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||||PAGE|
|---|---|---|---|
|Members ofthe board and professional||advisers||
|Trustees'
annual
report (incorporating||the director's report)||
|Independent
examiner's
report|to the|trustees||
|Statement offinancial
activities|(including
income and expenditure|||
|account)||||
|Statement offinancial
position|||10|
|Notes tothe financial statements|||12|
|The following
pages do not form part||ofthe financial statements||
|Detailed statement offinancial|activities||25|
|Notes to the detailed statement|offinancial activities||27|
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|Registered||charity name|charity name|The Whitehaven|Foyer||
|---|---|---|---|---|---|---|
|Charity registration|||number|1133633|||
|Company|registration||number|07098916|||
|Principal office and registered||||441rish Street|||
|office||||Whitehaven|||
|||||Cumbria|||
|||||CA28 7BY|||
|Trustees||||Mr W Slavin|||
|||||Mr R Norman|||
|||||Mrs J M Smith|||
|||||Mrs C H Eve|||
|||||Ms A J Thorn|||
|||||Mr L K Buss-Blair|||
|independent||Examiner||lan Scott BA(Hens), FCA, DChA|||
|||||12/13 Church Street|||
|||||Whitehaven|||
|||||Cumbria|||
|||||CA28 7AY|||
|Bankers||||National
Westminster||Bank Pic|
|||||71Lowther Street|||
|||||Whitehaven|||
|||||Cumbria|||
|||||CA28 7AH|||
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|||||2021||2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|||
||||funds|funds|Totalfunds|Total funds|
|||Note|f|f|f|E|
|Income and endowments|||||||
|Donations
and legacies|||8,870|19,565|28,435|36,410|
|Charitable
activities|||60,223||60,223|61,794|
|Other trading
activities|||8,229||8,229|3,105|
|Investment
income|||37,040||37,040|37,975|
|Other income|||6,647|185|6,832|5,287|
|Totalincome|||121,009|19,750|140,759|144,571|
|Expenditure|||||||
|Expenditure
on raising funds:|||||||
|Investment
costs||10|20,019||20,019|20,830|
|Expenditure
on charitable|activities|11.12|54,652|81,378|136,030|128,730|
|Total expenditure|||74,671|81,378|156,049|149,560|
|Net expenditure
and net|movement|in funds|46,338|l61,628)|(15,290)|(4,989)|
|Reconciliation
offunds|||||||
|Total funds brought
forward|||104,784|2,427,593|2,532,377|2,537,366|
|Total funds carried forward|||151,122|2,365,965|2,517,087|2,532,377|
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||||2021||2020|
|---|---|---|---|---|---|
|||Note|||E|
|FIXEDASSETS||||||
|Tangible fixed assets||18||2,354,710|2,403,488|
|CURRENT ASSETS||||||
|Debtors||19|16,101||7,514|
|Cash at bank and in hand|||271,487||246,674|
||||287,588||254,188|
|CREDITORS: amounts|falling due within one year|20|(42p516)||(39,569)|
|NET CURRENT ASSETS||||245,072|214,619|
|TOTAL ASSETS LESSCURRENT LIABILITIES||||2,599,782|2,618,107|
|CREDITORS: amounts|falling due after more than one|||||
|year||21||(82,695)|(85,730)|
|NET ASSETS||||2,517,087|2,532,377|
|FUNDS OFTHE CHARITY||||||
|Restricted funds||||2,365,965|2,427,593|
|Unrestricted
funds||||151i122|104,784|
|Total charity funds||24||2,517,087|2,532,377|
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||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2021|
||||f|E|E|
|DONATIONS||||||
|Donations|||82|10,000|10,082|
|Gift Aid||||||
|GRANTS||||||
|Whitehaven|Town Council|||||
|Tudor Trust||||2,000|2p000|
|Other grants||||7,565|7,565|
|Government|grant income||8,788||8,788|
||||8,870|19,565|28,435|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2020|
||||E|E|E|
|DONATIONS||||||
|Donations|||150|870|1,020|
|Gift Aid||||3,008|3,008|
|GRANTS||||||
|Whitehaven|Town Council|||1,000|1,000|
|Tudor Trust||||30,000|30,000|
|Other grants||||||
|Government|grant income||1,382||1,382|
