REGISTERED COMPANY NUMBER: 08227390 (England and Wales) REGISTERED CHARITY NUMBER: 1150892
Lightwaves Community Trust Report of the Trustees and Financial Statements
Year Ended 30 September 2021
SMH Jolliffe Cork Ltd Chartered Accountants
33 George Street Wakefield West Yorkshire WF1 1LX
Lightwaves Community Trust
Contents of the Financial Statements for the year ended 30 September 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 to 10 |
| Notes to the Financial Statements | 11 to 19 |
| Detailed Statement of Financial Activities | 20 to 21 |
Lightwaves Community Trust
Report of the Trustees for the year ended 30 September 2021
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 30 September 2021. The trustees have adopted the provisions of Accounting and Reporting by 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The aim of the charity is to provide the residents of Wakefield district and the neighbourhood of College Grove and Pinderfields with a thriving community-run facility for sport, leisure, social and community activities to advance their well-being, health and prospects and to promote cohesion within the community.
Charitable object
The objects of the charity as outlined in the articles of association are "to further benefit the residents of Wakefield and elsewhere, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together said residents and the local authorities, voluntary and other organisations in a common effort to relieve poverty, advance education and to provide facilities in the interests of social welfare and for recreation and leisure time occupation with the object of improving conditions of life for the residents"
Public benefit aims and intended impact
The key benefit for the public has been that Lightwaves Leisure and Community Centre has been sustained and remained in business and open to the public for half of this period. Post lock-down Lightwaves continued to be used as a community anchor for assisting people in the community.
The Trust has continued to build on its reputation as a thriving community-run facility hosting education and learning, social, leisure and sports activities all of which significantly contribute to improving the well-being, health and employment prospects of local people and post Covid recovery activities.
Significant activities
Central government funding provided funding for Covid-related activities with these funds distributed through the Wakefield Council and the voluntary and community sector. The Covid-19 crisis receded in this period as the impact of mass vaccination took hold and helped protect many in the population. In this period usage of the centre gradually picked up over the year and we saw a return to pre-pandemic use patterns.
As a part of assuring the Trust's legal and institutional sustainability negotiations continued with Wakefield Council on renewing the terms of the lease for a longer leasing period (25 years and longer).
Lightwaves maintained a strong leadership role in promoting and sustaining community cohesion and inclusion and now hosts six different faith and religious groups. The centre plays a key role as facilitator for local faith groups providing a safe, multi-cultural and open environment for all communities.
Lightwaves Community Trust have built on a strong and successful record of partnership work with key local partners such as: Next Generation, The City of Sanctuary, the local councillors, Wakefield College, Wakefield Council, Public Health, Young Lives, NOVA, National Education Union, We Are Wakefield, Wakefield Bid, Wakefield Hospice, WDH Hatfield Court, Create Café, and Amnesty International.
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Lightwaves Community Trust
Report of the Trustees for the year ended 30 September 2021
ACHIEVEMENT AND PERFORMANCE
Trust Development
Trust governance was sustained throughout this period and mainly focussed on reconnecting with centre users, and the community with the relaxation of Covid lockdown rules.
The eighth year of the Trust remained another challenging period as the Trust sought to return to "normalised" working and opening hours. Covid safety arrangements were maintained to ensure centre users and local residents felt safe returning to use the centre on a daily basis.
In this period the main impetus of development work was around the consultation and follow-up processes around proposals of Wakefield Council to locate one of it three Youth Hubs at the Lightwaves Centre. Efforts continued to ensure that all current partners, sub-lease users and services using Lightwaves were engaged in the consultation process and kept informed of the discussions on the Centre's future.
Investment and funding bids
Across this period Lightwaves was in receipt of a series of external funding which helped ensure that the building and its staff remained accessible and that the community were supported in a range of different manners that sustained the Trust through an exceptionally difficult period. Activities such as supporting vulnerable members of the community and especially those in need of food bank help were a core part of Lightwaves' activities throughout this year.
In addition, as part of the Youth Hub development talks discussions with partners such as Wakefield College and Young Lives have taken place to ensure colleagues are aware of the emerging details and plans.
