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2022-12-31-accounts

ILKLEY COMMUNITY ENTERPRISE LIMITED

ANNUAL REPORT AND ACCOUNTS

For the year ended 31[ST] DECEMBER 2022

Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

CONTENTS

Section

1. Introduction

2. Purpose, aims, operations and achievements

3. Structure, governance and management

4. Financial review

5. Plans for future periods

6. Financial statements and independent review

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

1.0 Introduction

The Trustees are pleased to present their annual report together with the charity’s financial statements for year ending 31[st] December 2021: these are also prepared to meet the Companies Act requirements for a director’s report and accounts. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 2015).

2. Purpose, objectives, operations and achievements

2.1 The charity purposes and aims

Our charity’s purposes as set out in the objects contained in the company’s Memorandum and Articles of Association are:

To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.

The aims of our charity are to increase the levels of social and economic integration, independence and inclusion for young people and adults with a particular focus on people with learning disabilities and the elderly.

2.2 Main Business Operations and Achievements

We deliver our purpose through a number of business operations. This year, these have included:

Outside the Box Community Café

Our inclusive community café, which fully reopened in October 2021 at our new premises at The Arcade, made good progress over 2022 in its recovery from the impact of the COVID pandemic. The café grew its customer base and continued to provide the key setting for delivery of our Working Life service, supporting adults with learning disabilities to gain work experience, employability skills and personal development. Innovating our menu, expanding our community links and providing a venue for a diverse range of events, meetings and local activities as well as expanding the number of members (clients of our Working Life service) benefitting from this unique social enterprise, all contributed to the recovery and growth of this critical part of our business operations. We continued to use the experience gained through involvement in our Working Life sessions at the café and our partnership working with local employers, as a springboard for our members to gain paid employment.

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

Outside the Box Member Services

Our OTB Choices operation strengthened and developed the range of courses, workshops and activities provided to young people and adults with a learning disability, offering more opportunities for our client community to lead more independent, fulfilled and healthy lives. Developments in our service offer included new provision on mental health and wellbeing (OTB Headspace), physical health/ staying healthy (Fit & Fun) and Digital Skills. In June 2022, following additional refurbishment works, our Choices services were relocated to the upper floor of The Arcade, enabling more integrated working across our services and an increased number of people with a learning disability to be involved with Outside the Box.

Carers and Companions

Through this business, we deliver homecare and support to elderly people and people with health conditions, physical and learning disabilities. During 2022 we continued to build on our Care Quality Commission (CQC) rated ‘outstanding’ care quality and market-leading reputation, delivering excellent care and support to those in need in our local community. Alongside our elderly care service, we had significant growth in demand for our Independent Living Services, providing home and community support to an increasing number of adults with learning disabilities. In the latter part of 2022, we also relocated Carers and Companions to our new premises at The Arcade.

2.3 Our staff team

Over the period we have continued to develop our workforce, taking proactive measures to recruit, retain and support the employees we need to deliver our vision and business objectives. Whilst skills and labour shortages nationally and locally, particularly in our two main operational sectors of catering/hospitality and health and social care, increased over the year, our competitive employment offer and reputation for quality and innovation, have helped us to mitigate the impact of these on our work and overall staff recruitment and retention levels

We thank all our employees for their continued commitment and contribution to the work of the charity.

2.4 Our volunteers

The COVID pandemic, together with economic turbulence of 2022 including soaring inflation and energy costs, have adversely affected the levels of formal volunteer involvement not just in our organisation but also across the charity sector as a whole. A wide variety of factors account for this including for example, more competition for volunteers, younger people re-setting their priorities (catching up on education, social activities, travel), the impact of the cost of living crisis (more people needing to pursue paid employment), home/remote working patterns and both health concerns and care responsibilities affecting volunteering amongst older/retired people.

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

Re-engaging and retaining volunteers continues to be priority for the charity and we remain deeply appreciative of the time and support given to us by our team of community volunteers.

2.5 Our approach and values

Central in our approach to delivering our charitable objectives is the design and delivery of the highest standards of services and support for our members, clients, volunteers, customers and our local community. We recognise and value the contribution that can be made by all and are committed to treating everyone regardless of ability, age, gender, experience, status, faith or ethnic group with respect and to providing a positive, supportive and welcoming environment across all our business operations.

Our core values, informing all that we do, are as follows:

3.0 Structure, governance and management

3.1 Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 18 October 2012 and registered as a charity on 19 April 2013. The company was established under a Memorandum and Articles of Association identifying the objects and powers of the company and is governed by this document.

