REGISTERED COMPANY NUMBER: 08227390 (England and Wales REGISTERED CHARrrY NUMBER: 1150892 Report of the Tn1¢¢5 •nd Filla•cial Ststem¢nts for the Year Ettded 30 September 20211 for Llgbtwaves CommuDity Trust sPH Jolliffe Coth Ltd Cbartetyd Accouolants 33 George Srreei Wakefield West Yoykshir¢ WFI ILX Illl A4795KftV 2310612021 COhAPAMIES HOUSE A11
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Lightwaves Community Trust Contents ofthe Financial Statements for the Year Ended 30 September 2020 Page Report of the Trwttts Independent Kxatniner's Report StateDxnt of Financlal ActiltieS B*lADce Sheet 10 to 11 Notes to the FitiaDciaE Staitments 12 to 19
Llghtwaves Community Trust Report of tbe Trustees for tbe Year Ended 30 September 2020 The Trustees who are also dirtctOf5 of the charity for the puJp)ses of the Comptinies Act 2CKJ6. prtsent I1r report wth the rinancial statcments of the charity for the Year Ended 30 Scprember 2020. The trustees have adopted the prtsvisiorts of Actourtting and Reporting by Charities.. Statement of Recommethded Prnctice applicable charities preparing their accouttts in a¢cordan¢e with the Finaftcial Reportin8 Sthndatd appli¢ablc in the UK and Republi¢ of Ireland IFRS 1021 {effective I January 2015). Trnsttt5 Mr B Moran (R¢tired) Ms l G M Van Jn (Community Centre Manager) Mr M Ayub (Community Centre Manager) Mr J Howard (FE College D1ctOr of Estates) Ms D Bracewell (Owner ora Tutoring Company} Mr J Coulton (Sports Facility Manager) Mr M McK]"gney (Economi¢ Development Consultant) Ms S Bedford {Social Worker) Ms H Grocock (CEO Sight Aid) Company Se¢r¢tary Ms l G M Van RJ"jn Registered office Lightwaves t£iSUTC Centre Lower YO Srreet Wakefield West Yorkshire WFI 3LJ Regi$ter¢d Company Number.. 082273 (England and Wa]es) Registered Charity Numbtr= 1150892 OBJECTIVES AND ACTIVITIES Objectives and ¥itns The aim of ¢h¢ ¢harity is to provide the ffsidenrs of Wakefield distyi¢¢ and th¢ neighFM)urhood of College GnTrve and Pinderfields with a thtiving community-run f2cilEty for S[l leisure, social and community activities to advance their well- being, knlth and prospccts and to promote cohesion within the conmiunity. Ch*rAtable object The objects of the charity as outlined in the articles of association arc 'to further benefit the residents of Wakefield and elsewhere, withoutdistinction ofsex, sexual orientation. Trceorofpoliiicai, religiousorothcropit)i0Thsby associatin8 together said residents and the local autlwrili4 volwitary and oth¢r OTganisations a common effort relieve poverty, advance cducation and to providc facilitie5 itt the interests of social welfare and for recreation aj leisure occupatiOlJ Wlth the object of improvin8 conditiOllS of lif¢ for the residents. STRUCTURL GOVERNANCE AND MANAGEMENT The eompany was fonned in 2012 and is lirnited by guarantre. li is registered with CL>mpanies House under company registration number08227390. The charity was fornd in 2013 and is registered with theclwi.ty Conunis5ion under chanty number 1150892. GovernlDg document The charity is governed by its Memordndum and Articles of AsxtiatioD.
Llghtwaves Community Trust Report of the Trllslees for the Year Ended 30 September 2020 STRUCTUR4 GOVERNANCE Af4D MANAGETrIENT Rectm¢llt appoiDtm¢nt of fnist¢es Members of the Board of Trustees are appointed to rcprcscnt Next Genernti¢)n {2). Wakeficld College (l). local comtnunity (4) and users of Lightwaves I£isu C¢ntre (2). Orgnis4tion, Governance M•nigemeDt The Board of Trustees. which can have up to thrtcen member5 (nine tnL5es and four Board advisors), who #re committed to makn'n8 a success of the community managcment of Lightwave4 administer the charity. The Board usually meets monthly and there a sub committees ¢oveTing finarfe and audil Community fvrtdtai$in& marketing aTwJ pJDmotion and operational tnanageTuenL A GeneTai Manager 15 appolntcd by the Tnses to rnanage the day to day operdtions of the Charity. To allow effective rnanagctncn( the Generdl Manager ha5 delegated authority. witlun term5 of delegation approved by the Twste¢& for operdtiona] matters including finance and employmenL The charity also has a numtr of voltsnte¢r helpers WIKI assim ihe paid suff with running the Centre and at) apprenticeship scheme operated in ¢onjun¢tion with Wakefield College which prnyides local young people with an oppo]Thnity to work at the centre for a period of twelve mnth5. Tht role of Next Gcncration CIC. who co-ordÉnated led the wcct$5fitl &fjstt transfcr of Lightwaves leisure ccntrc tts ¢ommunity use, has been pivo&l in providing the link behveen the day-to4ay management of th¢ ¢¢ntr¢ and the strategic management provid¢d by th¢ trustees. Nexi Generation's long tsack retord of wojking from Lightwaves on behalf of local people. (particularly young people frorn disadvantaged comTnunities) meant Next Generntion had the trust and respect of local people togethcrwith a coMphenslyC knowledge of the Lightwdve's building. This experience was invalb]e to the Tnjst for as participaiing members of the tslLSt