**REGISTERED COMPANY NUMBER: 04016718 (England and Wales) REGISTERED CHARITY NUMBER: 1148009**
**Report of the Trustees and Financial Statements for the Year Ended 31 August 2022 for**
**Westfield Community Development Association**
Geoff Cowley & Co Ltd Willow Park Upton Lane Stoke Golding Nuneaton Warwickshire CV13 6EU
**Westfield Community Development Association**
**Contents of the Financial Statements for the Year Ended 31 August 2022**
||Page|
|---|---|
|Report of the Trustees|1 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6 to 7|
|Notes to the Financial Statements|8 to 14|
|Detailed Statement of Financial Activities|15 to 16|
**Westfield Community Development Association**
**Report of the Trustees for the Year Ended 31 August 2022**
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 31 August 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered Company number** 04016718 (England and Wales)
## **Registered Charity number**
1148009
## **Registered office**
Westfield Community Centre Rosemary Way Hinckley Leicestershire LE10 0LN
## **Trustees**
N M Thornber D R Peake P M Adams M A Hateley W A Smith Trustee - resigned 12.4.22 J Peake Trustee/Director - appointed 12.4.22 Rev Canon D Jennings Director/Trustee - appointed 12.4.22 Chairperson
## **Company Secretary**
M A Hateley
## **Independent examiner**
David Preston Chartered Certified Accountant Geoff Cowley & Co Ltd Willow Park Upton Lane Stoke Golding Nuneaton Warwickshire CV13 6EU
## **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.
## **Recruitment and appointment of new trustees**
Where appropriate Trustees are drawn from the Association's membership, appointed or reappointed at the annual general meeting of the Association's membership and/or from time to time co-opted by the board of Trustees.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 1
**Westfield Community Development Association**
## **Report of the Trustees for the Year Ended 31 August 2022**
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity aims to benefit the residents of Hinckley & Bosworth Borough Council area and the neighbourhood, without distinction of sex, sexual orientation, race or political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.
In furtherance of its charitable objectives but not otherwise, the trustees shall have the powers to establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects. Association seeks to deliver a life-long community education curriculum which involves working with and delivering a broad range of services to Pre-school children and their families and carers, school age children their families and carers, young people and adults. The Association does this in a variety of ways providing some services directly and others in partnership with local voluntary or statutory organisations.
## **STRATEGIC REPORT**
## **Achievement and performance**
Like many in the Voluntary and Community Sector the Association continues to tackle and meet the challenges presented by the Covid crisis and its' aftermath.
Fortunately, with a great deal of volunteer, staff and trustee effort and determination, we have been able to sustain the work of the Association throughout the last twelve months and continue in earnest the process of building back our pre-covid services, where they have been considered to be economically sustainable.
Where they have not we have taken the difficult decision to close or curtail provision as we continue to make the sustainability of the community centre a major strategic priority.
## **FINANCIAL REVIEW**
During the 18 months of the pandemic, we were able to take advantage of a number of government sponsored financial support schemes including the "Furlough" scheme and the Coronavirus Business Interruption Loan Scheme "CBILS".
Early identification of future financial risks to the Association indicated that a number of current and future costs brought about by the covid crisis posed a significant challenge to the Association's financial sustainability. These challenges included the repayment of the £150,000 CBIL loan, historic pension scheme cessation costs of £43000 and additional fire protection system works necessary at the community centre costing approximately £20,000.
These financial pressures were in addition to our existing mortgage of over £100,000.
Fortunately, we were able to secure loan finance with the Reliance Bank, which has allowed us to consolidate our loans and extend repayment periods reducing by almost 50% our monthly loan repayment costs and deliver a sustainable balanced operational budget.
We continue to strive to "build back" our services and the number of regular centre-users and with them the financial stability and sustainability they bring to the Association and the services we provide to the local community.
The fiscal and social contribution by volunteers who give their time and expertise to support the Association's programmes or repair and maintain the Association's premises, continues to make a significant contribution to our ongoing financial stability and sustainability.
The Association has policy and plans aimed at achieving reserve funds equivalent to three months operating costs and is working consistently towards this end. The Association is fortunate in having fixed assets valued in excess of £1,000,000.
