2022-12-31-accounts

CHARITY REGISTRATION NUMBER: 1155442

Stow Park Community Centre Unaudited Financial Statements

31 December 2022

ELLIS LLOYD JONES AUDIT LIMITED

Chartered accountants 11 Park Square Newport South Wales NP20 4EL

Stow Park Community Centre

Financial Statements

Year ended 31 December 2022

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	5
Statement of financial activities	6
Statement of financial position	7
Notes to the financial statements	8

Stow Park Community Centre

Trustees' Annual Report

Year ended 31 December 2022

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2022.

Reference and administrative details

Registered charity name Stow Park Community Centre Charity registration number 1155442 Principal office Brynhyfryd Road Newport South Wales NP20 4FX The trustees R Prosser S Jones (Chair) D Clason (Treasurer) W Clason (Secretary) J Matthews Independent examiner K Williams BSc BFP FCA

1

Stow Park Community Centre

Trustees' Annual Report (continued)

Year ended 31 December 2022

Structure, governance and management

The Charity is governed by its Constitution dated 8 January 2014.

Appointment and Training of Trustees

All of the charity trustees shall be appointed from time to time by Stow Park Ecumenical Partnership, which is the appointing body. Any appointment must be made at a meeting held according to the ordinary practice of the appointing body and each appointment must be for a term of 4 years. When elected, new trustees are presented with an information pack giving details of their responsibilities and are provided with other information and training when required.

Organisation

The trustees, who meet regularly, are responsible for the organisation and administration of the Centre. The day to day running of the Centre is devolved to the Operational Manager.

Related Parties

The Charity has no related parties.

Health Help International

The Charity works closely with Health Help International, an independent registered charity working in Zambia and India, whose objects are to relieve persons who are in conditions of need, hardship or distress by reason of their social or economic circumstances by the provision of facilities, buildings, equipment, medication or other necessary supplies. The Charity provides office accommodation free of charge.

Risks

The trustees continue to review the risks facing the Charity, which include securing sufficient funding to enable the trustees to fulfil the primary objectives. Other risks include non-compliance with the relevant laws and regulations affecting the day to day activities of the Centre.

2

Stow Park Community Centre

Trustees' Annual Report (continued)

Year ended 31 December 2022

Objectives and activities

The objectives of the CIO are the provision, alone or in conjunction with others, of facilities for the benefit of the public, in order to relieve poverty and any other need, in particular through reason of youth, age, ill-health, disability, unemployment or social deprivation. In determining the charity objectives, the trustees have had regard to the Charity Commission's guidance on public benefit and are of the opinion that the activities undertaken further the charities purposes for the public benefit.

Staff and Volunteers

The Charity is administered by trustees, the majority of whom are unpaid volunteers . The trustees are very grateful to the Centre staff, who work extremely hard, particularly in administering the hiring of rooms and food bank project and to all the volunteers, without whose help other activities could not be run.

Community Centre Activities

The coffee bar offers light refreshments and is used to support people seeking peace, help and guidance. Community organisations hiring the Centre for their own activities include the Lighthouse Centre, Barnardo's, the Parkinson's Society, counselling and mediation groups, dance and fitness groups and general purpose hire including children's parties. Although the Centre staff are remunerated, it relies heavily on volunteers who give their time freely for which the Membership are very grateful.

Achievements and performance

Food Bank

Providing food for those who cannot afford it for themselves is a large part of our work. Sent to us by Social Services and other agencies, the numbers we have helped during this period has grown. The cost of the food is funded by donations, both monetary and in kind, and by working with the Trussell Trust. We are also able to signpost clients to other organisations, should they need further assistance.

Community Meals and 'Warm Space'

Organised community lunches offer the opportunity for people to gather for a meal in a warm environment. Members of the community are also able to drop in for coffee and a chat, this sometimes helps alleviate loneliness and increases the prospect of making new friends.

Other Facilities

A Christians Against Poverty Lifeskills course is available for people to attend if they find they are struggling with personal finances.

Create and Chill is an art class offered for people to explore feelings and develop motor skills through visual self expression.

IT training is also offered to develop skills for the workplace.

3

Stow Park Community Centre

Trustees' Annual Report (continued)

Year ended 31 December 2022

Financial review

The total income amounted to £71,527 (2021: £170,307), with restricted income of £26,353 (2021: £87,160) going towards specific projects and activities. This includes donations from our Members and supporters, who are keen to be financially involved in the work our Centre is doing in the Community. The donations have helped us buy food to support our Food Bank and to feed the homeless.