Estate section
Contact continued with Wakefield College to ensure that both parties were aware of developments and building maintenance issues and to work collaboratively on actively managing the Risk Register and ensure appropriate management and mitigation of risks and to look at opportunities where the Trust and head of Wakefield College's Sports and Public Services can maintain a positive working relationship that benefits both the users of the centre and Wakefield College students.
Planned maintenance
The Trust has worked with key partner Wakefield College to assure planned maintenance across the building and including the management of legionella, passenger lift, IT infrastructure and the heating and ventilation systems. There is a need to further improve planned maintenance, especially on the heating systems to ensure that the building is more environmentally sustainable.
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Lightwaves Community Trust
Report of the Trustees for the year ended 30 September 2021
FINANCIAL REVIEW
Overview
Lightwaves Community Trust continues to manage the Leisure Centre for public and community use. This is challenging but with the continuing provision of sound financial management and support from local organisations and both staff and volunteers a reduced range of community activities and opportunities have been successfully provided to the local and surrounding population. The onset of the COVID-19 pandemic and the closure of the Centre had a major financial effect on the Centre. Fortunately, various support and financial grants from Wakefield MDC, National Lottery and NOVA ensured financial viability and sustainability across this year, with a net income of £95,732 being reported for the year.
COVID 19
Following changes to government regulations and advice Lightwaves Community and Leisure Centre had re-opened in September 2020 with activities and centre users slowly returning to pre-pandemic patterns.
Income generation continued to lag behind previous levels. Various grants such as Wakefield MDC's Resilience Fund, National Lottery Covid-19 Response and the Covid Power to Change, and NOVA's Response Support Grant provided significant resources (totalling over £163,000) helped keep the Centre open and assisting people in a critical period.
Return to numbers using the centre was slow as there was still reluctance on the part of the public to use social spaces and sports' facilities but gradually across the year centre usage really picked up and by September 2021 demand exceeded space available.
Due to the pandemic, and in line with UK government advice and as much for convenience, no Trustee face-to-face meetings have been held since March 2020. However, the Chairman, General Manager and Treasurer have been in regular contact.
Principal Funding
In addition to the income generated by the charity trading activities, the main sources of funding are currently sports facilities income, and events income. A series of successful grant applications provided additional funds to a total of £163,868 to fund extra activities and facilities in the Centre.
A capital investment by Next Generation in the Centre is being repaid. More generally trustees recognise that efforts need to be maintaining on building up reserves and seeking out further capital investment in developing the Centre's facilities.
Reserves' Policy
The aims and objectives of our Reserves Policy are to:
a. Ensure a level of working capital to sustain the Centre and the ability to perform its charitable objectives. b. Ensure a level of funding to undertake new challenges and opportunities as they arise.
c. Ensure availability of funding to cover extraordinary expenditure and loss of revenue as a consequence of matters arising beyond the Trust normal day to day operations.
Underpinning the above aims and objectives, the Trust seeks to build up and hold a level of free reserves equivalent to two years' annual expenditure. The Trustees realise that this continues to be a long-term but necessary challenge that the Board must pursue. Sport facilities income is seasonal and fluctuates in comparison to rental income which has remained regular and helped sustain our working capital funds as well as fund staff wages and other fixed costs.
The Board of Trustees and staff continually seek to promote and implement creative and interesting income initiatives, grant applications and donations (both individual and corporate).
The Funding Strategy document and the revised three-to-five year Business Plan have had to be delayed in terms of implementation but various grant aid to deal with the Covid crisis has been a very welcome and important aspect of maintaining the Trust's reserves.
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Lightwaves Community Trust
Report of the Trustees for the year ended 30 September 2021
Investment powers, policy and performance
The trustees having regard to the liquidity requirements of operating the centre and to the Reserves Policy have maintained a policy of keeping available funds in an interest earning deposit account allowing immediate access as necessary.
Looking ahead
The Trust's overall strategy of enhancing income generation and improving sustainability remains a strategic goal. Similarly, the priority to seek major investment to enhance and up-grade the Centre's facilities continued. The proposed Youth Hub locating at Lightwaves Trust would assure substantial investment in the Lightwaves building to bring it up to modern standards and sustainable energy usage.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company was formed in 2012 and is limited by guarantee. It is registered with Companies House under company registration number 08227390. The charity was formed in 2013 and is registered with the Charity Commission under charity number 1150892.
