2023-03-31-accounts - Communities First Wessex

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				Unrestricted	Restricted	Total	Total
				funds	funds	2023	2022
			Note	6	6	8	6
INCOME
Donations and legacies				18,072	15,312	33,384	118,547
Investment Income				2,350	52	2,402	95
Trading Income
Miscellaneous	income			22,410		22,410	19,815
Charitable activities
Grants &contracts				1,731,030	933,628	2,664,658	2,610,227
Fare revenue				161,392		161,392	130,306
Rental income				174,504	19,003	193,507	171,119
Other income				256,367	12,404	268,771	274,528
TOTAL INCOME				2,366,125	980,400	3,346,525	3,324,637
EXPENDITURE
Fundraising
Charitable activities			7	2,294,246	967,005	3,261,251	3,112,921
TOTAL EXPENDITURE				2,294,246	967,005	3,261,251	3,112,921
Net (losses)/gains on investments				(6,994)		(6,994)	6,047
NET INCOME/(EXPENDITURE)		BEFORETRANSFERS		64,885	13,395	78,280	217,763
TRANSFERS BETWEEN FUNDS			14,15
Actuarial(losses)/gains	on defined	benefit pension funds	18	629,000		629,000	457,000
NET INCOME/(EXPENDITURE)		FOR THE YEAR		693,885	13,395	707,280	674,763
FUND BALANCES BROUGHT FORWARD				589,824	385,422	975,246	300,483
FUND BALANCES	CARRIED FORWARD			1,283,709	398,817	1,682,526	975,246

								2023		2022
						Note				6
FIXEDASSETS
Tangible assets						9		130,651		154,673
Investments						10		140,338		147,332
								270,989		302,005
CURRENT ASSETS
Stocks						11	2,154
Debtors						12	393,464		601,847
Cash at bank and	in hand						2,116,812		1,724,167
							2,512,430		2,326,014
CREDITORS: amounts	falling due			within one year:		13	~tL008,893		(977,773
NET CURRENT ASSETS								1,503,537		1,348,241
NET ASSETS EXCLUDING PENSION LIABILITY								1,774,526		1,650,246
Defined pension	scheme		liability			18		(92,000)		(675,000)
NET ASSETS INCLUDING		PENSION LIABILITY						1,682,526		975,246
FUNDS
UNRESTRICTED FUNDS
Designated funds						15		389,575		398,108
General funds						15		761,134		(132,284)
Unrestricted funds excluding				pension	liability			1,150,709		265,824
Pension reserve						15		133,000		324,000
Total unrestricted	funds							1,283,709		589,824
RESTRICTED FUNDS						14		398,817		385,422
TOTAL FUNDS								1,682,526		975,246

						Note	2023	2022
							6	6
Cash (used in)l	provided by operating		activities			24	409,314	55,459
Cash flows from investing		activities
Interest income							2,402	95
Purchase oftangible fixed assets							(19,071)	(13,473)
Sale of tangible	fixed assets							11,729
Cash provided	by/(used in) investing		activities				(16,669	(1,649
(Decrease)/increase in cash		and cash equivalents			in the year		392,645	53,810
Cash and cash	equivalents	atthe beginning		of	the year		1,724,167	1,670,357
Cash and cash	equivalents	at the end	ofthe	year			2,116,812	1,724,167

																2023	2022
Provision ofservices																101	97
Management	&administration															10	11
																	108
Key management		personnel														2023 8	2022 f
Remuneration	paid	to key management		personnel			during		the year (10),			2022(9)			437,844		398,837
VOLUNTEERS
The charity relies on the invaluable			contribution			of	unpaid		volunteers		who enable		us to add value to our service providers.
Our volunteers	act	as drivers for community			transport			and our voluntary				car scheme, they assist with Shopmobility			and	health and
Wellbeing senrices		and support the	activities		in	our	community			buildings.
CHARITABLE	ACTIVITIES
											Transport		Information &			Total	Total
												services	support	Core activity		2023	2022
												8	8	8		6	8
COSTS DIRECTLY ALLOCATED TO				ACTIVITIES
Staff costs												671,798	727,392	235,059	1,634,249		1,568,908
Volunteer costs												2,502	397	49		2,948	14,910
Transport costs												329,489			329,489		311,547
Administration												22,515	78,529	10,668	111,712		105,844
Depreciation	and (profit)/ loss on sale			ofassets								38,572	3,304	1,217		43,093	50,193
Other direct costs												11,238	358,040	19,591	388,869		371,973
											1,076,114		1,167,662	266,584	2,510,360		2,423,375
SUPPORT COSTS ALLOCATED
Rent, rates & utilities												73,680	128,047	15,801	217,528		176,574
Staff costs												137,561	81,477	97,754	316,792		287,219
Administration												57,599	32,327	22,044		111,970	86,229
Provision for	doubfful debts													1,445		1,445	13,475
Bank charges	and	interest										4,576	5,219	51		9,846	6,249
Governance	Costs											7,685	5,717	2,908		16,310	15,800
Pension fund	- current service cost													58,000		58,000	82,000
Pension fund	- Interest cost													19,000		19,000	22,000
												281,101	252,787	217,003		750,891	689,546
											1,357,215		1,420,449	483,587	3,261,251		3,112,921

