number of FTE employees was	2	2

	Motor	.ffice
	Vehicles	Equipment	Total
	£
Cost at 1 April 2022	94,837	18,254	113,091
Additions	15,124		15,124
Disposals at cost	(6,250)		(6,250)
Cost at 31 March 2023	103,711	18,254	121,965
Depreciation
As at 1 April 2022	47,302	17,420	64,722
For the year	22,225	504	22.729
Eliminated on disposal	(6,250)		(6,250)
As atsi March 2023	٦ة٠اة٠ة7	17,924	81,201
Net book value as at 31 March 2023	40,434	330	40,764
Net book value as at 31 March 2022	47,535	834	48,369

	2023	2022
Av!٧a Investment Portfol!.	55,401	57.438
Costorvatuatlon
At 1 April 2022	57,438	56,299
Change in tair value	(2.037:	1,139
At 31 March 2023	55,401	57,438
Historical cost as at 31 March	50,000	50.000

				2023	2022
Trade	debtors			1,924	1,609
Other	debtors	and	prepayments	5,716	5,615
				7,640	7,224

	2023	2022
	£
Trade creditors	2,065	1,938
Accruals and deferred income	4,048	2,290
Other creditors	6,740	4,440
	12,853	8,668

	At 1 April	Incoming	Resources		Gains and	At 31 March
	2022	resources	expended	Transfers	Losses	2.23
						ع
Unrestricted Funds
Genera!	192,181	119.205	(124,081)	(5,000)	(2.037)	180,268
Wivey House Remediations	500			5,000		5,500
Total Unrestricted Funds	192,681	119,205	(124,081)		(2,037)	185,768
Restricted Funds
Library	14,782	14,612	(16,057)			13,337
Vehicle Modifications	3,967	1,000	(2,033)			2,934
Libras Remediations	2,500					2,500
Total Restricted Funds	21,249	15,612	(18,090)			18,771
Total Funds	213,930	134,817	(142,171)		(2,037)	204,539

	Unrestricted	Restricted	As at 31 Mar
	Funds	Funds	2023
Tangible Fixed Assets	38,830	1,934	40,764
Investments	55,401		55,401
Net Current Assets	91,537	16,837	108,374
	185,768	٩٦٦١^١	204.539
	Unrestricted	Restricted	As at 31 Mar
	Funds	Funds	2022
Tangible Fixed Assets	44,402	3,967	48,369
Investments	57,438		57,438
Net Current Assets	90,841	17,282	108,123
	192,681	21,249	213,930

	2023	2022
		£
Net movement in funds	(9,391)	(15,231)
Purctiase offlxed assets	(15,124)	(38,611)
Sale of fixed assets	1,522	480
Depreciation of fixed assets	22,729	21,623
Profit on sale of fixed assets	(1,522)	(480)
Net (gains)/losses on investments	2,037	(1,139)
(lncrease)/decrease in stock		19
(lncrease)/decrease in debtors	(416)	9,703
lncrease/(decrease) in creditore	4,185	:5,341ا
Increase / (reduction) In bank balances	4,020	:28,977:

	2023	2022
	£
!NC.MING RESoURCES
Donations	1,120	700
Wlve!lscombe Town Counci!٠L!brajy Management	4,000	4,000
W!vel!scombe Town Council - Rent	3,600	3,600
WIvellscombe Town Council - Libra^^ Administration	2,500	2,500
Tax recovered under Gift Aid	125	375
Libras - Normal Income/Overdue Charges	1,521	1,331
Wiveliscombe Litera^ Festival	1,746
	14,612	12,506
RESOURCES EXPENDED
Wiveliscombe Litera^ Festival	3,166
Wages and salaries	2,500	2,500
Rent	3,600	3,600
Light, heat and water	2,998	2,098
Insurance	125	45
Repairs and maintenance	966	2,384
Cleaning	2,189	1,704
Telephone	442	398
Computer costs		14
Sundries	28	18
Bank charges	43	35
	16,057	12,796
NET INCOME/ (EXPENDITURE)	(1,445)	(290)
Funds brought fonward	14,782	15,072
FUNDS CARRIED FORWARD	13,337	14,782