Business and community development plans are reviewed on a regular basis to ensure that the Association continues to deliver its core mission and vision within the context of its charitable Aims and Objectives.
Page 2
**Westfield Community Development Association**
**Report of the Trustees for the Year Ended 31 August 2022**
Unfortunately at the time of writing a second multi-faceted economic crisis has emerged in the form of the cost of living crisis, inflation and the exponential rise in energy and salary costs. The Association will seek to rise to the challenges these developments pose as it has done in the past.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 16 May 2023 and signed on the board's behalf by:
Rev Canon D Jennings - Trustee
Page 3
**Independent Examiner's Report to the Trustees of Westfield Community Development Association**
I report on the accounts of the company for the year ended 31 August 2022, which are set out on pages five to fourteen.
## **Responsibilities and basis of report**
As the charity's trustees (and also the 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.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independant examination, I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. that accounting records were not kept as required by section 386 of the Companies Act 2006; or
2. that the accounts do not accord with those records; or
3. that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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; or
4. that there is further information needed for a proper understanding of the accounts.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Chartered Certified Accountant which is one of the listed bodies.
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
David Preston Chartered Certified Accountant Geoff Cowley & Co Ltd Willow Park Upton Lane Stoke Golding Nuneaton Warwickshire CV13 6EU
Date: .............................................
Page 4
## **Westfield Community Development Association**
## **Statement of Financial Activities for the Year Ended 31 August 2022**
|**31.8.22**
**Unrestricted**
**funds**
Notes
**£**
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Voluntary income
2
**194,049**
Activities for generating funds
3
**241,488**
**Total incoming resources**
**435,537**
**RESOURCES EXPENDED**
**Costs of generating funds**
Costs of generating voluntary income
**513**
Fundraising trading: cost of goods sold and other
costs
4
**42,753**
**Governance costs**
5
**13,217**
**Other resources expended**
**515,916**
**Total resources expended**
**572,399**
**NET INCOMING/(OUTGOING)**
**RESOURCES**
**(136,862)**
**Other recognised gains/losses**
Freehold property
**180,000**
**Net movement in funds**
**43,138**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**639,599**
**TOTAL FUNDS CARRIED FORWARD**
**682,737**|31.8.21
Total
funds
£
336,530
244,419
580,949
496
74,825
2,634
531,912
609,867
(28,918)
-
(28,918)
668,517
639,599|
|---|---|
## **CONTINUING OPERATIONS**
All incoming resources and resources expended arise from continuing activities.
The notes form part of these financial statements
Page 5
**Westfield Community Development Association**
## **Balance Sheet At 31 August 2022**
|**31.8.22**
**Unrestricted**
**funds**
Notes
**£**
**FIXED ASSETS**
Tangible assets
9
**1,041,719**
**CURRENT ASSETS**
Stocks
10
**750**
Debtors
11
**32,366**
Cash at bank and in hand
**66,022**
**99,138**
**CREDITORS**
Amounts falling due within one year
12
**(85,381)**
**NET CURRENT ASSETS**
**13,757**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**1,055,476**
**CREDITORS**
Amounts falling due after more than one year
13
**(372,739)**
**NET ASSETS**
**682,737**
**FUNDS**
16
Unrestricted funds
**682,737**
**TOTAL FUNDS**
**682,737**|31.8.21
Total
funds
£
865,150
700
34,502
50,516
85,718
(43,431)
42,287
907,437
(267,838)
639,599
639,599
639,599|
|---|---|
The notes form part of these financial statements
Page 6
continued...
## **Westfield Community Development Association**
## **Balance Sheet - continued At 31 August 2022**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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.
The financial statements were approved by the Board of Trustees on 16 May 2023 and were signed on its behalf by:
Rev Canon D Jennings -Trustee
The notes form part of these financial statements
Page 7
**Westfield Community Development Association**
**Notes to the Financial Statements for the Year Ended 31 August 2022**
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Financial reporting standard number 1**
Exemption has been taken from preparing a cash flow statement on the grounds that the parent company includes the subsidiary in its published financial statements.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided Plant and machinery - 20% on cost Motor vehicles - 25% on reducing balance
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **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.