Governing document
The charity is governed by its Memorandum and Articles of Association.
Recruitment and appointment of new trustees
Members of the board of trustees are appointed to represent Next Generation (2), Wakefield College (1), local community (4) and users of Lightwaves Leisure Centre (2).
Organisation, governance and management
The board of trustees, which can have up to thirteen members (nine trustees and four Board advisors), who are committed to making a success of the community management of Lightwaves, administer the charity. The board usually meets monthly and there are sub committees covering finance and audit, community fundraising, marketing and promotion and operational management. A general manager is appointed by the trustees to manage the day to day operations of the charity. To allow effective management, the general manager has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance and employment.
The charity also has a number of volunteer helpers who assist the paid staff with running the centre and an apprenticeship scheme operated in conjunction with Wakefield College which provides local young people with an opportunity to work at the centre for a period of twelve months.
The role of Next Generation CIC, who co-ordinated and led the successful asset transfer of Lightwaves leisure centre to community use, has been pivotal in providing the link between the day-to-day management of the centre and the strategic management provided by the trustees. Next Generation's long track record of working from Lightwaves on behalf of local people, (particularly young people from disadvantaged communities) meant Next Generation had both the trust and respect of local people together with a comprehensive knowledge of the Lightwave's building. This experience was invaluable to the Trust for as participating members of the trust board, Next Generation were able to provide project management expertise on behalf of the trust and take responsibility for managing and liaising with staff responsible for the day to day running of the centre.
Lightwaves Community Trust are committed to deepening and strengthening community involvement and on building on the excellent working relationship with Next Generation.
Induction and training of new trustees
Induction into the workings of the charity is carried out by trustees and senior managers already serving on the board with ongoing training being undertaken in house and by external visits to events and similar organisations.
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Lightwaves Community Trust
Report of the Trustees for the year ended 30 September 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT 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. The trustees have approved a risk management strategy which comprises:
a. an annual review of the risks the charity may face
b. the establishment of systems and procedures to mitigate those risks identified in the plan
c. the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
This work identified financial sustainability as the major financial risk for the charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
08227390 (England and Wales)
Registered Charity number
1150892
Registered office
Lightwaves Leisure Centre Lower York Street Wakefield West Yorkshire WF1 3LJ
Trustees
Mr B Moran (Retired) - resigned 26.01.22 Ms I G M Van Rijn (Community Centre Manager) Mr M Ayub (Community Centre Manager) Mr J Howard (FE College Director of Estates) Ms D Bracewell (Owner of a Tutoring Company) Mr J Coulton (Sports Facility Manager) Mr M McKigney (Economic Development Consultant) Ms S Bedford (Social Worker) Ms H Grocock (CEO Sight Aid)
Company Secretary
Ms I G M Van Rijn
Independent Examiner
Claire Lawton FCA DChA ICAEW SMH Jolliffe Cork Ltd Chartered Accountants 33 George Street Wakefield West Yorkshire WF1 1LX
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Lightwaves Community Trust
Report of the Trustees for the year ended 30 September 2021
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of Lightwaves Community Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 28 September 2022 and signed on its behalf by:
Mr M McKigney - Trustee
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Independent Examiner's Report to the Trustees of Lightwaves Community Trust
Independent examiner's report to the trustees of Lightwaves Community Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its 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 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 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.