boart Next Generntion wer¢ abl¢ io provide project management expertkse on behalf of the trust and take rcsp)t)sibility for managing and liaising with staff respotJsÉble for the day to day nlnning of the ¢entre. Lightwaves Cornmunity Trust are commitd to deepening and slrengttrring Cornrnty involvemenl and on building on the ¢xcellent workin8 relatioShIp with Nexi GeneratiotL Induction and trainiDg Of new trnstees Induction into the wodcings of the ¢haTity is cartied out by Tnksrees and senior managers already setwing on the Board with ongoing trdining being undertaken in knu5e and by cxterna] visits to events and similar organisatio1. Risk manAgement Th¢ Trust¢es have a duty to identify and wiew the risks to which th¢ ¢lw"ty is exposed and to ¢nsure appmpriate controls are in pla¢e to provide teasonable assuTrnte againsi fraud and error. The Tte¢S hve approved a risk management strategy which cornprises: an atu)ual review of the rÉsks the chan.ty may fac¢ the estsblithmeni of systems and PTocedures to mitigaie those risks identified in the plan the implernentation of procedures designed to miniTnise any potential impact on the charity should those risks materiali5e. This work iderttified financial sustainability as the major fitwial risk for the cbarity. This period was very much a year of two distinci halves a ntsrnwl world dissolved into a period of greai ¢hange a1 challenge. With the first half it w&$ a period of relative nornuliry and where pro8re55 was being ma(k on a serics of issues to improve the Charity's capacity to adapt to new a¢tivity in thecentre and diff¢ttnt groups of users. In the seco1 half thc world seemed ftWTwI upside down as everyone Struggled adopt to livin8 thr a major pandemic and public health emergency.
Lightwaves Community Trust Report of the Trustees for the Year Ended 30 September 2020 A stries of key initEatives with Frf)siiive irnpacts on I&] communities. health and social well-being took place #( or were developed from Lightwaves during th¢ past year. A Thai Boxing comptts.tion A large engagernent party forsomeone frorn the Irxdity. A YCA dance competition. A Richmond Fellowship Ev•)L An Asian Arni-Wre$t]ing ¢ompetitio A Gambian ladies BiTthday paty. A Chn'stmas fund raising event in aid of five loul Food banks and for the local authority kids in care. The latter was or8ani5ed by selling ti¢k¢ts fora showing of the Ken Loach's fiIftL"Sory we missed you" and some top.¢1 Asian fo¢xl. This raised £1,250 plus the ¢¢1p1 of van-loads of f(A)d as well as donations of prents for childr¢n in Care. Each of ihe five foodbanks received £250 and a large supply of food for donatio$ to I(] farn?lies in need. The local mosques helped out Ghousii Swafia M05que collccting fLw)d donations frDTn their congregation, and Bilal Mosque ¢oll¢cting iterns for the raffle. The evening and thc outcomc wcre a 8rcat success with local peoplc attending and enjoying thern5elves for worthy causes. In the ¢aTly.'noml" half of th¢ year a series of new group bookings we rettiveo: Stanley United JU10r foothall. Diabete5 prevention. GIAS football training. Eastmoor Dragons". Sui¢id¢ Bereavement support Gmup. Our Roots Football, Basketball. St MiChIS Cricket Club. Beth and A%h Cricket Club children and athilts: Brdhma Kurnaris. meditation group. October 2019 the recruilment pro¢ess was commenced for two new employtts following two $4ff leaving for positions els¢whcTr. A new Duty OffKer Mario Da Silva was apFK)intol a5 well as a new Centse Worker, namely Alrx Lane. A new Employee Handknk w&% developed and coDsulted on with stsff thence w&% approved by the Board. Wak¢fJ¢ld College took overwhathad been th¢ boxing gym and used the n¢w space for theirPrince's Trnsi prograrnme, with £10,000 invested to provide a good quality dedJ¢ated swe for aSsi1ng yowig people from the College ¢0 be mentored and alSted with WOTk and thi.s was ¢omplctcd and Tcady for use by the Autumn 2019 intake of TKW studen ThJ"$ provided the" Prince's Trust with a newly fitted out room that can be used for other fjJbJre IxM)kings. A TNstres Away Day- l¥t yearhad agreed the dev¢lopment a new busit)ess plan. WO on this was well on its way dursng the financial year when the Covid-19 pandemic forced radical change on the Boatd and stsff. Lightsvaves secured fundin8 to commission a Ial artist to ¢real¢ a mural on the entr¢ wau of Lightwaves. The artist ¢onsul*d widely with the community at¥J ¢ame up with a few ideas for the boatd apPVe. The aim was that the Board would approve ihe final design and a date was set for the WO io comrnence ovei the Easwbreak Covid interrupted all these plans and the work had to be cancelledldeferred until further tificatiOn. When COVtD hit the UK went lock down Lighiwaves Skff werc placed on furtough from 6th April. They ttttmied ox a part-time basis in Augusl to I1p staff overcome feclings of social isolation and tediousness a number of trdining COUTse5 in COSH and H¢alth and Safety at Work were oTgwus¢d as well as and some fijrther training around events manag¢tnent.