	GOVERNANCE COSTS	GOVERNANCE COSTS	GOVERNANCE COSTS					2023	2022
								6	6
	Legal and professional		fees					3,642	5,885
	Audit, accountancy	and	actuadal fees					9,620	9,915
	Cost ofAGM and incidental			trustee meetings				3,048
								16,310	15,800
						Plant and
						machinery		Fixtures
					Land and	including	Motor	fittings and
9	TANGIBLE FIXEDASSETS				Buildings	Vehicles		equipment	Total
					8		8	6	8
	Cost
	At 1 April 2022				15,776	373,910		124,020	513,706
	Additions							19,071	19,071
	Disposals				1,080)				1,080)
	At 31 March 2023				14,696	373,910		143,091	531,697
	Depreciation
	At 1 April 2022				14,300	248,416		96,317	359,033
	Charge for the year				1,476		31,360	10,257	43,093
	Eliminated on disposal				(1,080)		-	-	(1,080)
	At 31 March 2023				14,696	279,776		106,574	401,046
	Net book value
	At 31 March 2023						94,134	36,517	130,651
	At 1 April 2022				1,476	125,494		27,703	154,673
10	INVESTMENTS							Unlisted	investments
	Cost or Valuation
	At 1 April 2022								147,332
	Additions
	Revaluation
	At 31 March 2023								140,338
11	STOCKS							2023	2022
									6
	Finished goods							2,154
12	DEBTORS							2023	2022
								8	8
	Trade debtors							266,836	489,918
	Other debtors							34,353	38,033
	Prepayments & accrued income							92,274	73,896
								393,464	601,847

CREDITORS: amounts	falling	falling	due within one year					2023 9	2022 f
Trade creditors								46,468	51,162
Other taxation and social		security						97,100	88,725
Other creditors								52,248	41,668
Accruals &deferred income								813,077	796,218
								1,008,893	977,773
Deferred income
Deferred income is grants		received for future accounting		periods
								2023	2022
Brought forward								696,089	650,465
Amounts released to incoming			resources					(550,283)	(399,697)
Amounts deferred in year								559,103	445,321
Amounts carried forward								704,909	696,089
								Transfers
RESTRICTED FUNDS					At	Incoming	Outgoing	between	At
					1 April 2022	resources	resources	funds	31 March 2023
					K	E	8		f
Shopmobility Chichester					(17,038)	20,416	(26,320)		(22,942)
DART					4,262				4,262
Access Group					2,770				2,770
SBS					(4,127)				(4,127)
Young Carers					26,448	82,171	(73,529)		35,090
Wheels to Work					26,979	82,092	(72,908)		36,163
START					214,744	334,790	(337,604)		211,930
Positive pathways						50,958	(50,958)
Shopmobility Winchester					106,817	56,172	(52,516)		110,473
Shopmobility Winchester		-asset fund			24,108				24,108
Woolmer Timebanking						59,755	(59,755)
Young Volunteering						36,314	(36,314)
COMF						6,011	(6,011)
Community Friends						3,232	(3,232)
Health and Wellbeing						221,213	(221,398)		(186)
Christmas Lunch Club					459	2,980	(2,164)		1,275
Social Prescribing Network						2,688	(2,688)
Skills and employment	hub					21 608	(21,608)
Total restricted funds					385,422	980,400	(967,005)		398,817

