REGISTERED COMPANY NUMBER: 07715127 (England and Wales) REGISTERED CHARITY NUMBER: 1157732
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 30 June 2023
for
West Howe Community Enterprises
Ward Goodman 4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF
West Howe Community Enterprises
Contents of the Financial Statements for the Year Ended 30 June 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 19 |
West Howe Community Enterprises
Report of the Trustees for the Year Ended 30 June 2023
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 June 2023. 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
To develop capacity and skills of the members of socially and economically disadvantaged community of West Howe. Creating opportunities, the advancement of education and training, particularly among unemployed people, providing people with work experience.
Providing activities which promote social inclusion for the public benefit by preventing people from becoming socially excluded.
Principal Activity
The principal activity of the company is the operation of a charity shop and management of a community social centre to improve communications in the area of West Howe and make it a better place to live. To improve the quality of life for people in West Howe through creating opportunities for them to give, connect with each other, be active, learn something new and be confident in themselves and the wider community.
Public benefit
The trustees have had regard to the Charity Commission guidance on public benefit.
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West Howe Community Enterprises
Report of the Trustees for the Year Ended 30 June 2023
ACHIEVEMENT AND PERFORMANCE
Charitable activities
At the start of this financial year, the Charity Manager had been in post for 5 months and started the recruitment process for the further 2 Lottery funded positions. Successful recruitment took place with Fran Ceo joining the team as Skills and Activity Co Ordinator in July 2022 followed by Jessie Budynkiewicz, Community Development and Volunteer Manager in September 2022.
The Café remained covered by volunteers for the 3rd session each week as Lisa resumed 2 sessions. The Board agreed to a proposal to recruit a Community Cook and Nicola Ellis was recruited in April 2023. This enabled the Café to be open Monday- Friday mornings with some flexibility to cover other days or events.
During the year the Charity continued to support and engage with the Community with several events and activities, including the return of Arts by the Sea, Coronation celebration, Halloween half term workshops culminating in a the ever-popular Halloween Disco, Christmas Cracker, which included Father Christmas, various local staffs, Cake baking competition, brass band playing carols and lots more family fun. Easter also gave the opportunity for families to get involved with Easter Egg trails and crafting activities. Eid was celebrated in the Centre once again, drawing a diverse group of the community and enabling them to celebrate their traditions.
In early 2023, activities and bookings started to pick up, however staffing these activities within working hours was a challenge.
Warm Space money from grant funding allowed WHCE to open the doors some afternoons during the cost-of-living crisis. Anyone was able to come and have a hot drink, some soup, or a sandwich, play games, listen to the radio, and keep warm. As a result, this bought new people into the Charity.
Listening to feedback from the local parents and carers, the Skills and Activity Co Ordinator launched a Stay and Play group in November 2022, immediately this was welcomed and continues today providing a chance for parents and carers to meet, have a chat, the children can play in a safe warm environment.
The Give and Take events were re-instated during this year, these events give locals the chance to 'give' their unwanted items and 'take' items they do want. The idea is to reduce landfill.
WHCE continues to engage with local partners, Pavilion Dance South West (PDSW) continued to deliver classes and support at events, The Dogs Trust approached and now have a regular booking to provide dog training classes. CAB attend with their Van to offer support and advice on a bi-weekly basis. They have also delivered training and support to our volunteers with Shelter. Some volunteers have been trained to become Ambassadors within the Community. The Vaccine drop-in Centre has run sessions from The Henry Bown Centre too.
BU, media students, also Occupational Therapy students have worked with staff, volunteers and the residents, one project that came from this is the successful Mans Shed (without the Shed) group held weekly.
During the year we also decorated the Centre, this was a Community effort with the help of volunteers from JP Morgan and the Good Gym. Paint was also donated.
If you would like more information about our work, please contact admin@westhowe.net, view our website www.westhowe.net or call us on 01202 580299.
FINANCIAL REVIEW
Financial Position
Total income for the year has increased to £154,175 (2022 - £65,063) and the total expenditure for the year was £142,074 (2022 - £104,631) giving the charity a surplus of £12,101 (2022 - £39,568). This has resulted in unrestricted funds of £40,048 (2022 - £38,683) and restricted funds of £90,224 (2022 - £79,488) at the year end.