Lightwaves Communlty Trust Report of the Trustees for the Year Ended 30 September 2020 Despite the publi¢ health crisis Lighrwaves rernait active as a ¢ommunity hub. Lightwaves worked An parrshIP with the lo¢al ¢ommurtity. and in parti¢ular The Grand Swafi< Ghousia Mosque and Nexi Gene10 rnising arouAd £5,000 to help se¢ up a foodbarth and f(dIng fiu]d to help local people during these difficult tsm&s. Next Generation Stsff took on the role of running the centre whilsl the Lightwave5 Staff were fvrlough¢d. They also set up and ron o foodbank and supported pe¢Jple irt self-isolation by shopping for them. pi¢king up prtscription& ¢akingtheirdog for a wa]k, or sorting out food pa¢ks End so on. The% activtti¢s required 8 lot of 0P1¢ to ex¢£uk them so over 150 volun¢rs w¢re recruited A syst¢m for administrating how ihe volunt¢eTS Were re¢ruit and their roles allo¢atrd was ¢thblisheJ and it W0ed very wèll ensuring etTJcieni organision of tasks. The proie¢ts and seTvÈ¢es offeffd were publiciscd and pwomot&J the project with the wider ¢onuntsnity through SLKial nKdia, and thtough leafleting the wknle aTta arou1 Lightwaves. Central government fvnding provided ndIng forcovid-related activities with these fiEnds distiibuted through the Wakefield Council and the voluntsry and community sector. the Covid-19 crisis there was tho incomc from sports artd room hire so ihc grants together with funding from the furlough scheme allowed Lightwave5 to keep staff and continue make the buklding available as an activc community hub delivering fwd-bank and other welfare 5UPtM)rL Othersuccessful grant applications ID this period notably included 2 grant from the British Ainvays charirable trust for a new more effi¢ien¢ artd ¢osi-effective hot water heating systrm for the building. As a part of assuring the Tntst's legal and irLStitutional sustainability, ntgotÉatii)IL% Cl)ntinued with Wakefield Council on renewing the ternts Of the lease for a longer leasing periLNI (25 year5 and longer). Lighhvaves maintained astrong leadeTsbJp role inpmmotingand Susthining ¢ommunity coksion and in¢l$t0 and now hosts six differrnt faith aTKI religious groups. The centre plays a kty role as facilitator for ILKa] faith group5 prtsviding a safe, multi- ¢u]tural and opetl environment for all comrnuniti&s. Lightwaves Community Trust have built ¢yJ a strong and success1 record of parlnership work with key local Parnr5 including= N¢xi Generation. The City of San¢tyary, the Iwal ¢ouncillors, Wak¢fi¢ld Colleg< Wakefjeld Council, Public Health. Young Live& NOVK National Education UnioTL We kn Wakefiel¢L Wakefield Bid. Wakefield Hospi¢¢, WDH Hatfield Courl Create Cafr. and Amnc5ty International. PulAic benefit ain15 Ind intended impct The key b¢n¢fit for ¢h¢ public has been that Ligha¥¢$ L¢isure and Communiry Centre has been taIned and T¢MaLd in busine&s and open w the publi¢ for half of this period. Post l(xk41own Lightwaves ¢onlEnu to be used as a community anchor for assisting people in the community. Th¢ TnLSi has ¢oniinued to build on its repuration as athriving community-Tun fa¢ility hosting edu¢otion and leamin& 5(Kial, leisure and sports activities all of whichsignifi¢anUy Contyibutcto irnprovingthewell_being. health and employmentprot¢ts of local pwplc and post Coyid. Trust Developlllent The revamptng of the businw plan ¢ontiThJe5 althgh the Covid pandemic crisis h&$ ere&t¢d a completely TKW landscape of demand for servi¢¢s that will mean th¢ need to revisit and r¢vise pmiotys and plans. WoT oft integrdtion with Next Generation have been deferred durhng the health crisis but thc strengths of both ooani5ations have been important in sustaining work with atMI for community throughout this challenging time.