Total income includes grant funding of £34,652 (2021: £110,675). Grants have been particularly high in the past 2 years due to the Covid-19 pandemic and relating government and other support available. Now things are back to 'normal', grant funding has returned to pre-pandemic levels. Income from charitable activities which was however severely impacted by the Covid-19 pandemic, has recovered and was £30,982 for the year compared to £13,895 in 2021. The income was mainly from the hire of the community centre.

Total expenditure amounted to £91,639 (2021: £123,136), which includes the charge for depreciation of £4,417 (2021: £3,844). The total net decrease in funds amounted to £20,112 (2021: increase of £47,171). There was a deficit in unrestricted funds of £5,244 (2021: surplus of £44,645) and a deficit in restricted funds of £14,868 (2021: surplus of £2,526). This was due to delayed projects for which restricted funds were received in earlier years, taking place during 2022 and so the funds were expended this year.

Reserves Policy

The trustees have established a reserves policy to equal three months running costs and will be working towards this over the next few years. Whereas they recognise their responsibilities to spend the monies given within a reasonable time, they are also mindful of the need to hold funds in reserve to meet the risk of falling income and to fund an effective exit strategy should the Charity have to be closed. At the end of this financial year the amount of available funds amounted to £68,012 (2021: £92,003) which excludes all fixed assets funded through unrestricted funds and restricted funds.

Plans for future periods

The Trustees will endeavour to continue to operate the principal activities of the Centre, including working with the homeless, operating the food bank and training young people for work through the various training and support schemes. The focus is on maintaining the Foodbank for the benefit of those in need.

The trustees' annual report was approved on .............................. and signed on behalf of the board of Oct 30, 2023 trustees by:

Sheila Jones

Sheila Jones (Oct 30, 2023 14:16 GMT)

S Jones (Chair) Trustee

4

Stow Park Community Centre

Independent Examiner's Report to the Trustees of Stow Park Community Centre

Year ended 31 December 2022

I report to the trustees on my examination of the financial statements of Stow Park Community Centre ('the charity') for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Kara Williams

Kara Williams (Oct 30, 2023 15:18 GMT)

K Williams BSc BFP FCA Independent Examiner

Ellis Lloyd Jones Audit Limited 11 Park Square Newport NP20 4EL

Oct 30, 2023

5

Stow Park Community Centre

Statement of Financial Activities

Year ended 31 December 2022

			2022		2021
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	13,693	26,353	40,046	156,412
Charitable activities	5	30,982	–	30,982	13,895
Other trading activities	6	499	–	499	–
		────────	────────	────────	─────────
Total income		45,174	26,353	71,527	170,307
		════════	════════	════════	═════════
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies	7	7,655	–	7,655	10,631
Expenditure on charitable activities	8,9	42,763	41,221	83,984	112,505
		────────	────────	────────	─────────
Total expenditure		50,418	41,221	91,639	123,136
		════════	════════	════════	═════════
		────────	────────	────────	─────────
Net (expenditure)/income and net
movement in funds		(5,244)	(14,868)	(20,112)	47,171
		════════	════════	════════	═════════
Reconciliation of funds
Total funds brought forward		94,247	18,186	112,433	65,262
		────────	────────	─────────	─────────
Total funds carried forward		89,003	3,318	92,321	112,433
		════════	════════	═════════	═════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 8 to 17 form part of these financial statements.

6

Stow Park Community Centre

Statement of Financial Position

31 December 2022

		2022	2021
	Note	£	£
Computer equipment
Tangible fixed assets	14	24,309	20,430
Current assets
Stocks	15	–	616
Debtors	16	1,402	704
Cash at bank and in hand		68,295	99,773
		────────	─────────
		69,697	101,093
Creditors: amounts falling due within one year	17	1,685	1,590
		────────	─────────
Net current assets		68,012	99,503
		────────	─────────
Total assets less current liabilities		92,321	119,933
Creditors: amounts falling due after more than one year	18	–	7,500
		────────	─────────
Net assets		92,321	112,433
		════════	═════════
Funds of the charity
Restricted funds		3,318	18,186
Unrestricted funds		89,003	94,247
		────────	─────────
Total charity funds	21	92,321 ════════	112,433 ═════════

These financial statements were approved by the board of trustees and authorised for issue on Oct 30, 2023 ........................, and are signed on behalf of the board by:

Sheila Jones Sheila Jones (Oct 30, 2023 14:16 GMT) S Jones (Chair) Trustee

Deborah Clason Deborah Clason (Oct 26, 2023 19:00 GMT+1)

D Clason (Treasurer) Trustee

The notes on pages 8 to 17 form part of these financial statements.