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West Howe Community Enterprises
Report of the Trustees for the Year Ended 30 June 2023
FINANCIAL REVIEW Reserves policy and going concern
The Trustees aim to maintain £40,000 of unrestricted funds as a reserve to cover expenditure in case of an unexpected fall in income. At the year end, the charity had free reserves (unrestricted reserves less fixed assets) of £38,950 (2022: £38,502).
The charity has made a surplus in the year of £12,101. The majority of this increase was due to restricted funds leading to a net income on restricted funds of £10,344. Unrestricted funds show a smaller net income of £1,757 during the year which is due to an increase in activity in the year. Trustees believe that the charity has sufficient reserves to justify the treatment as a going concern.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
New trustees will be appointed by the existing trustees. The induction process will involve the new trustees receiving a copy of our governing deed and a copy of The Charity Commissions Guidance "The Essential Trustee - What you need to know" and "Charities and Public Benefit".
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07715127 (England and Wales)
Registered Charity number 1157732
Registered office 32 Cunningham Crescent Bournemouth Dorset BH11 8DU
Trustees Martyn Stanley Underhill (resigned 28.9.23) Jacquline Grabowski Paul Iggulden Jane Kelly Sue Bickler Leonora Gabrielle Spearpoint Patricia Neilson (appointed 1.11.22)
Independent Examiner
I M Rodd BSc FCA FCCA Ward Goodman 4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF
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West Howe Couullunrty Enterprises forthe Year Ended 2011 SMALL COMPANY PROVISIONS AwtK)vcd by orderof the Iwd oftrllqres on.. I1 si] on its behalf by. Kelty-T
IndEpelldEtIt Exa]er,5 Report to thE Tru5tee5 of West Howe CommuthÉty Ent¢rprists Independent examifier's report to the trustees of West Howe Commllnlty Enterprises ('the Company'l I report to tht charity Iru5tecs on my examination of the tonIS of thE Company for the yedr ended 30 June 2023. Responsibilities and basis of report As the LhaTity'S trustees ot the Company land also lis dirt¢tilTS foi th¢ purw5C5 of wimpany lawl you r¢5POnsible tor the prepaialion of tht account5 En accordance with the requirements of the Companies ALI 2006 {'Ihe 20(kn A¢t'l. Having satisfied rnysclf that the ac£ounts of the Company are not required to be audited undEr Part 16 Df the 26 Act and atr eligible for independent exatnination, I rcport in respect ol my eiamination of your Charity's accounts as &qrried out under Sectiort 145 of Ihe Chwities Act 201 1 (Yhe 2011 ACV). In carrying out my ¢xamination I have fY)Ilowed the Directions giv¢n by the Charity Comtni55ion under Se£tion 145151 (bl of the 2011 Act. lUd¢p¢¢t ¢xamin¢r 5 Stat¢mcnt hav¢ ¢otnpletcd my txamination. I confirm that no matters have lMe to my attention in connection with ihe examination giving me believe, acojunting records were not kept in Te5pect of the Company as requed by Section 386 of the 2006 Au- or tILe aceounis do not aecm'd wilh ihose rt¢or(ts- or th¢ aL¢ounts do not WTnply with iht accounting qUIrements of Section 396 of the 2006 Act otheT than Jny requiremeni th the accounts give a trL* and tair view which is noi e matter considered as part of an independ¢nt examination., or IhL aLeLTrUllts hvE not been PTepared in accordance wEth the mcthods attd principles of the Siatetnent of Recommended PClIe£ for accounring and reporting by ¢haritits lapplkrnble to charities preparsng their accounts in accordance with the Finan¢ial Reporting Standutd 8pplirable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come acro.gs no oilw matters in ¢oM¢Glion with th¢ eKamin&tioA io which attention Should be drawn in ihis report in orderto enable a proper understhnding ot'iht acEollnts to be reached. l M Rodd BSE FCA FCCA Ward G(Kthan 4 Ced&r Park Cobham Road Fttnitrjivn Industrial Estate Wimbome tk>rset BH217SF Date.. Page 5
West Howe Community Enterprises
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 June 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 5,800 Other trading activities 4 45,733 Total 51,533 EXPENDITURE ON Raising funds 5 7,424 Charitable activities 6 Community centre 42,352 Total 49,776 NET INCOME/(EXPENDITURE) 1,757 Transfers between funds 15 (392) Net movement in funds 1,365 RECONCILIATION OF FUNDS Total funds brought forward 38,683 TOTAL FUNDS CARRIED FORWARD 40,048 |