Lightw¥ves Community Trnst Report of the Trustees for tbe Year Ended 30 September 2020 The seventh year of the Trust has been ather ch311engin8 one as the Centr¢ developed its profile and activities &8 a focal point Thub. and local Commwiity anchor in a ¢limatr whejy public and ¢haritsble fvnding mnained difficult. The Tjust ha5 worked hard to eTKourage ¢entsr and local rtsidents use of and involvement with the Centsy itKluding geth.ng involvement of u5crs as volunteu5 in the daily of thc centre or. as trusttts. Investment and funding bids A revised Funding Straiegy has been produ¢ed to pwovide a focused aThl clearapproath aligning thcts on fvndtng to maich and supports both the building, staff and Community development that ensures core work is maintained and sustained in supw)rt of th¢ Tn5 medium and long-tenn StraleS for the facilities and the activities th¢y hosL The Busirtess Plan is also being renewed to creote an tdaptsble wotkn.ng document thti better refle¢¢s ihe Tnjst's stsatrgic d1CtiOn to transfonn and improve the building as an environmentally Sustsinable cornmunity thj sptsrts facility that is able to IK)St local commut)itics' nceds and aspirdtions. E$t#te section Thr opetation management committee Tncct on a regular basis with Wakefield College. Both partics work collaboratively to manage the risk register and ensure appropriate managernent and mitigation of risks and to look at OPPOTtunitic5 where the Trust and head of Wakefield Colle8e's Sports and Publi¢ Services can maintain a posiiiv¢ working relauonship that ben¢fits IxTrth the wers of the c¢ntr¢ and Wak¢field College sknthts. Planned mxinteDance The Tru51 has worked with key partner Wakefield College to assure planntd nuintrnafrv across the buildÈng and including the management of legionella. p&ssenger li fr irtfr&sts7JcN aTLd the aling and ventilation system5. There is a need to significantly improve thes< pattitular]y the hcating systerns to et)sure that the building is more envirotllnenttlly Susthinable and as'wear and ar' of elements of the building llfftastructure near the t1 of their lifr expcciancy and need to be replaced. FANC REVJEW Overview Ligha¥eS Community Tn1 ¢on¢inues io manage the Leisure Centre forpublic and community use. This is challenrtg bui with the continuing provision of sound financial manageTnen( arwj support from l(Kai oryanisations AJKi both staff and volunteers a reduced rdnge of community activities and opporDJnities have been successfully provided to the local and sum)unding populaion. The orLset of the cov119 pondemi¢ and tht cl¢)5ure of the Centre unable io provide mainstream aciivilies has influenced the financial perforniarKc of the Centre. In Tesp)TW thc support and financial grxnts provided by the Local Authority and public donations have gcncTrtcd theTrustan Opeing sUTp1 of£70.173 for the year as againstadeficit of £16.738 in 2019. Prknclpai Funding In addition to th¢ income generated by the charity trdding activities, the main %Mu¢es of fimding are currently sports facilities income, and events income. Two successful grnnt applications from the Naiional Lottery Community Fund a1 Power to Change provided additional funds whj.ch enabled the charity to Tnainiain Conununity activities whilst continuing to adhete to Government guidanc¢. The funding cover5 a six.nJ)nth from (kwlKr 2020 to March 2021. A capitsl invcs¢ment by Next Generntion in the Ccntre is bein8 repaid. More generally trustec5 recognise that efforts necd to be main¢ainin8 on building up reserves and scekir out capital inyestmcni in developing the Ccntre's facilities.
Lightwaves Community Trust Report of the Trustees for the Year Ended 30 September 2020 Reserves, Pollcy The aims and objedives of our Reserves Policy are to: ErtsU a level of woting capitsl to susiaitt the Centre and the ability to perforn) its chlble obje£tive5. Ertsur¢ a level of fvnding to undenake new challenges and Opporti1¢S as th¢y arisc. Ensure availability of funding to cover extraotdinary expendibjre and loss of Teveme &$ a consequeKe of matters arising beyond the Trust rtornul day to day operatio. Und¢rpinning the aix)ve aims and objectives the TnJM seeks to build up aThJ h)Id a level of free reserves equivalent two years. annual expendiluie. Th¢ TTUStees acknowledge that thi5 is a long-term challenge and will take a penod of time achievc. Although our sport fa¢ilities incomc tnay be viewed seasonal and liable to tluciuatioT4 ihe rental inwme remains regularon a monthly basis and provides a Icvcl of WOrkU capital to fuThl staff wa8C5 and fixed cosL Th¢ Board of and styff ¢ontinually sttk io promotr and implement creative and interesttng in¢om¢ initiative5, grani appli¢ations and donations (both individual and corpordie) and have produced aFunding Strategy document and Currently revising a three-to-five year Busin&5s Plan which can bE adapted ff) meet TnLSt's strategic direction. Inve5tmtnt power4 policy and perfonnance Thc tn]$tees having regard thc liquidity ftquiremenLS of operating the ¢entre and io the Test¢$ policy have maintained a poli¢y of kecping available furtds in an intcrrst eatning deposjt account allowlng LTtunediate acccss as ne$Sary. Looking 8head The Tnlsfs overdll strdte8y of enhancing incorne Btneration and inwroving Sustainability remains a Strategic goal. So t doe5 (he seawh for fijrther major invesbneni ro enhance a1 uFFgrnde the Centr¢'s facilities. The TnLSt is actively se¢king substantial resources for major inves¢ment througlw)u¢ the Lightwaves building. COVID 19 In accordan¢¢ with GOvernot regulations Lightwave5 Community aryl L¢1&e CeThtre was ¢los¢d b¢hvetn March and July 2020. Income generntion has been severEly aff¢ctttJ aTMI the ¢onfideTKe of public and lo¢a] comrnunity will need io be restored over time. Stsff WeTe furloughed under the Governnnt Job R¢t¢rttion khcme bu¢ fix and njnning Costs of the CtnbE had to be s¢t agajnst the rcduccd Inco¢. Lightwayes has ctIved menue sUprt from lo¢a] grnit Submissions and donations. All cxpcndibJre has been reviewed and only essentsal eXnditUre h&s been perrnitted during this period. LighaVr$ has now re- opened in September2020 while followtng the Government 8uideltnes on ensuring the Centre ts COVID 19 secure. Due io the pandemic and following Government directives T fact-trfa¢c medings httve been held since March 2020. However, the Chairrnary GeTKral Managcr and Tteamrer have been in regul•r ¢ontsct. With the casing of lockdown th¢ Centrc has tsken the opportunity to carry mainl¢nan¢c and clcaning duliu to enwre that the building remain5 COVID sKyr¢ aTKI is fEady to oF*n io the public tn accordance with Government aThJ Sports Goveming B(Kli¢5 guidelines.