## **Company status**
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation while he or she is a member within one year after he or she ceases to be a member, for payment of the company's debts and liabilities contracted before he or she ceases to be a member, and of the costs, charges and expenses of winding up and for the adjustment of the right of the contributions among themselves.
Page 8
**Westfield Community Development Association**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2022**
## **2. VOLUNTARY INCOME**
|Donations including Gift Aid
Grants
Grants received, included in the above, are as follows:
Other grants
**ACTIVITIES FOR GENERATING FUNDS**
Kids Club and Nursery
Social lotteries
Canteen
Club and Social Courses
Minibus and Room Hire|**31.8.22**
**£**
**22,354**
**171,695**
**194,049**
**31.8.22**
**£**
**171,695**
**31.8.22**
**£**
**220,032**
**-**
**3,005**
**607**
**17,844**
**241,488**|31.8.21|
|---|---|---|
|||£|
|||20,844|
|||315,686|
||||
||||
|||336,530|
||||
||||
||||
|||31.8.21|
|||£|
|||315,686|
||||
||||
||||
|||31.8.21|
|||£|
|||231,435|
|||10|
|||1,233|
|||220|
|||11,521|
||||
||||
|||244,419|
||||
||||
## **3. ACTIVITIES FOR GENERATING FUNDS**
## **4. FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS**
|Purchases
Motor Minibus Expenses
Uniforms
Bad debts
Labour & DBS Expenses
**GOVERNANCE COSTS**
Accountancy
Legal fees
Professional Fees
Auditors' remuneration|**31.8.22**
**£**
**27,598**
**12,238**
**178**
**186**
**2,553**
**42,753**
**31.8.22**
**£**
**2,386**
**8,457**
**2,014**
**360**
**13,217**|31.8.21|
|---|---|---|
|||£|
|||29,505|
|||8,891|
|||1,276|
|||29,909|
|||5,244|
||||
||||
|||74,825|
||||
||||
||||
|||31.8.21|
|||£|
|||1,974|
|||300|
|||-|
|||360|
||||
||||
|||2,634|
||||
## **5. GOVERNANCE COSTS**
Page 9
**Westfield Community Development Association**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2022**
## **6. NET INCOMING/(OUTGOING) RESOURCES**
Net resources are stated after charging/(crediting):
||**31.8.22**|31.8.21|
|---|---|---|
||**£**|£|
|Auditors' remuneration|**360**|360|
|Depreciation - owned assets|**3,906**|5,050|
|Deficit on disposal of fixed asset|**-**|889|
||||
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021 .
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021 .
## **8. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|**31.8.22**
**£**
**352,904**
**17,067**
**49,080**
**419,051**|31.8.21|
|---|---|---|
|||£|
|||396,837|
|||23,148|
|||8,827|
||||
||||
|||428,812|
||||
||||
The average monthly number of employees during the year was as follows:
||**31.8.22**|31.8.21|
|---|---|---|
|General|**23**|24|
||||
No employees received emoluments in excess of £60,000.