3.2 The Board

The Directors of the company are also charity Trustees for the purposes of charity law and comprise the Board for the charitable company. All Directors/Trustees give their time voluntarily and receive no benefits from the charity.

The following changes in Trustees/Directors occurred in period:

Appointments Jeremy Moore 19[th] April 2023

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

Resignations

Phillip Howell October 2022

The Board is well represented in terms of the expertise and skills necessary to effectively lead and manage the charity with our Trustee Directors providing a broad knowledge and skills base. This includes:

The Board is supported by our CEO, Louise Hale. One of the founders of the charity, Louise is highly qualified (MBA, PGCE in Adult Education) with over 35 years’ experience in strategic, operational and consultancy roles in post-16 education, training and employment, business development, regeneration, research and competitive tendering and funding.

We are committed to maintaining a broad and appropriate skills mix on the Board and to ensuring a diversity of membership that adequately reflects our overall business, the scope of our services and the needs of our members, volunteers, customers and stakeholders. We openly communicate opportunities for Board involvement and Trustee recruitment and have a clear procedure for recruiting and selecting potential new Trustees.

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

3.3 Trustee Induction and Training

Trustees are familiar, through their involvement with other charitable organisations and practical involvement with the charity, with both the obligations of Board members and the detailed operations of the charity. New Trustees are provided with appropriate induction and training and an annual review is implemented to identify and agree action to address training and support needs of all Board members.

3.4 Management and Structure

The Board is responsible for the strategic direction, leadership, management and policy of the charity. The Board is supported in its work by the charity’s Chief Executive and an Accountant and Company Secretary (paid, part-time). The Board meets monthly and uses sub-groups e.g. project development, quality, to support delivery of strategic and operational priorities with the charity’s management team. The Chief Executive and Business/Service managers work to agreed levels of delegated authority reporting to the Board on a monthly basis.

We monitor, and revise as appropriate, our organisational structure and staffing to ensure that we have the right resources, skills and expertise to fully deliver our charitable objects. Towards the latter part of the year, we undertook some remodelling of our structure to respond to key developments and service demand and these changes were implemented in late 2022 into early 2023.

3.5 Related Parties

We work with a wide range of organisations, groups and individuals in the delivery of our objects. These include: the families of our members and clients; Local Authorities, funding and commissioning bodies; local NHS staff, GP surgeries, health centres and other health and social care professionals; local businesses, employers and community organisations; schools, colleges and other education and training providers; civic bodies; and many other charities and social enterprises. We continue to strengthen and expand our links to support the delivery of our objects and ensure that we meet the changing needs of our members, volunteers, clients, customers and wider local community.

3.6 Responsibilities of the Board

Company law requires the Board to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure for the financial year.

In preparing the financial statements, the Trustees are required to:

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information.

3.7 Supporters and donors

We thank all those organisations who have provided us with financial support over the year including the following: Igen Trust; Lloyds Bank Foundation; The Duke of Devonshire Trust; Bradford Metropolitan District Council Day Opportunities Programme; DCMS Community Match Challenge; The Graham and Diane Smith Charitable Trust; Natwest Bank (Bounce Back Loan); and Charity Bank (Loan).

We also thank all those who have made private donations to the charity.

4.0 Financial Review

The charity, through the meticulous management of our cashflow, substantial success in securing grant and other funding and continuing service delivery through Outside the Box and Carers and Companions, generated a small profit on unrestricted funds. Net loss for the year was £62,391 including a net loss of £99,672 on unrestricted funds and net surplus of £37,281 on restricted funds. Unrestricted reserves were £136,472 at year end.

4.1 Principal Funding Sources

The main income streams for the charity comprised: trading income from OTB cafe; fee income for OTB member services; grant funding; and contributed trading income from Carers and Companions. Other income was from a number of sources including corporate and individual donations.

4.2 Main expenditure

The major expenditure of the charity related to: the operation of Outside the Box (Café, Working Life and Choices); service delivery by Carers and Companions; and investment into the refurbishment of The Arcade premises.

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

4.3 Investment Policy

Aside from retaining a prudent level of reserves each year, the charity’s funds will be invested in activities to further the objects as set out in our Memorandum and Articles of Association. The Board is committed to reinvesting any surplus funds and will on an annual basis review the charity’s investment priorities and agree relevant investments to meet identified needs and opportunities aligned to our objects.