Restricted funds £ 102,642 - 102,642 2,905 89,393 92,298 10,344 392 10,736 79,488 90,224 |
2023 Total funds £ 108,442 45,733 154,175 10,329 131,745 142,074 12,101 - 12,101 118,171 130,272 |
2022 Total funds £ 43,751 21,312 65,063 2,101 102,530 104,631 (39,568) - (39,568) 157,739 118,171 |
|---|---|---|---|
The notes form part of these financial statements
Page 6
West Howe Community Enterprises
Balance Sheet 30 June 2023
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 11 1,098 CURRENT ASSETS Debtors 12 7,287 Cash at bank and in hand 38,332 45,619 CREDITORS Amounts falling due within one year 13 (6,669) NET CURRENT ASSETS 38,950 TOTAL ASSETS LESS CURRENT LIABILITIES 40,048 NET ASSETS 40,048 FUNDS 15 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 48,584 41,640 90,224 - 90,224 90,224 90,224 |
2023 Total funds £ 1,098 55,871 79,972 135,843 (6,669) 129,174 130,272 130,272 40,048 90,224 130,272 |
2022 Total funds £ 181 48,917 72,771 121,688 (3,698) 117,990 118,171 118,171 38,683 79,488 118,171 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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30 Jun¢ 2023 These finaneial statetnents bave FKen twted io accord with the provis 4)pIlL1¢ to chatitsble compani& subject to the small cotnpani&s rcgirne. The financial statements were 8t4)roved by the knrd of Tnwtees and ajjthori5 for issue on and were sigJ]¢d on its Wby: lly-T
West Howe Community Enterprises
Notes to the Financial Statements for the Year Ended 30 June 2023
1. LEGAL FORM
West Howe Community Enterprises is a private charitable company, that is limited by guarantee and is incorporated in England and Wales. The registered office is noted on the company information page.
2. 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.
Income
All income (including government grants) is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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.
Charitable activities
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
These include the cost attributable to the Charity's compliance with constitutional and statutory requirements, including audit, strategic management and Trustee's meetings and reimbursed expenses.
Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost Computer equipment - 20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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West Howe Community Enterprises
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
2. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have ben acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Debtors
Trade debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
3. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Donations Grants Grants received, included in the above, are as follows: Grants from non-government sources Other grants |
2023 £ 300 108,142 108,442 2023 £ 102,709 5,433 108,142 |
2022 £ - 43,751 |
| 43,751 | ||
| 2022 £ 43,751 - |
||
| 43,751 |
continued...
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West Howe Community Enterprises
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
| 4. OTHER TRADING ACTIVITIES Shop income Other income 5. RAISING FUNDS Other trading activities Purchases 6. CHARITABLE ACTIVITIES COSTS Community centre 7. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Independent examination |
Direct Costs £ 126,016 |
2023 £ 26,324 19,409 45,733 2023 £ 10,329 Support costs £ 5,729 2023 £ 366 2,040 |
2022 £ 12,285 9,027 21,312 2022 £ 2,101 Totals £ 131,745 |
2022 £ 12,285 9,027 |
|
|---|---|---|---|---|---|
| 21,312 | |||||
| 2022 £ 2,101 |
|||||
| 2022 £ 258 2,040 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.
continued...
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West Howe Community Enterprises
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
9. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| Wages and salaries Social security costs Other pension costs |
2023 £ 99,383 1,378 1,852 102,613 |
2022 £ 70,760 2,638 852 |
| 74,250 |
Included in the above staff costs is key management remuneration of £37,606 (2022: £11,835).