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 ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Claire Lawton FCA DChA ICAEW SMH Jolliffe Cork Ltd Chartered Accountants 33 George Street Wakefield West Yorkshire WF1 1LX
28 September 2022
Page 7
Lightwaves Community Trust
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 30 September 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,425 Charitable activities Sports facilities income 39,489 Other trading activities 2 140,542 Investment income 3 12 Total 184,468 EXPENDITURE ON Charitable activities Management and administration 24,721 Events 2,572 Publicity and promotion 49 Premises 87,318 Total 114,660 NET INCOME 69,808 RECONCILIATION OF FUNDS Total funds brought forward 19,181 TOTAL FUNDS CARRIED FORWARD 88,989 |
Restricted funds £ 161,148 - - - 161,148 99,583 866 3,284 31,491 135,224 25,924 10,562 36,486 |
2021 Total funds £ 165,573 39,489 140,542 12 345,616 124,304 3,438 3,333 118,809 249,884 95,732 29,743 125,475 |
2020 Total funds £ 125,922 34,033 150,200 53 310,208 98,156 10,677 721 130,481 240,035 70,173 (40,430) 29,743 |
|---|---|---|---|
The notes form part of these financial statements
Page 8
Lightwaves Community Trust
Balance Sheet 30 September 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 - CURRENT ASSETS Debtors 8 27,901 Cash at bank and in hand 129,546 157,447 CREDITORS Amounts falling due within one year 9 (68,458) NET CURRENT ASSETS 88,989 TOTAL ASSETS LESS CURRENT LIABILITIES 88,989 NET ASSETS/(LIABILITIES) 88,989 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 28,976 - 7,510 7,510 - 7,510 36,486 36,486 |
2021 Total funds £ 28,976 27,901 137,056 164,957 (68,458) 96,499 125,475 125,475 88,989 36,486 125,475 |
2020 Total funds £ - 40,266 81,428 121,694 (91,951) 29,743 29,743 29,743 19,181 10,562 29,743 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 notes form part of these financial statements
continued...
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Lightwaves Community Trust
Balance Sheet - continued 30 September 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 28 September 2022 and were signed on its behalf by:
Mr M Ayub - Trustee
Mr M McKigney - Trustee
The notes form part of these financial statements
Page 10
Notes to the Financial Statements for the year ended 30 September 2021
Lightwaves Community Trust
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Going concern
The financial statements are drawn up on the going concern basis which assumes the Trust will continue in operational existence for the foreseeable future.
The Trust's principal sources of income are from the trading activities, sports events and event income. During this financial year, the activities of the Trust were once again impacted by the national Coronavirus lockdown restrictions, with mandated closures on leisure centre facilities in place for several months throughout the reporting period.
Where there have been opportunities for the Trust to take advantage of Coronavirus funding support this has been taken, and grant income has been received from funding bodies at both national and regional levels. This financial support has been fundamental to the Trust's financial wellbeing and continuity.
The Trustees monitor cash flow and the budget forecast and financial projections are updated on a regular basis taking onto consideration the changing economic and social climate.
New income streams are continually being evaluated and initiatives sought to balance against any future disruptions to the usual trading pattern. With the shadow of Coronavirus still looming in the background of our lives, a level of preparedness for any further impact on normal activity is considered as part our regular risk evaluation.
The Trustees forecasts indicate that the Trust will be able to maintain liquidity for a period of at least one year following the date of signing these financial statements and sustain its operational existence during the next twelve months and accordingly, the Trust accounts are appropriately prepared under the going concern basis.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
| Sports equipment | - 25% on cost |
|---|---|
| Fixtures and fittings | - 20% on cost |
No depreciation is charged in the year of acquisition and a full years depreciation is charged in the year of disposal. Tangible fixed assets are initially recorded at cost and the charity does not capitalise fixed assets which cost less than £1,000.
continued...
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Lightwaves Community Trust Notes to the Financial Statements - continued for the year ended 30 September 2021
1. ACCOUNTING POLICIES - continued
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.General fund balances are comprised of centre income and fundraising income for the general purposes of the centre.
Restricted fund balances are comprised of grants and donations from individual donors. The terms and conditions of the funds relate to specific requests at the time of receipt by the Trust. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Fees and other income
Fees receivable and charges made for services and use of premises are accounted for in the period in which the service is provided.
Grants and donations
Donations are accounted for in the period in which they are received or the amount receivable is known with certainty. Grants are reflected in proportion to the expenditure to which it relates. Grants and donations given for the general purposes of the centre are included in unrestricted funds
OTHER TRADING ACTIVITIES
2.
| Events catering income Miscellaneous income Rents receivable Cafe INVESTMENT INCOME Deposit account interest |
2021 £ 4,441 - 135,821 280 140,542 2021 £ 12 |
2020 £ 13,739 23 133,355 3,083 |
|---|---|---|
| 150,200 | ||
| 2020 £ 53 |
3. INVESTMENT INCOME
continued...