Lightwaves Community Trust Report of the Trustees for the YeAr Ended 30 September 2020 STATEMENT OF TRUSTEES RFSPONSIBILITIES The TnLs¢e¢5 (wl¥) arc also Directors of Lightwaves ConThunity TJ Limityj for the puryoses of rompaoy law) a responsible for preparing the Trust% Report and the fmancial statemenLS in accordance with applicable law and United KiTLgdoTn Accounting Standards (United Kingdotn Genera]ly Accepted Accounting Practice). Company law r¢quires the ttwtres prepare financial sthtements for each financial year whi¢h give a tsue and fair view of the state of afFdits of the charitsble Company and of the incoming re>[Ce5 aThl application of resources, includingthe incom¢ and expenditure. of the charitabk company for that pcriod. In prqJarin8 these financial statements. the tru5tee5 arc rcquired s¢lect suitable policies and then apply them conststently. obsetve ihe methods and principles in the Charities SORP (FRS102). make judgernents and estirnates that are re&fonable and pnjdent. statc whether applieablc accounting standards have bcen followe4 5ubjecl to any material departures disclosed and explaincd in the financial stsitments. and prepar¢ the financial stamenLS the going basis unless if is inappmpria to presumt that the ¢harity will Continue in business. The trustees are responsible for keeping proper aCcinting records that disclose with reasonable UlY at any time the flnancial p05itiOll of the charitable company and enable them to ensure that the financial statements cornply wth the Companies Act 2006. They are also rcsponsjble for safeguarding the assets of the clwitsble company and hence for tsking reasonable steps for the prtvention aTMI detection of fiaud d o er Jrre Approved by order of the Ixjard of trustees i)n ............. . and sigttd on its Ixhalf by: Mr M Mckn'grtey-
Independent ExamiDer's Report to the Trustees of Ligbtwaves Community Trust EDdeptndellt examtuer's report to the trustees of Lightwaves CommuDity Trust ('tbe Compny) I ]%port to the charity trU¢¢S on my examination of th¢ accounLS of the Company for the year ended 30 September2020. Respo$[bIlItieS and basi$ of report As the charity'5 trustccs of the Company also its director5 forthc purwjses of company law) you are rrsponshble forthe prcpardtion of the accounts in accordance with the requirements of the CompaDies Act 26 Cthe 2fy)6 Ace). Having satisfied myself that the accounLS of the Company are not required to be auditrd under Part 16 of the 2006 Acl and are eligible for irldependent examination. J Teport in respEct of my exaTnination of your¢haTity'S accounts as Carried oui under sectiorl 145 Of the Charities Act 2011 ('the 2011 Act,). In carying out rny txamination I have followed the Directions given by the Charity CornmisSSOll UtM&rsectiDn 145(5) (b) of the 2011 ACL IndependtBt ex8miner'$ $tat¢ment Since your charitys gross incolne ex¢e&Jed £250.($ your examInermu bc a meTnber of a limed body. I can ¢onfim) that I am qualified to undertake the examination because l am a registered nrnber of the Insticute of Chartcred A¢couniants in England and Wales which is one of the listed bodies. I hav¢ completed my examination. I confirrn that no matt¢rs have comt to my atteniion in corfftection WAth tht exarnination giving me ¢awse to b¢lieve- ccounting reconts were not kept ill Twect of the Cornpany as required by section 386 of the 2006 ACL or the accounts th) not accord with those records" or the accounts do t[ eomply with the atcounting rquirements of seetion 396 of the 2006 Aet other than any requiremcTrt thai the accounts 8ivc a tn and fair view which is rtoi a martcr constdcred ls part of an independent examination" or the a¢¢owits have notbcen prepa¥ed in accordancc with the nKthods and ptinriples of the Statcmentof Re¢ommended PrdCti¢e for accounting a[ reporting by cljarities (applicable to charities preparing their coUnts in accordance wilh the Fitwicial Reporting Starldard applicable in thE UK Republic of Ireland IFRS 102)). I have w ¢oncems and have come acro&4 other mart¢rs in connection with the ¢xamination to whi¢h attention sh¢)uld be drawn in this report in ortlet ¢0 enable a proper undedIn80F the accounts to be reac1d. Claire Lawton FCA SMH Jolliffe Cork Ltd 33 George Strttt Wakefield West yotkslu.re WFI ILX Da*:.............................................