4.4 Reserves Policy

The charity implements a reserves policy, agreed by the Board, that addresses the main risks to the organisation, ensures that unrestricted funds and operating surpluses are maintained at a sufficient level to enable activities to be continued at a sustainable level in the event of significant changes in our business operation.

In line with our loan agreement with The Charity Bank, we retain a designated £15,000 in a Charity Bank account.

4.5 Risk Management

The Trustees have a risk management strategy that comprises:

The Board, at its monthly meetings, reviews safeguarding risks and issues, the currency of accreditations and training for relevant risks including health and safety, food hygiene and information security. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place, and regular training for staff and volunteers working in all relevant operational areas.

5.0 Plans for Future Periods

We remain committed to and focused on securing a full recovery, renewed growth and increased service reach and impact across all our business operations. Our plan is to continue to provide excellent service and new opportunities for our members, clients, customers and wider community. Fully harnessing the potential of our flagship premises, expanding our service delivery to meet real need and demand and enabling our clients to have the best possible lives, are all central in our future plans.

6. Financial Statements and Independent Review

In line with recommended best practice from the Charity Commission, the charity’s financial statements for year ending 31 December 2022 have been subject to Independent Review and approved by a fully qualified Independent Reviewer.

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

Reference and Administrative Information

Charity Name: Ilkley Community Enterprise Ltd Charity Registration Number: 1151706 Company Registration Number: 08259045 Registered Office: Outside the Box Cafe The Arcade South Hawksworth Street Ilkley West Yorkshire LS29 9DY Operational Address (1): Outside the Box Cafe The Arcade South Hawksworth Street Ilkley West Yorkshire LS29 9DY Operational Address (2): Carers and Companions The Arcade South Hawksworth Street Ilkley West Yorkshire LS29 9DY

Accountant and Company Secretary

Ms Jody Kendall ACA

Approved by the Board on 13[th] September 2023

Mr Graham Smith (Chair) Ilkley Community Enterprise Ltd

Acknowledgments

The work and achievements of the charity would not be possible without the advice, support and generosity of many individuals, groups and organsiations. We wish to express our thanks and appreciation for all those who support us.

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

The Trustees Ilkley Community Enterprise Ltd

Outside the Box

The Arcade South Hawksworth Street Ilkley West Yorkshire LS29 9DY T: 01943 431173 E: cafe@outsidetheboxcafe.com W: www.outsidetheboxcafe.com

Carers and Companion s The Arcade South Hawksworth Street Ilkley, West Yorkshire LS29 9DY T: 01943 609484 E: enquiries@carersandcompanions.co.uk W: www.carersandcompanions.co.uk

Ilkley Community Enterprise Ltd Company number 08259045 Registered Charity Number 1151706

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

ACCOUNTANTS' REPORT TO ILKLEY COMMUNITY ENTERPRISE LIMITED ON THE UNAUDITED ACCOUNTS

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the FCCA.

It is my responsibility to:

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

· to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed

Date 31/7/2023

Michael Daly FCCA 103 The Gills Otley West Yorkshire LS21 2BY

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2022

Income
Donations and legacies
Fundraising, Donations and Grants
Donations from subsidiary
Income from charitable activities
Café and Choices
Income from other trading activities
Victorian Arcade Rental income
Total Income
Expenditure
Expenditure on charitable activities
Operation of Café and Choices
Total Expenditure
Net income/(expenditure) and net
movement in funds for the year
Reconciliation of funds
Total funds brought forward
Transfer of funds
Total Funds Carrried Forward		 2022
2021
Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
£
£
£
£
33,385
103,074
136,459
223,527
29,000
-
29,000
49,698
416,330
-
416,330
197,967
-
-
-
1,667
478,715
103,074
581,789
472,859
562,680
65,793
628,473
507,069
562,680
65,793
628,473
507,069
(83,965)
37,281
(46,684)
(34,210)
196,477
2,386
198,863
233,073
-
-
112,512
39,667
152,179
198,863

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

BALANCE SHEET AS AT 31 DECEMBER 2022

Non current assets
Fixed assets
Current assets
Stock
Cash at Bank and in hand
Debtors
Total Assets
Current liabilities
Current Liabilities (note 12)
Net current assets
Long Term Liabilities
Net Assets
Funds of the Charity
Unrestricted Funds
Restricted Funds		 £
£
£
£
631,815
651,003
631,815
651,003
4,636
1,786
40,255
26,443
66,683
64,610
111,574
92,839
743,389
743,842
(142,466)
(79,018)
(142,466)
(79,018)
600,923
664,824
448,744
465,961
152,179
198,863
112,512
196,477
39,667
2,386
152,179
198,863
2022
2021
112,512
39,667