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Lightwaves Community Trust
Notes to the Financial Statements - continued for the year ended 30 September 2021
4. TRUSTEES' REMUNERATION AND BENEFITS
No Trustee received remuneration or other benefits for their work as Trustee during the year ended 30 September 2021. However, as disclosed in note 12, the General Manager was remunerated for their service as employee, in accordance with the Memorandum and Articles of Association.
Trustees' expenses
| Trustees' expenses | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Trustees' expenses | - | 26 |
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Management and administration Premises |
2021 2 4 6 |
2020 3 7 |
|---|---|---|
| 10 |
No employees received emoluments in excess of £60,000.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 78,799 Charitable activities Sports facilities income 34,033 Other trading activities 150,200 Investment income 53 Total 263,085 EXPENDITURE ON Charitable activities Management and administration 73,156 Events 7,516 Publicity and promotion 721 Premises 122,081 Total 203,474 |
Restricted funds £ 47,123 - - - 47,123 25,000 3,161 - 8,400 36,561 |
Total funds £ 125,922 34,033 150,200 53 310,208 98,156 10,677 721 130,481 240,035 |
|---|---|---|
continued...
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Lightwaves Community Trust
Notes to the Financial Statements - continued for the year ended 30 September 2021
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ NET INCOME 59,611 10,562 RECONCILIATION OF FUNDS Total funds brought forward (40,430) - TOTAL FUNDS CARRIED FORWARD 19,181 10,562 7. TANGIBLE FIXED ASSETS Fixtures Sports and equipment fittings £ £ COST At 1 October 2020 3,469 1,143 Additions - 28,976 At 30 September 2021 3,469 30,119 DEPRECIATION At 1 October 2020 and 30 September 2021 3,469 1,143 NET BOOK VALUE At 30 September 2021 - 28,976 At 30 September 2020 - - 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Trade debtors 26,483 Prepayments and accrued income 1,418 **27,901 ** |
Total funds £ 70,173 (40,430) 29,743 Totals £ 4,612 28,976 33,588 4,612 28,976 - 2020 £ 26,388 13,878 40,266 |
|---|---|
continued...
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Lightwaves Community Trust
Notes to the Financial Statements - continued for the year ended 30 September 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes Other creditors Accruals and deferred income |
2021 £ 13,429 - 29,000 26,029 68,458 |
2020 £ 32,694 974 32,000 26,283 |
|---|---|---|
| 91,951 |
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Grants Donations TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Grants Donations TOTAL FUNDS |
Net At movement At 1.10.20 in funds 30.9.21 £ £ £ 19,181 69,808 88,989 8,400 25,236 33,636 2,162 688 2,850 10,562 25,924 36,486 29,743 95,732 125,475 Incoming Resources Movement resources expended in funds £ £ £ 184,468 (114,660) 69,808 159,553 (134,317) 25,236 1,595 (907) 688 161,148 (135,224) 25,924 345,616 (249,884) **95,732 ** |
|---|---|
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continued...
Lightwaves Community Trust
Notes to the Financial Statements - continued for the year ended 30 September 2021
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Grants Donations TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: |
Net At movement At 1.10.19 in funds 30.9.20 £ £ £ (40,430) 59,611 19,181 - 8,400 8,400 - 2,162 2,162 - 10,562 10,562 (40,430) 70,173 29,743 |
Net At movement At 1.10.19 in funds 30.9.20 £ £ £ (40,430) 59,611 19,181 - 8,400 8,400 - 2,162 2,162 - 10,562 10,562 (40,430) 70,173 29,743 |
|---|---|---|
| 10,562 | ||
| 29,743 | ||
| Unrestricted funds General fund Restricted funds Grants Donations TOTAL FUNDS |
Incoming resources £ 263,085 41,800 5,323 47,123 310,208 |
Resources Movement expended in funds £ £ (203,474) 59,611 (33,400) 8,400 (3,161) 2,162 (36,561) 10,562 (240,035) 70,173 |
|---|---|---|
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continued...