||||1,532|34,878|36,410|
|CHARITABLE|ACTIVITIES|||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2021|Funds|2020|
|||E|E|f|E|
|Rental income||43,351|43,351|46,139|46,139|
|Costs recovered from tenants||15,648|15,648|12,338|12,338|
|Room hire||1,224|1,224|3,317|3,317|
|||60,223|60,223|61,794|61,794|
|OTHER TRADING ACTIVITIES||||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2021|Funds|2020|
|||E|E|f|E|
|Shop income||8,229|8,229|3,105|3,105|
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|8.|INVESTMENT INCOME|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted|||Total|Funds|Unrestricted|TotalFunds|
||||Funds||||2021|Funds|2020|
|||||E|||E|E|E|
||Bank interest receivable||||21||21|145|145|
||Rental income||17,000||||17,000|17,000|17,000|
||Costs recovered from tenants||20,019||||20,019|20,830|20,830|
||||37,040|||37,040||37,975|37,975|
|9.|OTHER INCOME|||||||||
|||||||Unrestricted||Restricted|Total Funds|
||||||||Funds|Funds|2021|
||||||||E|E|E|
||Other income||||||6,647|185|6,832|
|||||||Unrestricted||Restricted|Total Funds|
||||||||Funds|Funds|2020|
||||||||E|E|E|
||Other income||||||4,618|669|5,287|
|10.|INVESTMENT COSTS|||||||||
||||Unrestricted|||Total|Funds|Unrestricted|TotalFunds|
||||Funds||||2021|Funds|2020|
|||||E||||E|E|
||Premises costs recharged to tenants||20,019|||20,019||20,830|20,830|
|11.|EXPENDITURE ON CHARITABLE|ACTIVITIES|BYFUND|TYPE||||||
|||||||Unrestricted||Restricted|Total Funds|
||||||||Funds|Funds|2021|
||||||||E|E|E|
||Support costs|||||54,652||81,378|136,030|
|||||||Unrestricted||Restricted|Total Funds|
||||||||Funds|Funds|2020|
||||||||E|E|E|
||Support costs|||||43,828||84,902|128,730|
|12.|EXPENDITURE ON CHARITABLE|ACTIVITIES|BYACTIVITY||TYPE|||||
|||||||||Total funds|Total fund|
|||||||Supper't|cos'ts|2021|2020|
||||||||E|E|E|
||Young persons accommodation|&associated|facilities|||136,030||136,030|128,730|
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||||||||Integrated|Integrated|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Service|||
||||||||Provision||Total 2021|Total 2020|
|||||||||E|E|E|
|Staff costs||||||||45,774|45,774|36,294|
|Premises||||||||78,747|78,747|80,502|
|Communications||and IT||||||2,415|2,415|1,854|
|General office||||||||5,443|5,443|6,051|
|Finance costs||||||||3,651|3,651|4,029|
||||||||136,030||136,030|128,730|
|NET EXPENDITURE|||||||||||
|Net expenditure||is stated||after|charging/(crediting):||||||
||||||||||2021|2020|
||||||||||E|E|
|Depreciation|oftangible|||fixed assets|||||50,613|50,571|
|INDEPENDENT||EXAMINATION|||FEES||||||
||||||||||2021|2020|
||||||||||E|E|
|Fees payable|to the independent||||examiner for:||||||
|Independent|examination|||ofthe financial statements|||||2,700|2,700|
|STAFF COSTS|||||||||||
|The total staff costs and||||employee||benefits for the reporting|period|are analysed as follows:|||
||||||||||2021|2020|
||||||||||E|E|
|Wages and salaries|||||||||40,697|31,750|
|Social security|costs||||||||3,304|2,956|
|Employer contributions|||to pension|||plans|||1,773|1,588|
||||||||||45'774|36,294|
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||Freehold|Fixtures and|||
|---|---|---|---|---|
||property|fittings|Equipment|Total|
||E|f|E|E|
|Cost or valuation|||||
|At 1January 2021|2,500,000|4,602|608|2,505,210|
|Additions|||1,835|1,835|
|At 31December 2021|2,500,000|4,602|2,443|2,507,045|
|Depreciation|||||
|At 1January 2021|100,000|1,388|334|101,722|
|Charge for the year|50,000|460|153|50,613|
|At 31December 2021|150,000|1,848|487|152,335|
|Carrying amount|||||
|At 31December 2021|2,350,000|2,754|1,956|2,354,710|
|At 31December 2020|2,400,000|3,214|274|2,403,488|
|model ar|e as follows:||