Page 10
## **Westfield Community Development Association**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2022**
## **9. TANGIBLE FIXED ASSETS**
|**Freehold**
**Plant and**
**property**
**machinery**
**£**
**£**
**COST OR VALUATION**
At 1 September 2021
**850,000**
**61,807**
Additions
**-**
**475**
Revaluations
**180,000**
**-**
At 31 August 2022
**1,030,000**
**62,282**
**DEPRECIATION**
At 1 September 2021
**-**
**59,946**
Charge for year
**-**
**584**
At 31 August 2022
**-**
**60,530**
**NET BOOK VALUE**
At 31 August 2022
**1,030,000**
**1,752**
At 31 August 2021
850,000
1,861
**10.**
**STOCKS**
Stocks
**11.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Prepayments
**12.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other loans (see note 14)
Trade creditors
Social security and other taxes
Pension Control Account
Other creditors
Accrued expenses
Deferred government grants|**Motor**
**vehicles**
**£**
**30,990**
**-**
**-**
**30,990**
**17,701**
**3,322**
**21,023**
**9,967**
13,289
**31.8.22**
**£**
**750**
**31.8.22**
**£**
**30,854**
**1,512**
**32,366**
**31.8.22**
**£**
**22,400**
**6,803**
**995**
**1,475**
**38,700**
**4,712**
**10,296**
**85,381**|**Totals**
**£**
**942,797**
**475**
**180,000**|**Totals**
**£**
**942,797**
**475**
**180,000**|**Totals**
**£**
**942,797**
**475**
**180,000**|
|---|---|---|---|---|
|||**1,123,272**|||
|||**77,647**
**3,906**|||
|||**81,553**|||
|||**1,041,719**|||
||||||
|||865,150|||
||||||
||||||
||||31.8.21||
|||||£|
|||||700|
||||||
||||||
||||31.8.21||
||||£||
||||33,304||
||||1,198||
||||||
||||||
||||34,502||
||||||
||||||
||||31.8.21||
||||£||
||||6,868||
||||6,135||
||||1,378||
||||3,532||
||||-||
||||4,147||
||||21,371||
||||||
||||||
||||43,431||
||||||
||||||
Page 11
**Westfield Community Development Association**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2022**
## **13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
|Bank loans (see note 14)
Other loans (see note 14)
**14.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
HSBC Loan
Reliance Loan
Amounts falling between one and two years:
Other loans - 1-2 years
Amounts falling due in more than five years:
Repayable by instalments:
HSBC Loan more than 1 year
HSBC CBIL
Reliance Loan more than 1 year
**15.**
**SECURED DEBTS**
The following secured debts are included within creditors:
Bank loans
The loan is secured by a charge on the freehold property.|**31.8.22**
**£**
**325,739**
**47,000**
**372,739**
**31.8.22**
**£**
**-**
**22,400**
**22,400**
**47,000**
**-**
**-**
**325,739**
**325,739**
**31.8.22**
**£**
**325,739**|31.8.21|31.8.21|
|---|---|---|---|
|||£||
|||220,838||
|||47,000||
|||||
|||||
|||267,838||
|||||
|||||
|||||
||||31.8.21|
||||£|
|||||
||||6,868|
||||-|
|||||
|||||
||||6,868|
|||||
|||||
|||||
||||47,000|
|||||
|||||
|||||
||||80,213|
|||140,625||
|||-||
|||||
|||||
|||220,838||
|||||
|||||
|||||
|||31.8.21||
|||£||
|||220,838||
|||||
|||||
|||||
Page 12
## **Westfield Community Development Association**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2022**
## **16. MOVEMENT IN FUNDS**
||||**Net**||
|---|---|---|---|---|
||||**movement in**||
|||**At 1.9.21**|**funds**|**At 31.8.22**|
|||**£**|**£**|**£**|
|**Unrestricted funds**|||||
|General fund||**639,599**|**(136,862)**|**502,737**|
|Revaluation Reserve||**-**|**180,000**|**180,000**|
|||**639,599**|**43,138**|**682,737**|
|**TOTAL FUNDS**||**639,599**|**43,138**|**682,737**|
|Net movement in funds, included in the above are as follows:|||||
||**Incoming**|**Resources**|**Gains and**|**Movement in**|
||**resources**|**expended**|**losses**|**funds**|
||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||
|General fund|**435,537**|**(572,399)**|**-**|**(136,862)**|
|Revaluation Reserve|**-**|**-**|**180,000**|**180,000**|
||**435,537**|**(572,399)**|**180,000**|**43,138**|
|**TOTAL FUNDS**|**435,537**|**(572,399)**|**180,000**|**43,138**|
## **Comparatives for movement in funds**
|**Comparatives for movement in funds**||||
|---|---|---|---|
|||**Net**||