Lightwaves Community Trust
Notes to the Financial Statements - continued for the year ended 30 September 2021
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Grants Donations TOTAL FUNDS |
Net At movement At 1.10.19 in funds 30.9.21 £ £ £ (40,430) 129,419 88,989 - 33,636 33,636 - 2,850 2,850 - 36,486 36,486 (40,430) 165,905 125,475 |
Net At movement At 1.10.19 in funds 30.9.21 £ £ £ (40,430) 129,419 88,989 - 33,636 33,636 - 2,850 2,850 - 36,486 36,486 (40,430) 165,905 125,475 |
|---|---|---|
| 36,486 | ||
| 125,475 |
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 Restricted funds Grants Donations TOTAL FUNDS |
Incoming resources £ 447,553 201,353 6,918 208,271 655,824 |
Resources Movement expended in funds £ £ (318,134) 129,419 (167,717) 33,636 (4,068) 2,850 (171,785) 36,486 (489,919) 165,905 |
|---|---|---|
RESTRICTED FUNDS
Foodbank
Since March 2020, when the first national lockdown began, things were very different for Lightwaves as we became a local community hub working in partnership with WMDC to offer support during the Covid 19 pandemic.
The development of our community hub role was to provide initially physical help (collection of medication and provide food parcels) to isolating and shielding vulnerable individuals and families in our surrounding area.
As part of the community hub, with funding and various donations we were able to set up the Lightwaves foodbank in partnership Next Generation and two local mosques Swafia and Ghousia to respond to the requests for food during this difficult time. To support the running of community hub, we recruited volunteers (over 110 people) through the NOVA website to help us run the foodbank, assist with the befriending of isolating, shielding and vulnerable members of our community, and the administration of the hub / project.
continued...
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Notes to the Financial Statements - continued for the year ended 30 September 2021
Lightwaves Community Trust
10. MOVEMENT IN FUNDS - continued
After the publicity leaflet was delivery in the community, new tasks started to develop for the hub and our volunteers - an increase in personal shopping for individuals and befriending phone calls to check how individuals were doing.
Social Prescribing Project
The VCSE Health and Well-being Social Prescribing Project continues to be delivered by Next Generation engaging with members of the local community focusing on 'what matters to them' and exploring their health and wellbeing. This project was able to connect individuals to community groups and statutory services for practical and emotional support.
One example of our social prescribing project was a program of creative sessions and activities for women from Wakefield's Pakistan and Kashmir communities to help build their confidence, resilience and support networks, explore and celebrate their identity culminating in a sharing of their achievements to the wider community.
During the workshops, the participants shared their stories and experiences of being an Asian woman living in Wakefield. This creative process has recorded their stories and experiences, so they were able to share with the wider community at a planned celebration event.
The participants had one to one support sessions, plus working on their personal care plans to meet their own goals they set and were reviewed after the 12-week program. Results from the program helped to address low self-esteem, social isolation, meeting new people, making everlasting relationships and learning something new.
On average fifteen women per quarter attended and completed the program. After each quarter there was a celebration event which helped raise the profile of the program and commemorate the achievements of the women. Attendance at the event was an opportunity to recruit new members and the numbers gave the women a massive boost.
National Lottery Community Fund
Lightwaves had experienced depletion of reserves in keeping the centre viable since the start of the pandemic, we applied to the National Lottery for loss of income and consideration of the changes we need to make and the cost implications, to attract users back into the centre. The funding helped the revenue costs to cover some staffing, heating, lighting and marketing and to make the building safe and risk free. Total funding £49,564
Power to Change
The Power to Change grant was for a part share of the capital works on the building to make it safe for the public to come into the centre and then feel safe once they were using the building. We had newly fitted automated entrance doors, a new internal and external modern digital CCTV system, and cleaning products/equipment that could deal with the COVID-19 virus. Total funding £49,800
West Yorkshire Sport Tackling Inequalities
Help to promote the centre to encourage sports groups to feel safe and confident to come back into using facilities to break the cycle of social isolation and poor mental health and broaden participation within the BAME community. Total funding £7,343
NOVA Support Fund
During the pandemic Lightwaves has been a lifeline for many communities; many within our local community had experienced significant difficulties which meant that we needed to adjust our activities to support them. The NOVA fund has helped Lightwaves to develop and the setting up of the foodbank for those experiencing financial hardship, including food deliveries for vulnerable residents and those isolating. Some of the funding has also gone towards match funding with the other pots to complete capital works. Total funding £19,285
continued...