|---|---|---|
|||Freehold|
|||property|
|||E|
|At 31December 2021|||
|Aggregate|cost|3,372,195|
|Aggregate|depreciation|(326,059)|
|Carrying|value|3,046,136|
|At 31December 2020|||
|Aggregate|cost|3,372,195|
|Aggregate|depreciation|(258,615)|
|Carrying
value||3,113,580|
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|19.|DEBTORS||||
|---|---|---|---|---|
||||2021|2020|
||||E|E|
||Trade debtors||13,542|2,659|
||Prepayments
and accrued income||2,559|4,779|
||Other debtors|||76|
||||16,101|7,514|
|20.|CREDITORS: amounts|falling due within one year|||
||||2021|2020|
||||E|6|
||Bank loans and overdrafts||2,950|2,850|
||Trade creditors||3,591|3,797|
||Accruals and deferred|income|30,181|28,101|
||Social security and other taxes||1,263|520|
||Pension creditor||305|271|
||Other creditors||4,226|4,030|
||||42,516|39,569|
|21.|CREDITORS: amounts|falling due after more than one year|||
||||2021|2020|
||||E|E|
||Bank loans and overdrafts||82,695|85,730|
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|The amounts|recognised
in the financia|l statements
for government|grants are as follows:||
|---|---|---|---|---|
||||2021|2020|
||||E|E|
|Recognised|in income from donations|and legacies:|||
|Government|grants income —Covid-19|funding|8,788|1,382|
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|||||||At|
|---|---|---|---|---|---|---|
|||At|||31|December 2|
|||1January 2021|Income|Expenditure|Transfers|021|
|||E|E|E|E|E|
|General funds||54,784|121,009|(74,671)|(25,000)|76,122|
|Capital Equipment|||||||
|Replacement|Fund|50,000|||25,000|75,000|
|||104,784|121,009|(74,671)||151,122|
|||||||At|
|||At|||31|December 2|
|||1January 2020|Income|Expenditure|Transfers|020|
|||E|E|E|E|E|
|General funds||35,418|109,024|(64,658)|(25,000)|54,784|
|Capital Equipment|||||||
|Replacement|Fund|25,000|||25,000|50,000|
|||60,418|109,024|(64,658)||104,784|
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||||||||||||At|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||At|||||31December|
|||||1|January 2021||Income||Expenditure|Transfers|2021|
|||||||E|||E|E|f|
|Property|Development|||||||||||
|Fund||||||2,400,000|||(50,000)||2,350,000|
|Service Provision||||||27,593|19,750||(31,378)||15,965|
|||||||2,427,593|19,750||(81,378)||2,365,965|
||||||||||||At|
|||||||At|||||31December|
|||||1January 2020|||Income||Expenditure|Transfers|2020|
|||||||f|E||f|E|f|
|Property|Development|||||||||||
|Fund||||||2,450,000|||(50,000)||2,400,000|
|Service Provision||||||26,948|35,547||(34,902)||27,593|
|||||||2,476,948|35,547||(84,902)||2,427,593|
|The property||development||fund||is for the construction||of|the Foyer Building,|and includes|capital grants|
|received|from|Howgill|Family||Centre and Impact||Housing||Association
Limited|(now part of The Riverside||
|Group).|The service provision||||fund isfor general||activities.|||||
|ANALYSIS OF||NET ASSETS||BETWEEN FUNDS||||||||
||||||||||Unrestricted|Restricted|Total Funds|
||||||||||Funds|Funds|2021|
||||||||||E|E|f|
|Tangible|fixed|assets|||||||2,476|2,352,234|2,354,710|
|Current|assets||||||||269,937|17,651|287,588|
|Creditors less||than 1year|||||||(38,596)|(3,920)|(42,516)|
|Creditors greater than|||1year||||||(82,695)||(82,695)|
|Net assets|||||||||151,122|2 365 965|2 517087|
||||||||||Unrestricted|Restricted|TotalFunds|
||||||||||Funds|Funds|2020|
||||||||||f|f|f|
|Tangible|fixed|assets|||||||840|2,402,648|2,403,488|
|Current|assets||||||||225,343|28,845|254,188|
|Creditors less||than 1year|||||||(35,669)|(3,900)|(39,569)|
|Creditors greater than|||1year||||||(85,730)||(85,730)|
|Net assets|||||||||104,784|2,427,593|2,532,377|
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