The average monthly number of employees during the year was as follows:
| Contracted staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies - Other trading activities 21,111 Total 21,111 EXPENDITURE ON Raising funds 1,270 Charitable activities Community centre 29,240 Total 30,510 NET INCOME/(EXPENDITURE) (9,399) Transfers between funds (2,491) Net movement in funds (11,890) RECONCILIATION OF FUNDS Total funds brought forward 50,573 TOTAL FUNDS CARRIED FORWARD 38,683 |
2023 5 Restricted funds £ 43,751 201 43,952 831 73,290 74,121 (30,169) 2,491 (27,678) 107,166 79,488 |
2022 3 Total funds £ 43,751 21,312 65,063 2,101 102,530 104,631 (39,568) - (39,568) 157,739 118,171 |
|---|---|---|
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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West Howe Community Enterprises
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
11. TANGIBLE FIXED ASSETS
| 11. TANGIBLE FIXED ASSETS |
||
|---|---|---|
| Fixtures and Computer fittings equipment £ £ COST At 1 July 2022 - 1,291 Additions 1,283 - At 30 June 2023 1,283 1,291 DEPRECIATION At 1 July 2022 - 1,110 Charge for year 321 45 At 30 June 2023 321 1,155 NET BOOK VALUE At 30 June 2023 962 136 At 30 June 2022 - 181 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Trade debtors 1,497 Other debtors 48,584 Prepayments and accrued income 5,790 55,871 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Trade creditors 582 Social security and other taxes 3,335 Other creditors 67 Accrued expenses 2,685 6,669 |
Totals £ 1,291 1,283 2,574 1,110 366 1,476 1,098 181 2022 £ 58 43,151 5,708 |
|
| 48,917 | ||
| 2022 £ 1,044 179 67 2,408 |
||
| 3,698 |
continued...
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West Howe Community Enterprises
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
14. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years |
2023 £ 5,500 - 5,500 |
2022 £ 6,000 5,500 |
|---|---|---|
| 11,500 |
£6,000 in relation to lease payments is recognised as an expense in the Statement of Financial Activity in this financial year.
15. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Unrestricted funds General fund Restricted funds BCP Coastal Lottery BCP Community Fund BCP Defibrillator Bournemouth 2026 Charities Aid Foundation Cinema DCF Neighbourhood Fund Dorset Community Foundation Dorset Council Reaching Communities Sovereign Housing BBC Skills Wheelie Inspired Project TOTAL FUNDS |
At 1.7.22 £ 38,683 180 - - 92 5,424 3,916 - 1,000 - 65,495 128 2,369 884 79,488 118,171 |
Net movement in funds £ 1,757 (572) 612 90 (75) (2,472) (6) 4,250 (761) 50 8,271 957 - - 10,344 12,101 |
Transfers between funds £ (392) 392 - - - - - - - - - - - - 392 - |
At 30.6.23 £ 40,048 - 612 90 17 2,952 3,910 4,250 239 50 73,766 1,085 2,369 884 |
| 90,224 | ||||
| 130,272 |
continued...
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West Howe Community Enterprises
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
15. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds BCP Coastal Lottery BCP Community Fund BCP Defibrillator Bournemouth 2026 Charities Aid Foundation Cherries Community Fund Cinema DCF Neighbourhood Fund Dorset Community Foundation Dorset Council Reaching Communities Sovereign Housing TOTAL FUNDS |
Incoming resources £ 51,533 - 700 1,373 - - 1,000 - 5,000 - 834 91,735 2,000 102,642 154,175 |
Resources Movement expended in funds £ £ (49,776) 1,757 (572) (572) (88) 612 (1,283) 90 (75) (75) (2,472) (2,472) (1,000) - (6) (6) (750) 4,250 (761) (761) (784) 50 (83,464) 8,271 (1,043) 957 (92,298) 10,344 (142,074) 12,101 |
|---|---|---|
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continued...
West Howe Community Enterprises
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Henry Smith BCP Coastal Lottery Bournemouth 2026 Charities Aid Foundation Cinema Dorset Community Foundation Reaching Communities Sovereign Housing BBC Skills Wheelie Inspired Project TOTAL FUNDS |
At 1.7.21 £ 50,573 8,448 817 92 5,424 3,743 400 84,695 294 2,369 884 107,166 157,739 |
Net movement in funds £ (9,399) (10,939) (637) - - 173 600 (19,200) (166) - - (30,169) (39,568) |
Transfers between funds £ (2,491) 2,491 - - - - - - - - - 2,491 - |
At 30.6.22 £ 38,683 - 180 92 5,424 3,916 1,000 65,495 128 2,369 884 |
|---|---|---|---|---|
| 79,488 | ||||
| 118,171 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Henry Smith BCP Coastal Lottery Cinema Dorset Community Foundation Reaching Communities Sovereign Housing TOTAL FUNDS |
Incoming resources £ 21,111 - - 201 600 43,151 - 43,952 65,063 |
Resources Movement expended in funds £ £ (30,510) (9,399) (10,939) (10,939) (637) (637) (28) 173 - 600 (62,351) (19,200) (166) (166) (74,121) (30,169) (104,631) (39,568) |
Resources Movement expended in funds £ £ (30,510) (9,399) (10,939) (10,939) (637) (637) (28) 173 - 600 (62,351) (19,200) (166) (166) (74,121) (30,169) (104,631) (39,568) |
|---|---|---|---|
| (30,169) | |||
| (39,568) |
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continued...