7

Stow Park Community Centre

Notes to the Financial Statements

Year ended 31 December 2022

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is a charitable incorporated organisation. The address of the principal office is Brynhyfryd Road, Newport, South Wales, NP20 4FX, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or

commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

8

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2022

3. Accounting policies (continued)

Incoming resources (continued)

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Equipment	-	6-15% straight line
Computer equipment	-	25% straight line

9

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2022

3. Accounting policies (continued)

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

10

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2022

4. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Donations
Donations - general	4,248	–	4,248
Donations - food bank donations	1,146	–	1,146
Grants
Grants receivable	8,299	26,353	34,652
Government Grants	–	–	–
	────────	────────	────────
	13,693	26,353	40,046
	════════	════════	════════
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
	£	£	£
Donations
Donations - general	24,546	–	24,546
Donations - food bank donations	5,552	–	5,552
Grants
Grants receivable	23,515	87,160	110,675
Government Grants	15,639	–	15,639
	────────	────────	─────────
	69,252	87,160	156,412
	════════	════════	═════════

5. Charitable activities

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
	£	£	£	£
Hiring of the community centre	29,913	29,913	11,892	11,892
Printing income	381	381	1,989	1,989
Coffee shop income	3	3	14	14
Food bank income	685	685	–	–
	────────	────────	────────	────────
	30,982	30,982	13,895	13,895
	════════	════════	════════	════════

6. Other trading activities

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
	£	£	£	£
Fundraising events	499 ════	499 ════	– ════	– ════

11

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2022

7. Costs of raising donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Costs of raising donations and legacies - Grants
receivable	7,655	–	7,655
	═══════	════	═══════
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
	£	£	£
Costs of raising donations and legacies - Grants
receivable	5,966	4,665	10,631
	═══════	═══════	════════
Expenditure on charitable activities by fund type
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Hiring	817	1,365	2,182
Printing	616	2,079	2,695
Coffee shop	817	1,366	2,183
Food bank	13,878	13,658	27,536
Community centre	24,500	22,753	47,253
Support costs	2,135	–	2,135
	────────	────────	────────
	42,763	41,221	83,984
	════════	════════	════════
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
	£	£	£
Hiring	906	2,250	3,156
Printing	2,066	12,371	14,437
Coffee shop	969	2,259	3,228
Food bank	13,211	27,215	40,426
Community centre	13,824	35,874	49,698
Support costs	1,560	–	1,560
	────────	────────	─────────
	32,536	79,969	112,505
	════════	════════	═════════

8. Expenditure on charitable activities by fund type

12

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2022

9. Expenditure on charitable activities by activity type

	Activities
	undertaken	Support	Total funds	Total fund
	directly	costs	2022	2021
	£	£	£	£
Hiring	2,182	–	2,182	3,156
Printing	2,695	–	2,695	14,437
Coffee shop	2,183	–	2,183	3,228
Food bank	27,536	–	27,536	40,426
Community centre	47,253	–	47,253	49,698
Governance costs	–	2,135	2,135	1,560
	────────	───────	────────	─────────
	81,849	2,135	83,984	112,505
	════════	═══════	════════	═════════

10. Net (expenditure)/income

Net (expenditure)/income is stated after charging/(crediting):

Net (expenditure)/income is stated after charging/(crediting):
	2022	2021
	£	£
Depreciation of tangible fixed assets	4,417	3,844
	═══════	═══════
Independent examination fees
	2022	2021
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	1,655 ═══════	1,560 ═══════

11. Independent examination fees

12. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2022	2021
	£	£
Wages and salaries	42,234	60,720
Employer contributions to pension plans	1,417	1,844
	────────	────────
	43,651	62,564
	════════	════════

The average head count of employees during the year was 3 (2021: 3).

No employee received employee benefits of more than £60,000 during the year (2021: Nil).

13

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2022

13. Trustee remuneration and expenses

There was no Trustees' remuneration or other benefits for Trustees during the year ended 31 December 2022 or the prior year.

There were no Trustees' expenses claimed or reimbursed for the year 31 December 2022 or the previous year.

During 2022, £6,800 was paid to companies controlled by trustees for services provided to the charity (2021: £5,750).