The financial statements were approved by the board of trustees on Date: 13/09/2023 Signed: (Chair)

Name G Smith

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

NOTES TO THE ACCOUNTS AS AT 31 DECEMBER 2022

1 Basis of Preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statatement

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 2015) - (Charities SORP (FRS 102)),

the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. No restatement of prior year balances was required to bring the comparative figures in line with the accounting policies required by FRS 102 and the Charities SORP FRS 102.

The company is exempt from the preparation of a cashflow statement under FRS 102

The company is exempt from the preparation of consolidated accounts and an audit as the turnover of the combined entity

is below £1million, as per the Charities Commission.

2 Accounting Policies

Going Concern

The Trustees have no material uncertainties that the Charity will not continue as a going concern.

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SoFA) when:

Incoming resources with related expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources

and related expenditure are reported gross in the SoFA.

Grants and donations

Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

Tax reclaims on donations and gifts

Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.

Contractual income and performance related grants

This is only included in the SoFA once the related goods or services have been delivered.

Gifts in kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable.

Donated services and facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit

to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

NOTES TO THE ACCOUNTS AS AT 31 DECEMBER 2022

2 Accounting Policies (continued)

Grants with performance conditions

Where the charity receives a grant with conditions for its payment being a specific level of service or output to

be provided, such grants are only recognised in the SoFA once the specified service or output has been met.

Grants payable without performance conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met.

Grants are released in line with the expenditure that meets the conditions of the grant. Where grants include

the acquisition of fixed assets, the fixed assets arre written off fully in line with the grant release to the

Members Income

Members are invoiced at the end of each month that they work, based on their contracted hours in the month.

Assets

Non current assets

Tangible assets are valued at cost or net realisable value and amortised over the following rates Long Leasehold - 10 years

Equipment - 3 years

Stocks and work in progress

These are valued at the lower of cost or net realisable value.

Legal status of the Charity

The Charity is a Charitable Company Limited by Guarantee.

Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Axt 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its chariable objects.

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

NOTES TO THE ACCOUNTS AS AT 31 DECEMBER 2022

3 Income from charitable activities
Café - Takings
Members income
All income for 2022 and 2021 is unrestricted.
4 Expenditure on charitable activities
Café - Food & Drink
Member Services
Wages (inc PAYE and NI)
CEO
Rent and rates
Promotion and website
Insurance
Gas and Electric
Print postage and stationary
Fixtures and fittings
Professional fees
Training
Victorian Arcade expenses
Depreciation
Irrecoverable VAT
Restricted spend
C&C Contribution		 2022
2021
£
£
155,553
34,818
260,777
163,149
416,330
197,967
2022
2021
£
£
53,902
9,625
20,696
9,945
250,963
129,789
33,600
25,412
63,099
39,819
515
278
3,472
3,012
24,112
3,767
5,762
3,413
4,969
2,936
8,058
2,280
417
510
6,559
10,458
103,504
95,415
(952)
42,099
65,793
128,311
(15,996)
628,473
507,069

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

NOTES TO THE ACCOUNTS AS AT 31 DECEMBER 2022

5 Fees for examination or audit of the accounts
Independent examiner’s or
auditors' fees for reporting on
the accounts
6 Paid Employees
6.1 Staff Costs
Gross wages, salaries and benefits in kind
Employer’s National Insurance costs
Pension costs		 2022
2021
£
£
-
-
2022
2021
£
£
260,771
181,435
14,611
10,988
4,946
3,058
280,328
195,481

In this financial year nil has been claimed under the Government CJRS Scheme (2021: £51,590). Grant claims have been recognised in 2021 line with the period to which the employees are furloughed. All shown within unrestricted funds

6.2 Average number of full-time equivalent employees in the year Average employees 29 (2021: 22)

Average FTE employees 15.4 (2021: 7)

No employees had employee benefits in excess of £60,000.

Highest paid employee earned £27,443 (2021 £32,635).

There has been no Trustee remuneration or any expense claims in this period or the prior period.