|||**movement in**||
||**At 1.9.20**|**funds**|**At 31.8.21**|
||**£**|**£**|**£**|
|**Unrestricted Funds**||||
|General fund|**668,517**|**(28,918)**|**639,599**|
|**TOTAL FUNDS**|**668,517**|**(28,918)**|**639,599**|
|||||
Comparative net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|Movement in|
|---|---|---|---|
||**resources**|**expended**|funds|
||**£**|**£**|£|
|**Unrestricted funds**||||
|General fund|**580,949**|**(609,867)**|**(28,918)**|
|**TOTAL FUNDS**|**580,949**|**(609,867)**|**(28,918)**|
|||||
Page 13
**Westfield Community Development Association**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2022**
## **16. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||**Net**||
|---|---|---|---|
|||**movement in**||
||**At 1.9.20**|**funds**|**At 31.8.22**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|**668,517**|**(165,780)**|**502,737**|
|Revaluation Reserve|**-**|**180,000**|**180,000**|
|**TOTAL FUNDS**|**668,517**|**14,220**|**682,737**|
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
Revaluation Reserve
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
**1,016,486**
**-**
**1,016,486**
**1,016,486**|**Resources**
**expended**
**£**
**(1,182,266 )**
**-**
**(1,182,266 )**
**(1,182,266 )**|**Gains and**
**Movement in**
**losses**
**funds**
**£**
**£**
**-**
**(165,780)**
**180,000**
**180,000**
**180,000**
**14,220**
**180,000**
**14,220**|**Gains and**
**Movement in**
**losses**
**funds**
**£**
**£**
**-**
**(165,780)**
**180,000**
**180,000**
**180,000**
**14,220**
**180,000**
**14,220**|
|---|---|---|---|---|
|||||**14,220**|
|||||**14,220**|
Page 14
**Westfield Community Development Association**
## **Detailed Statement of Financial Activities for the Year Ended 31 August 2022**
|**INCOMING RESOURCES**
**Voluntary income**
Donations including Gift Aid
Grants
**Activities for generating funds**
Kids Club and Nursery
Social lotteries
Canteen
Club and Social Courses
Minibus and Room Hire
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating voluntary income**
Costs of Generating Donations
**Fundraising trading: cost of goods sold and other costs**
Purchases
Childcare Toys and Consumables
Motor Minibus Expenses
Uniforms
Bad debts
Labour & DBS Expenses
**Governance costs**
Accountancy
Legal fees
Professional Fees
Auditors' remuneration
**Other resources expended**
Staff Wages & Consultancy
Social security
Carried forward|**31.8.22**
**£**
**22,354**
**171,695**
**194,049**
**220,032**
**-**
**3,005**
**607**
**17,844**
**241,488**
**435,537**
**513**
**17,099**
**10,499**
**12,238**
**178**
**186**
**2,553**
**42,753**
**2,386**
**8,457**
**2,014**
**360**
**13,217**
**352,904**
**17,067**
**369,971**|31.8.21|
|---|---|---|
|||£|
||||
|||20,844|
|||315,686|
||||
||||
|||336,530|
||||
|||231,435|
|||10|
|||1,233|
|||220|
|||11,521|
||||
||||
|||244,419|
||||
||||
|||580,949|
||||
|||496|
||||
|||19,507|
|||9,998|
|||8,891|
|||1,276|
|||29,909|
|||5,244|
||||
||||
|||74,825|
||||
|||1,974|
|||300|
|||-|
|||360|
||||
||||
|||2,634|
||||
|||396,837|
|||23,148|
|||419,985|
This page does not form part of the statutory financial statements
Page 15
## **Westfield Community Development Association**
## **Detailed Statement of Financial Activities for the Year Ended 31 August 2022**
|**Other resources expended**
Brought forward
Pensions & Redundancy
Building Costs
Telephone
Postage and Stationery
Repairs and Cleaning
Hire of Equipment
Security Costs
Sundry
Bank Charges
Volunteer Expenses
Depn of Plant & Machinery
Depn of Motor Vehicles
Loss on sale of tangible fixed assets
Loan
Loan Interest
**Total resources expended**
**Net expenditure**|**31.8.22**
**£**
**369,971**
**49,080**
**33,116**
**6,779**
**3,499**
**11,967**
**2,035**
**936**
**8,007**
**920**
**723**
**584**
**3,322**
**-**
**14,410**
**10,567**
**515,916**
**572,399**
**(136,862)**|31.8.21
£
419,985
8,827
28,503
7,448
3,288
32,196
2,255
884
9,952
2,360
6,233
620
4,430
889
-
4,042
531,912
609,867
(28,918)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 16