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Notes to the Financial Statements - continued for the year ended 30 September 2021
Lightwaves Community Trust
10. MOVEMENT IN FUNDS - continued
The Big Feed
Wakefield Council funding to help address social isolation, and to provide a hot meal to anybody who needed it. We set up a check in and chat on the door step program where we would go into the local community knock on their door see how they were doing, see if they needed anything and if we could help, sign post them or make a referral and then leave them with some soup and then call in the following week. When the program finished, we continued the work by getting all the people to come into a weekly drop in where they could meet other local people make new friendships and enjoy a hot meal together. Total funding £1,000
Wakefield Happy, Healthy Holidays
In Summer 2021, Lightwaves Community Trust, in partnership with Next Generation, received funding through the Happy Healthy Holidays initiative, to work with the local primary and secondary schools and the 3 local mosques, to accommodate 160 young people, as well as deliver for 6 hours a day 4 days a week for 4 weeks in the holidays and provide a warm healthy meal every day
We delivered, inclusive activities, giving young people, aged 8-16, opportunity to experience new challenges, make new friends and learn skills. The activities were designed to improve fitness, encourage healthy eating and develop creativity. Total funding £24,960
Emergency Assistance
The Emergency Assistance grant helped Lightwaves foodbank which is a partnership between Next Generation, Swafia, Ghousia and Bilal Mosque to help restock much needed food supplies so we could continue supporting our local community. Total funding £8,000
Transfers between funds
Transfers are made from the restricted fund when expenditure has been incurred on items the grants and donations were intended to cover.
The resulted unrestricted general fund has arisen primarily from rentals derived from the use of the centre and all future resources earned will be for the purpose of the continuing use of the centre.
11. RELATED PARTY DISCLOSURES
Remuneration of £22,771 and £Nil was paid to the General Manager and Assistant General Manager respectively (2020: £22,775 and £Nil). These individuals are also trustees. No trustee received any remuneration in their capacity as trustee.
No trustee claimed out of pocket expenses for travelling to meetings (2020: £26)
The Trust has arranged Charity Trust Assurance at a cost of £266 (2020: £267)
In 2020 Next Generation provided an interest free loan with no specific repayment terms. The balance of this is shown in creditors; amounts falling due in less than one year - 2021: £29,000 (2020: £32,000).
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Lightwaves Community Trust
Detailed Statement of Financial Activities for the year ended 30 September 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Other trading activities Events catering income Miscellaneous income Rents receivable Cafe Investment income Deposit account interest Charitable activities Sports facilities income Total incoming resources EXPENDITURE Charitable activities Trustees' salaries Wages Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Computer costs Professional fees Licences Protective clothing Staff training Cleaning Carried forward |
2021 £ 1,705 163,868 165,573 4,441 - 135,821 280 140,542 12 39,489 345,616 22,771 88,131 3,123 1,531 31,668 2,748 52 1,147 476 1,360 986 4,386 - 3,398 161,777 |
2020 £ 7,820 118,102 125,922 13,739 23 133,355 3,083 150,200 53 34,033 310,208 22,775 111,451 2,455 1,416 26,655 2,329 36 174 229 2,597 954 523 621 3,266 175,481 |
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This page does not form part of the statutory financial statements
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Lightwaves Community Trust
Detailed Statement of Financial Activities for the year ended 30 September 2021
| Charitable activities Brought forward Equipment Security Repairs and maintenance Waste management Events expenditure Publicity and promotion Fundraising Volunteer expenses Bad debt provision Bank charges Project delivery Streamline merchant services Support costs Other Trustees' expenses Independent examiners fee Total resources expended Net income |
2021 £ 161,777 5,426 6,467 14,415 2,388 3,438 1,665 110 - - - 51,641 742 248,069 - 1,815 1,815 249,884 **95,732 ** |
2020 £ 175,481 50 5,783 16,682 2,584 7,516 941 - 3 750 45 28,161 528 238,524 26 1,485 1,511 240,035 70,173 |
|---|---|---|
This page does not form part of the statutory financial statements
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