7 Fixed Assets

Assets
Brought Forward
Additions
Carried Forward
Depreciation
Brought Forward
Depreciation
Carried Forward
Written down value 2022
Written down value 2021		 Long
Leasehold
Café
Equipment
Office
Equipment Total
£
£
£
£
753,848
83,200
3,329
840,377
81,986
2,330
-
84,316
835,834
85,530
3,329
924,693
138,916
47,129
3,329
189,374
83,583
19,921
-
103,504
222,499
67,050
3,329
292,878
613,335
18,480
-
631,815
614,932
36,071
-
651,003

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

NOTES TO THE ACCOUNTS AS AT 31 DECEMBER 2022

8 Acquisition of Victorian Arcade

On the 5th October 2018 the Charity acquired the Victorian Arcade (South Hawksworth Street, Ilkley).

Purchase price
Charity Bank Loan
Loan from the G & D Smith Charitable Trust		 £
466,000
266,000
200,000
466,000

The terms of the Charity Bank Loan, a 20 year loan at 3.5% above the B of E base rate, monthly repayments of capital and interest.

A condition of the loan is to hold £15,000 in a bank account at Charity bank, this is shown within current account.

Loan arrangement fee of £1,160 has been expensed in 2018.

The terms of the G & D Smith Charitable Trust Loan, at 4.5% above the B of E base rate. Interest accruing on the loan in the year is included in creditors at the year end.

9 Net income/(expenditure) for the year

This is stated after charging
Depreciation
Bank Interest Payable		 2022
2021
£
£
103,504
94,832
24,448
9,059
127,952
103,891

10 Debtors

Members debtor
Accrued income
C&C donation		 2022
2021
£
£
17,976
20,757
19,141
13,773
29,567
30,080
66,684
64,610

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

NOTES TO THE ACCOUNTS AS AT 31 DECEMBER 2022

11 Creditors: amounts falling due within one year

Trade Creditors
Tax and social security
G&D Smith Short Term Loan
G&D Smith accrued interest
Charity Bank Loan
Nat West Loan		 2022
2021
£
£
85,461
43,615
8,889
7,106
10,000
0
19,453
7,700
8,015
9,949
10,648
10,648
142,466
79,018

12 Creditors: amounts falling due after more than one year

12 Creditors: amounts falling due after more than one year
Secured Charity Bank loan (falling due in less than 5 years)
Nat West Loan (falling due in less than 5 years)
Secured Charity Bank loan (falling due in more than 5 years)
G&D Smith Trust unsecured loan		 2022
2021
£
£
49,650
50,010
24,758
34,028
174,336
181,923
200,000
200,000
448,744
465,961

The secured bank loan is secured on the Victorian Arcade property which has a depreciated cost of £613,355 (note 7) , the terms of the security provide for the lender to claim title to the property in the event of a default on principal and interest payments of more than 6 months in duration. Nat West Loan is a Bounce back loan for £50,000, the loan is Government backed. The Nat West bounce back loan repayments commenced in July 2021. The loan from the G&D Smith Trust is an unsecured loan.

13 Analysis of Charitable funds

Analysis of movement in unrestricted funds
Opening unrestricted funds
Movement in the year
Closing unrestricted funds		 2022
2021
£
£
196,477
140,746
(99,672)
55,731
96,805
196,477

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Ilkley Community Enterprise Ltd Year Ended 31[st] December 2022

NOTES TO THE ACCOUNTS AS AT 31 DECEMBER 2022

14 Analysis of Charitable funds

Analysis of movement in restricted funds 2022

Analysis of movement in restricted funds 2022
IGEN Trust
BMDC
Access to work
Lloyds
National Lottery		 Opening
Balance
Income
Expenses Transfer
Closing
Balance
(1,953)
20,000
(14,041)
4,006
4,339
18,802
(20,273)
2,868
1,272
(1,272)
0
0
27,250
(27,250)
0
0
35,750
(2,957)
32,793
2,386
103,074
(65,793)
0
39,667

Analysis of movement in restricted funds 2021

IGEN Trust
BMDC
G&D Smith restricted fund
BMDC Infection control
Devonshire Trust
Lloyds
Lloyds DCMS Community Match Challenge		 Opening
Balance
Income
Expenses Transfer
Closing
Balance
0
17,100
(19,053)
(1,953)
647
18,000
(14,308)
4,339
36,205
0
0
(36,205)
0
0
9,475
(9,475)
0
0
5,000
(5,000)
0
0
25,000
(25,000)
0
55,475
(55,475)
0
92,327
74,575 (128,311)
(36,205)
2,386

21

Ilkley Community Enterprise Ltd Year Ended 31 December 2022 22