Lightwaves Community Trust Statement of Finaneial Activitie5 Oncorporating an Income and Expenditure Account) for the Year Ended 30 September 2020 2020 Total ndi 2019 Totsl hjnds Unrestyicted R&8tric¢ed fund funds Note5 INCOME AND ENDOWMENIE FROM Donations and legacies 7&79 47,123 125922 28,116 ChAri(*ble 8¢1iv5tSes Sports facilitie5 income 34,033 34,033 54.674 Other ttJding activities Investsneni income J50.21MI 160,153 26 Total 47,123 3111,208 242.969 EXPENDrruRE ON Charitable activilies Managemeni adrnÈnistration Events Publicity 8t promotion Premises 73,156 116 721 A22.Q81 2&11(Kl 3.161 98,156 10,677 721 A30,481 97.961 12,599 1,582 147,565 Totol 203,474 36561 240.035 259,707 r4ET INCOMEI(EXPENDITURE) 59,611 10562 70,173 (16,738) Tr•D5fers between fuDds Net rnovement ID funds 59,611 lo2 70,173 (16,738) RECONCILIATION OF Fuf4DS Total funds brought forward (40.430) (40,430) (23,692) 29.743 40 430)
Lightwaves Community Trust Balance Sheet 30 September 2020 2020 Totol funds 2019 Totsl fund5 Unrestri¢toJ R¢stri¢*d fund funds CURRENT ASSETS Debtors C&sh at bank and in hand 4D366 29.809 111.132 121,694 58.377 Amounts fallin8 due within one year (91.951) (91,951} (63,807) NET CURRENT ASSETSI(LIABILITILS) TOTAL ASSETS LESS CUIUiENT LIABILITIES 19,181 10562 29,743 (5,430) CREDTTORS Amounts falling due aftermore than one year 10 {35.000) NET ASSml(LIABtLrriES) 40.430 Unttstricted funds Restricted funds 19.J81 (40.430) TOTAL FUNDS The cltsritable cowy is entitled to exemption from alIt under Section477 of the Companies Act 2006 for the year ended 30 Septemkr2020. The Mefflbe have not qUiA. the company to obthin an audit of its fmancial tstements for the year ended 30 September 2020 in ateordance with Section 476 of the Companie5 Act 2(M)6. The trustees acknowledge their responsibilitses for (a) ensuring that the ¢haritsble company kccps accounting rEcords that comply with Scctions 386 and 387 of the Companies Act 2006 and preparing fit)ancial Statements which ve a true and fair view of the stale of affaits of th¢ ¢h8ritabl¢ company &s at the end of each finaTKial yearand of its Sutplus or deficit fOrh financial year in accordance with ihe requirements of Sections 394 aThJ 395 and which otherwise Comply with the requirements of the Companies Act 2006 relating to financial statements, so faras applicable to the charitsble compaTy. (b) 10 continued...
Lfightwaves Community Trust Balance Sbeet- eontinued 30 September 2020 These finart¢ ststements have beet) prepared in ac¢ordaKe with the provistons applicable to charitabl¢ compat)ies subject to the 5rnall ¢ompam¢s tcgime. Th¢ financial Statements wer¢appmved by the Board of TnLSttts and authorised foris5u¢ on. .......... ......... .............. .... were signed on tts behalf by: and Mr M Ayub- Tntsiee Mr M McKi8n - Trus
Lightwave5 Community Trust Notes to the Financial Statements for tbe Year Ended 30 September 2020 ACCOUNTING POLlCtLS Basls Of prep8ring tbe finatte1 Jtaternents The financial statements of the charitsble company, which is a public benefit entity under FRS 102, have been prepared Jth ac¢ordance with the Charilies SORP IFRS 102) 'Acc(Junting and Reporting by Charities: Ststement of Re¢oTtunended Practice appli¢able to charitics preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectiv¢ l January 2019),. FitwJc&al Reporting St2ndard 102 Tr Financial Reportir)g StsThlard applicable in the UK and B£publi¢ of Ir¢land' and the Compani¢s A¢1 2006. The finan¢ia] starements have bem prepared utwjer the historical Cost conventiotL Golllg etsneern The Trust's principal wurces of income are thc trddin8 activitie5, sports events and events inctsme. On completion of the finan¢ial ststemenLS and at the WTrint of signing off. with the exteption of the retttsl it)com4 all o¢htr sourcts of income have been ttduced duc to the (k•vemm¢nt re5trictioTrs on leisuff ccntre facilities due to th¢ Coronavin P3ndcmic (Cov19). TheTrustees reIrIY review the C¥h How aThl budgetfore¢&st and financial proj¢ctionsare updatd month]y taking into consideration the changing ¢¢0MiC and social clima*. Despitr new income initiatives beingstyJghtto ¢omplemcntthcTEgultrincome patternsbeing maintsine¢ theTmstees ore mindful of the uncertain e¢orK)rnic position and thcir ability to continue in operationa] exislerte in the coming twelve months. Despite thc declirte in revenuc, they contsrtue tr) believe th¢ goin8 concem ba51¥ of accounting is apprnpriate in preparin8 the financAal 5tstements. Exp¢Ddit4re Liabilities are recognised as expenditure soon &$ there is a legal or Constructive obli8atioll ¢OTTunitting thc charity to that expendiwre. it is probable that a trdnsferof ¢conomi¢ benefits will be required in settlement and the amount of the obligation can be measured reliably. ExndItUre is xcounted for on an accrna15 basis and has been classified under headings thal aggregaie all cost rtlaied to the category. Where costs cannot be dir¢ctJy attributed to parti¢ular heading4 they have been alllxated to activities on a basis consistent with the use of resouytts. Tangible fixed a55et5 Depreciation is pn)vided ai the following apnual rat¢5 in oth Wri off assei over its ¢5timaied us¢fvl life. Sports equipmeni FixDJres and fittings 25Yo OTI COSI 20% on cost No depclaI10 1$ ¢harged in the year of a¢quisition arwj a full year's depreciation is ¢harEed in the y¢arof disposal. Tangible fixed assets are initsally (Orded at Cost arnl the charity does not ¢apita]i5c fixryj Sets which cost less than £1,0. T•x4tioD The chaTity 1$ exempt fTom corwrntion tsx on its ch8ritsble activitie Fund 8c¢ountimg UTwe$¢ri¢ted funds can be wed in a¢¢ordance with the charitable objectives at the discretson of the TNstees. G¢neral fund balawes are comprised of centre income aThl fdraIsing income for the general Pluposes of the centre. Restri¢t¢d fund ba]ances ar¢ comprised of grants and donations from irnlividual donors. Th¢ terms and ¢onditions of the fullds relate to specific requcsts 4t the time of receipi by the Tn]SL Furfher explanation of the natslre and puwse of each fund is included in the notes io th¢ finarKiai slaiements. 12 contit)ued...