Comparative for funds movement	Comparative for funds movement
									Transfers
UNRESTRICTED FUNDS						At	Incoming	Outgoing	between	At
						1 April 2021	resources	resources	funds	31 March 2022
						f.	f	f	f	f
Designated funds
Transport services Havant -	asset fund					16,548		(4,112)		12,436
Transport Winchester - asset fund						9,167		(2,292)		6,875
Transport services East Hampshire		-	asset fund			28,276		(3,591)		24,685
Transport services New Forest - asset				fund		6,571		(2,459)		4,112
						60,562		(12,454)		48,108
Other
Required reserves policy						350,000				350,000
						350,000				350,000
Community First Investment	Fund					628,848	2,348,344	(2,239,698	(777)	736,716
General funds excluding exceptional			item			628,848	2,348,344	(2,239,698)	(777)	736,716
Obligation to fund Winchester Area				Community	Action
Community action Fareham pension				liability		(869,000)				(869,000
						(240,152)	2,348,344	(2,239,698)	(777)	(132,284)
Pension reserve (Deferred	pension		liability f1071,000
less WACA reserve f458,000, CAF			reserve off166„000
and CFNF reserve off245,000and			costs off130,000
included within support costs)						(72,000)	396,000			324,000
Total unrestricted funds						98,410	2,744,344	(2,252,152)	(777)	589,824
Community First Investment	Fund
To support new initiatives	and projects
ANALYSIS OF NET ASSETS BETWEEN FUNDS							Unrestricted	Restricted	TOTAL	TOTAL
							funds	funds	2023	2022
							f	f	f	f
Fixed assets							256,739	14,250	270,989	302,005
Current assets							1,506,436	1,005,994	2,512,430	2,326,014
Liabilities							(479,465	(621,428	(1,100,893	(1,652,773
							1,283,710	398,816	1,682,526	975,246

The defined benefit scheme is closed to	The defined benefit scheme is closed to	new members	and so under	unit method	the current service cost would	expected to
increase over time as members ofthe scheme approach			retirement.
				2023	2022
Value ofscheme assets and liabilities					f
Fair value ofassets					3,516,000	4,073,000
Present value offund	liabilities				(3,608,000)	(4,748,000)
Pension scheme deficit					(92,000)	(675,000)
Movements in year
Service cost				(58,000)	(82,000)
Interest cost				(19,000)	(22,000)
					(77,000)	(104,000)
Contributions					31,000	43,000
Actuarial (losses)/gains	on assets and	liabilities			629,000	457,000
Movements in the year					583,000	396,000
Pension scheme deficit at 1 April
- WACA				(269,000)	(427,000)
- CAF				(91,000)	(145,000)
-CFNF				(139,000)	(220,000)
- CFHEH				(176,000)	~0279,000
					(675,000)	(1,071,000)
Acquisition ofpension	fund deficitfrom	CFNF
Pension scheme deficit at 31 March					92,000)	(675,000

			Land and	buildings	Other
			2023	2022	2023	2022
Within	1	year	33,981	33,981	19,800	19,800
Between		2to 5years	89,178	111,490	16,500	36,300
			123159	145 471	36,300	56 100

RECONCILIATION O	F NET M	OVEMENT	IN FUNDS TO NET CASH FLOW FROM O	PERATING ACTIVITIES
				2023	2022
				8	8
Net movement in funds				707,280	674,763
Add back depreciation	charge			43,093	53,974
Add loss on disposal	offixed assets				(3,780)
(Gain)/ loss) on investments				6,994	(6,047)
Deduct interest income shown		in investing	activities	(2,402)	(95)
Increase in stock				(2,154)
Decrease /(Increase)	in debtors			208,383	(315,886)
Increase/(decrease)	in creditors			31,120	48,533
Movement in pension	fund			583,000)	(396,000)
Net cash used in operating activities				409,314	55,460

						Unrestricted	Restricted	Total	Total
						funds	funds	2022	2021
					Note		8		6
INCOME
Donations and legacies						14,086	104,462	118,547	473,660
Investment Income						95		95	1,486
Trading Income
Miscellaneous	income					19,815		19,815	25,264
Charitable activities
Grants &contracts						1,724,212	886,014	2,610,227	2,592,977
Fare revenue						130,306		130,306	84,653
Rental income						152,818	18,301	171,119	81,109
Other income						239,965	34,564	274,529	96,923
TOTAL INCOME						2,281,297	1,043,341	3,324,637	3,356,072
EXPENDITURE
Fundraising
Charitable activities					7	2,252,152	860,769	3,112,921	2,859,792
Exceptional item:
Obligation to fund		Community		First New Forest
pension liability expensed					18				245,000
TOTAL EXPENDITURE						2,252,152	860,769	3,112,921	3,104,792
Net (losses)/gains	on investments					6,047		6,047	23,460
NET INCOME/(EXPENDITURE)			BEFORETRANSFERS			35,192	182,572	217,763	274,740
TRANSFERS BETWEEN FUNDS					14,15	777	777
Actuarial(losses)/gains		on defined		benefit pension funds	18	457,000		457,000	183,000
NET INCOME/(EXPENDITURE)			FOR THE YEAR			491,415	183,349	674,764	457,740
FUND BALANCES	BROUGHT		FORWARD			98,410	202,073	300,483	(157,257
FUND BALANCES	CARRIED		FORWARD			589,824	385,422	975,246	300,483