14. Tangible fixed assets

		Fixtures and		Computer
		fittings	Equipment	equipment	Total
		£	£	£	£
	Cost
	At 1 January 2022	41,553	23,503	–	65,056
	Additions	5,452	–	2,844	8,296
		────────	────────	───────	────────
	At 31 December 2022	47,005	23,503	2,844	73,352
		════════	════════	═══════	════════
	Depreciation
	At 1 January 2022	30,562	14,064	–	44,626
	Charge for the year	2,660	1,437	320	4,417
		────────	────────	───────	────────
	At 31 December 2022	33,222	15,501	320	49,043
		════════	════════	═══════	════════
	Carrying amount
	At 31 December 2022	13,783	8,002	2,524	24,309
		════════	════════	═══════	════════
	At 31 December 2021	10,991	9,439	–	20,430
		════════	════════	═══════	════════
15.	Stocks
				2022	2021
				£	£
	Raw materials and consumables			–	616
				════	════
16.	Debtors
				2022	2021
				£	£
	Other debtors			1,402	704
				═══════	════
17.	Creditors: amounts falling due within one year
				2022	2021
				£	£
	Accruals and deferred income			1,685	1,590
				═══════	═══════

14

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2022

18. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Other creditors	–	7,500
	════	═══════

19. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,417 (2021: £1,844).

20. Government grants

There were no Government grants received during the year. In 2021, Government grants totalling £15,639 were received under the Government's Coronavirus Job Retention Scheme for furloughed employees.

21. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
	At 1			At 31
	January			December
	2022	Income	Expenditure	2022
	£	£	£	£
General funds	94,247	45,174	(50,418)	89,003
	════════	════════	════════	════════
	At 1			At 31
	January			December
	2021	Income	Expenditure	2021
	£	£	£	£
General funds	49,602 ════════	83,147 ════════	(38,502) ════════	94,247 ════════

15

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2022

21. Analysis of charitable funds (continued)

Restricted funds
	At 1			At 31
	January			December
	2022	Income	Expenditure	2022
	£	£	£	£
Breaking Isolation	1,126	–	(188)	938
Big Lottery - Awards for All	–	9,200	(9,200)	–
Coffee with Confidence	–	–	–	–
Moondance	2,990	–	(610)	2,380
Basic Life Skills Training	–	19,028	(19,028)	–
WCVA Fund for IT training	14,070	(1,875)	(12,195)	–
Big Lottery - Art Therapy	–	–	–	–
	────────	────────	────────	───────
	18,186	26,353	(41,221)	3,318
	════════	════════	════════	═══════
	At 1			At 31
	January			December
	2021	Income	Expenditure	2021
	£	£	£	£
Breaking Isolation	–	25,985	(24,859)	1,126
Big Lottery - Awards for All	5,500	–	(5,500)	–
Coffee with Confidence	4,260	–	(4,260)	–
Moondance	5,900	–	(2,910)	2,990
Basic Life Skills Training	–	25,100	(25,100)	–
WCVA Fund for IT training	–	30,000	(15,930)	14,070
Big Lottery - Art Therapy	–	6,075	(6,075)	–
	────────	────────	────────	────────
	15,660	87,160	(84,634)	18,186
	════════	════════	════════	════════

16

Stow Park Community Centre

Notes to the Financial Statements (continued)

Year ended 31 December 2022

21. Analysis of charitable funds (continued)

The Breaking Isolation fund relates to grants received for the charity's Breaking isolation project which aims to rebuild the self confidence of elderly and vulnerable clients to reduce anxiety and social isolation.

The Big Lottery - Awards for All funding has been received for a print room project. An element of this project was delayed as a result of the Covid-19 pandemic but was concluded in 2021.

The Coffee with Confidence fund relates to grants received for our Coffee with Confidence project. As lockdown eases, the project aims to reintroduce services enabling community members who are desperately keen to return to a safe haven for guidance, coffee and social contact. An element of this project was delayed as a result of the Covid-19 pandemic but was concluded in 2021.

Moondance provided funding towards the initial stages of a planning application for a capital project to install a mezzanine floor to increase the floor area of the Centre. This was delayed until 2021.

The Big Lottery grant was received for basic life skills training including budgeting, cooking, household management skills and gardening.

The Big lottery Awards for all grant was to cover the cost of a building survey in addition to the cost of a part time administrator.

Funding was received from WCVA for IT Training.

22. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Tangible fixed assets	23,371	938	24,309
Current assets	67,317	2,380	69,697
Creditors less than 1 year	(1,685)	–	(1,685)
	────────	───────	────────
Net assets	89,003	3,318	92,321
	════════	═══════	════════
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
	£	£	£
Tangible fixed assets	19,304	1,126	20,430
Current assets	84,033	17,060	101,093
Creditors less than 1 year	(9,090)	–	(9,090)
	────────	────────	─────────
Net assets	94,247	18,186	112,433
	════════	════════	═════════

17