Lightwaves Community Trust Notes to the Fillaneial Statements - eontinued for the Year Ended 30 September 2020 ACCOUNTING POLICIES- ¢oDthiwd Ftts and other income Fees receivable ondchatges rnade fors¢Thice5 aThJ usc of premis¢s arr accounted for in the wiod irt which the servi¢e is PTDvided. Grants and donations Donaiionsa]r accounted forTn theperiod inwhich theYa rvxive41 ortheamountre£eivable is known withcertainry. Grdnts are Teflected in proportion to the expenditurr tts Nvhich it rtlates. Grnnts and donations given for the g¢nernl purFoses of the cenrre are included in unTestric*d fiuwjs. 202 2019 Events catering irteome Miscellaneous income Rents r¢c¢ivable Cafe 13,739 23 133JS5 19,624 132.874 160 153 YVESTMENT TNCOME 21)2 2019 tkposit account interut 26 TRUSTEES. REl¥fUNERATION AI¥D BENEFrr6 No Trustcc rcccrvcd remuncrdtioTr or other benefits lor thcir Work as T dwiNg the year cnded 30 Sep¢¢mber 2020. However. disc105ed in note 12 ihe Gellerdl Manager and Assistant General Manager were remLuKn1I for their services as employe4 in accordarKe with th¢ Memornurn and Anicles of As50¢iation. Trn$tee5' exp¢nges 2020 2019 ' TnLStees' expcrLSGS 26 29 STAFF COSTS The average monthly numberof employees during tk y¢arw&s as follows: 2020 2019 Mat)ageml and admitiistsation Pretnises io 10 No employees re¢eived emolwnents in exc of £fKI.(KKJ. 13 ¢ontinutd...
Lightwaves Community Trust Notes to the Finaucial StatemeDts- Continued for the Year Ended 30 September 2020 COMPAIL4TtVES FOR THE STATEMENT OF FINANCIAL Acr[viS Unrcstiicted fund Restricted funds Total tNCOLKE AND ENDOWMINTS FROM Donations and legacies 26.647 28,116 CharitAbl¢ a¢tiwiti Sports faciliiies"in¢om¢ 54,674 54.674 Other trading activities vestment income 160.153 26 160.153 26 ToiAI 216,322 26,647 242,969 EXPENDrruRE ON CbaritAble 2ctAvities Management athl adminithtion Events Publicity and promotion Premis¢s 79211 12599 1.582 139.685 18,750 97,961 12.599 1.582 147.565 7,880 Total 233,077 26.630 259,707 NET iNColEJ(EXPEDlTl7RE) (16,755) 17 (16.738) Transfers between funds 17 17) Net movement ID fnds (16.738) {16,738) RECONCILIATION OF FUNDS Total funds brought forwrd (23.692) (23,692) TOTAL FUNDS cARRD FORWAJID 14 continued...
Lightwaves Community Trust Notes to the Financial Stst¢ment$- eontinutd for the Year Ended 30 Septenjber 2020 TATr4GIBLE FIXED ASSETS Fixtures equipment fittings Totsls COST Ai l October 2019 and 30 September 2020 DEPRECIATION At l O¢tober 2019 and 30 September 2020 NET BOOK VALUE At 30 Sepiember 2020 At 30 Sepiember 2019 DEBTORS: AMOiTI¥TS FALLfNG DUE ONE YEAR 2020 2019 Trad¢ d¢b¢c Prepayments and a¢¢nd irtcomo 26J88 28,179 CREDTfoRS: AMOUNTS FALLtNG DUE TIll ONE YEAR 2020 2019 Trdde creditors Social security and other thx¢s Other creditors Accruals and deferred irKornc 32,694 974 32.1)0 26 30.517 636 15 continued..
Lightwaves Community Trust Notes to the Financial StatemeDts - continued for the Year Ended 30 September 2020 10. CREDITORS: AMouNfs FALLING DUE AFTER MORE THAN ONE YEAR 2020 2019 Other ¢rcditor5 ii. TraTrsf¢ between funds At 1.10.19 movement in At 30.9.20 Unrestricttd f4nds General {40h311) 59.611 19.181 Restrkted funds Grants DonatiOTrS 8,41 8,400 io io TOTAL FUNDS Netmovement in fund& included in above are as follows: Incoming source5 11¢59urces expetlded Mov¢ment in fvnds Unrestricted funds General 263,085 (203,474) YJ,611 Restricted fthnds Grants DonatioTh% 41.8(Kl (33.40D} 8,41X 161 io 16 continucd...
Lightwaves Community Trust Notes to the Financial Statements- continued for the Year Ended 30 September 2020 MOVEMENT ll¥ FUNDS. t0xfitied colDrAtiv for movement ID fuDds Net movement in Trnnsfers At 1.10.18 At 30.9.19 nds UDr*$tri¢ted funds Generdl fund (23.692) {16.755) 17 (40,430) Restricted hnds Grdnts 17 (17) TOTAL FUNDS 16738) 40 430) Comparative net movement in included in the above are & follows: Incoming Movernent in funds ilnrestri¢ted fund5 General fiJtM4 216.322 {233,077) {16.755) Restrl¢ted fvnds Grants 26,647 (26,630) 17 TOTAL FUNDS 242.969 259.70 16.7381 A current year 12 months and prior year 12 montlLs combined rA)5ition is follows.. Net movement in At 1.10.18 bctwccn funds At 30.920 UDrestri¢t¢d fuDds Genernl fur¥J (23.692) 42.856 17 19.181 Restricted funds Grants Donatiojjs .417 (17) 8,400 17 23.692 17 continued...