West Howe Community Enterprises
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
15. 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 Henry Smith BCP Coastal Lottery BCP Community Fund BCP Defibrillator Bournemouth 2026 Charities Aid Foundation Cinema DCF Neighbourhood Fund Dorset Community Foundation Dorset Council Reaching Communities Sovereign Housing BBC Skills Wheelie Inspired Project TOTAL FUNDS |
At 1.7.21 £ 50,573 8,448 817 - - 92 5,424 3,743 - 400 - 84,695 294 2,369 884 107,166 157,739 |
Net movement in funds £ (7,642) (10,939) (1,209) 612 90 (75) (2,472) 167 4,250 (161) 50 (10,929) 791 - - (19,825) (27,467) |
Transfers between funds £ (2,883) 2,491 392 - - - - - - - - - - - - 2,883 - |
At 30.6.23 £ 40,048 - - 612 90 17 2,952 3,910 4,250 239 50 73,766 1,085 2,369 884 |
|---|---|---|---|---|
| 90,224 | ||||
| 130,272 |
continued...
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West Howe Community Enterprises
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
15. MOVEMENT IN FUNDS - continued
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 Henry Smith BCP Coastal Lottery BCP Community Fund BCP Defibrillator Bournemouth 2026 Charities Aid Foundation Cherries Community Fund Cinema DCF Neighbourhood Fund Dorset Community Foundation Dorset Council Reaching Communities Sovereign Housing TOTAL FUNDS |
Incoming resources £ 72,644 - - 700 1,373 - - 1,000 201 5,000 600 834 134,886 2,000 146,594 219,238 |
Resources Movement expended in funds £ £ (80,286) (7,642) (10,939) (10,939) (1,209) (1,209) (88) 612 (1,283) 90 (75) (75) (2,472) (2,472) (1,000) - (34) 167 (750) 4,250 (761) (161) (784) 50 (145,815) (10,929) (1,209) 791 (166,419) (19,825) (246,705) (27,467) |
|---|---|---|
The specific purposes for which the funds are to be applied are as follows:
BBC Skills fund is part of the West Howe Regeneration Partnership agreement.
Wheelie Inspired Project is restricted for the community bike scheme.
Sovereign Housing - Local initiative to support entry courses to improve skills and increase independence in the West Howe area.
Henry Smith - Funding restricted for running costs, activities and learning opportunities provided by the Henry Brown wellbeing cafe. The grant is a 3 year grant with the full amount to be received recognised as grant income in the reporting year. A balance of £51,000 is held in other debtors at the year end to be received over the next 12 months.
BCP Coastal lottery - Purpose of grant is for #stayhome activities and befriending during lockdown.
Cinema - restricted for community cinema activities and associated costs. Funding will be spent once current social distancing restrictions are no longer in place and the project can be safely set up.
Dorset Community Foundation - Support for projects for those affected by the Covid pandemic.
Reaching Communities - to cover salary and some governance costs for the charity.
continued...
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West Howe Community Enterprises
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
15. MOVEMENT IN FUNDS - continued
Bournemouth 2026 - Funding received for the provision of youth club services.
Charities Aid Foundation - for the delivery of mental health sessions.
Dorset Council - for purchase of fridges and freezers.
Cherries - for purchase of equipment and furnishings.
BCP Community - For community fridge project supplies.
BCP Defibrillator - for purchase of a defibrillator and associated costs.
DCF Neighbourhood - For community fridge project.
Transfers between funds
Transfers have been made from general to restricted funds to cover any overspend on the fund.
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2023, nor in the the prior year.
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