Llgbtwave5 Community Trnst Notes to the FiDan¢i81 Ststements - continued for tbe Year Ended 30 September 2020 ii. m0vEhT IN Fuf4DS. ¢ontinu¢d A current year 12 llnthS and prior year 12 nKJnth5 ¢ombittd n¢t nverneAt in funth. included in th¢ aEov¢ are as follows: tnctsming ReurceS expcnded Movement in fut UDrestri¢t¢d fun G¢nenl fiLThJ 479.407 (436J51) 42.856 Restrltted fvt)ds Grdnts Donations 68.447 (60,030) 8,417 73.770 TOTAL FUNDS 553 177 499 742) RESIIUCTED FUNDS Foodblllk Since Mar¢h 2020. the first noiional lockdown began. thyngs w¢rt very different forLightwaves &s we bame a lo¢a] cornmunity hub working in paTth¢rship with wm[ offtrsupport duri the Covid 19 pand¢mi¢. The development of our cornrnunity hub rtsle w&$ to provide initially physical help (collection of mcdicEtion and provide fo¢)d parcels) to isoling and shielding tndn¢rabl¢ individua]$ and familie5 in our sum)undin8 area. As part of the community hub, with funding aTrJ various donation5 we were able to set up the Lightwavcs foodbank in partnership Next Generation and two local mosques Swafia and Ghou5ia to Eespond to the requests for food during tlu"s difficult time. To support the running of community hub. we recruited volunteeT5 (over I10.people) through the NOVA website to help usrun the fothnk. wist with thebefriending of isolatin& shi¢lding and vulnerable members of our community, and thc administration of the hub I pmicct. After the publicity leatlet was delivery in the community. tW tlsks Started to develop for the hub and our volLmtee - an increase in peOnal shopping for iThlividuals and befriending phont cal& to check how individuals were th>ing. Soeial Pre5cribitig Projett The VCSE Heajth and Well-being Social Ptescribing Project¢ontinue5 to be delivercd by Next Geoerdtion engaging wtth members of the I(81 cornmuntty focusing on 'what mattus to rhem. and exploring their health and wellbeing. Thi5 prOjt w&s able to wnnect individuals to communiry groups and statutory services for practical and emotional $upporL One exampk of our yxial presuibing proie¢t was a pmgrnm of crtetive sessions and ectivi¢ies for women from Wakefield'5 Pakistsn and K&8hmir communities to help build their confidenc< resilience and supwrt netyvorks. explore and celebrate theiridentity culmioating in a sharing of th¢ir achievements the wider Community. 18 continued...
Llgbtwaves Community Trust Notes to the Fillaneial Statements- ¢ontinued for the Year Ended 30 September 2020 MOVEMENT ]N FUNDS- contiDued During th¢ wotshop4 the tArti¢ipants shared thtir stories arnl exper&tnces of being an Asian woman livit)8 in Wakefield. This creativ¢ prcKess has re¢orded th¢ir stories and experiew¢s, $0 they were able to share with the wid¢r onununity at a planned ¢el¢tffion evenL Thc participants had one to one support sessions, plus WOTkn"ng on their pejwnal ¢art plans (o meet their own goa15 they sei and We reviewed alknr the 12-week program. Results fwom the program helped to addres5 low self-esieem, so¢ial isolaiion. meeung n¢w people. mth.ng everlasting relationshJ"ps and learning something new. On average fifteen women per quarter atted and mpleI the program. Afier each quarter ihere w&s a celcbratiort eveni which helped raise the PTofile of the PfDgram and ¢ommemoratr the ach]"ev¢ments of the women. Att¢ndancc atthe eve0¢ was aAopp)rtimity to recruit1W rnbe and the munbcr5 gavc tk women a massivc boost. Pure LtapfroglBA Carbon Fund W¢ secuffd ndIng from British Airways Carl>on Fund administered tlLrough Pure LeapfTog for a new eost-effective water heating systrm for the building. This was fully exFThJed during the year. TrMfers behveem fitttds The transftrs a made from tF¢ restri¢t¢d fund when expn.re has be irrtuNed on items the grants and donatio were intended w ¢ov¢r. The resulted unrestticied generdl fuTKI has atiscn primarily frorn rentsls derived from the use of the centre and all future r¢SrceS earned will be for the purpose of the coniinuit)g of the centre. 12. RELATED PARTY DISCLOSURES ReTnun¢rdtion of £22.775 and £Nil was paid to the Generdl Manager and Assistant General Manager respectively. {2019: £21.364 and £2.408). These individuals arc also trLLStee5. No trustee rec¢ivedany retnunet8tionin theircapacity as trustee. No tslL$tre ¢laiJyKd oui of k¢t expenses fortsxvelling to Me]g$ (2019.. Nil) The Trt has arranEed Charity Trust As5ufdnce at a Cost of £267 (2019: £267). N¢xt G¢neration have provided a £32,(XJO (2019: £35.LU)) in(eres¢ fre¢ loan with no spe¢ific repayment ternu and this is shown in clItOrS". aTnounts fallin8 due in than one year. 19 continued...