# ## ## ## |||Page| |---|---|---| |Trustees'|annual
report|| |Independent
examiner's
report to the trustees||| |Statement|offinancial
activities|| |Statement|offinancial
position|| |Statement|ofcash flows|10| |Notes to the financial statements||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Year ended 30|April|2023|||||| |---|---|---|---|---|---|---|---| ||||||2023||2022| |||||Unrestricted|Restricted||| |||||funds|funds|Total funds|Total funds| ||||Note|F|5|6|| |Income and endowments|||||||| |Donations
and legacies||||589,056|19,400|608,456|62,488| |Charitable
activities||||111,885||111,885|147,877| |Other income||||580||580|| |Tota I income||||701,521|19,400|720,921|210,365| |Expenditure|||||||| |Expenditure
on charitable||activities|7,8|176,094|4,147|180,241|261,425| |Total expenditure||||176,094|4,147|180,241|261,425| |Net gains on investments||||52,500||52,500|325,000| |Net income||||577,927|15,253|593,180|273,940| |Transfers
between|funds|||25,452|(25,452)||| |Net movement
in|funds|||603,379|(10,199)|593,180|273,940| |Reconciliation
of|funds||||||| |Total funds
brought|forward|||1,215,431|10,199|1,225,830|951,690| |Total funds carried forward||||1,818,810||1,818,810|1,225,630| ## ## ## |30 April 2023||||||||| |---|---|---|---|---|---|---|---|---| |||||||2023||2022| ||||||Note|||| |Fixed assets||||||||| |Tangible fixed assets|||||17||805,826|803,926| |Investments|||||18||492,500|440,000| ||||||||1,298,326|1,243,926| |Current assets||||||||| |Debtors|||||19|410,375||6,960| |Cash at bank and|in|hand||||125,739||70,676| |||||||536,114||77,656| |Creditors: amounts||falling||due within one year|20|15,630||95,952| |Net current assets|||||||520,484|(18,296)| |Total assets less|current|||liabilities|||1,818,810|1,225,630| |Net assets|||||||1,818,810|1,225,630| |Funds ofthe charity
Restricted
funds||||||||10,199| |Unrestricted
funds:||||||||| |Revaluation|reserve|||||(30,013)||(30,013)| |Other unrestricted|||income funds|||1,848,823||1,245,444| |Total unrestricted||funds||||1,818,810||1,215,431| |Total charity funds|||||22||1,818,810|1,225,630| ## ## |Year en|ded 30 April 2|023||||| |---|---|---|---|---|---|---| |||||Note|2023|2022
f| |Cash generated
from operations||||25|80,623|(26,203)| |Interest
paid|||||(474)|(1,449)| |Net cash|from/(used
in) operating
activities||||80,149|(27,652)| |Cash flows from investing||activities||||| |Purchase|oftangible assets||||(26,245)|(1,453)| |Proceeds|from sale oftangible assets||||1,159|| |Net cash|used
in investing
activities||||(25,086)|(1,453)| |Net increase/(decrease)
in||cash and cash|equivalents||55,063|(29,105)| |Cash and|cash equivalents|at beginning|ofyear||70,676|99,781| |Cash and|cash equivalents|at end ofyear|||125,739|70,676| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Donations|and le|gacies|||| |---|---|---|---|---|---| ||||Unrestricted|Restricted|Total Funds| ||||Funds|Funds|2023| |||||f|| |Donations|||||| |Donations|receivable||554,986||554,986| |Grants|||||| |Grants receivable|||34,070|19,400|53,470| |Grants receivable||- government|||| ||||589,056|19,400|608,456| ## ## ## ## ## |Donations|and legacies
(continuer(J|||| |---|---|---|---|---| |||Unrestricted|Restricted|Total Funds| |||Funds|Funds|2022| ||||E|E| |Donations||||| |Donations|receivable|5,063||5,063| |Grants||||| |Grants receivable||16,070|1,473|17,543| |Grants receivable - government||39,882||39,882| |||61,015|1,473|62,488| ## |Charitable
a|cti|vities||||||| |---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||||Funds
E|2023
E|Funds
f|2022
f| |Income from|rent and room|||hire and||||| |other activities||in main|hall||67,801|67,801|48,275|48,275| |Community
Cafe|centre||||27,055
16,986|27,055
16,986|21,154
71,268|21,154
71,268| |Emporium|||||43|43|7,180|7,180| ||||||111,885|111,885|147,877|147,877| |Other income||||||||| ||||||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||||Funds
E|2023
f|Funds
E|2022
F| |Gain on disposal of tangible||||fixed||||| |assets held|for|charity's|own|use|233|233||| |Other income|||||347|347||| ||||||580|580||| ## ## ## ## ## ## |Expenditure|||on charitabl|e|activities|by|fund|type||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||Unrestricted|Restricted|Total Funds| |||||||||||Funds|Funds|2023| ||||||||||||F|6| |Rent and room hire and other activities||||||in|main|hall||56,247||56,247| |Refurbishment|||of hall||||||||4,147|4,147| |Community|centre|||||||||82,950||82,950| |Cafe||||||||||22,267||22,267| |Emporium||||||||||||| |Grants||||||||||||| |Support costs||||||||||14,630||14,630| |||||||||||176,094|4,147|180,241| |||||||||||Unrestricted|Restricted|Total Funds| |||||||||||Funds
6|Funds
6|2022
f| |Rent and room hire and other activities||||||in|main|hall||68,879||68,879| |Refurbishment|||of hall||||||||6,019|6,019| |Community
Cafe|centre|||||||||60,074
92,463|520|60,594
92,463| |Emporium||||||||||11,011||11,011| |Grants||||||||||7,059||7,059| |Support costs||||||||||15,400||15,400| |||||||||||254,886|6,539|261,425| |The grant of||E7,069, paid||in|the prior year, was in respect of the fossils that were|||||||donated
to the| |Alfred
Gillett||trust
in 2016.|||These funds||were|left specifically
for the|||upkeep
of|the fossils and| |were therefore|||paid to the|Alfred Gillett||trust.||||||| |Support and||governance||costs are further|||analysed||in|Note 10.||| |Expenditure|||on charitable||activities|by|activity type|||||| ||||||||Activities|||||| ||||||||undertaken|||Support|Total funds|Total fund| ||||||||directly|||costs|2023|2022| |||||||||F||6||6| |Rent and room hire and other activities||||||||||||| |in main
hall||||||||56,247||3,102|59,349|74,432| |Refurbishment|||of hall|||||4,147|||4,147|6,019| |Community
Cafe|centre|||||||82,950
22,267||2,834
286|85,784
22,553|62,487
92,950| |Emporium
Grants||||||||||||11,043
7,059| |Governance||costs||||||||8,408|8,408|7,435| ||||||||165,611|||14,630|180,241|261,425| ## ## ## ## ## |ended 30April 2|023||| |---|---|---|---| |Analysis
of charitable|expenditure||| |||2023|2022| |||E|6| |Income from rent and|main
hall and other activities||| |Wages and salaries
Social security costs||21,277|28,851
626| |Pension costs||963|2,039| |Rates &water||701|1,970| |Light &heat||6,850|5,653| |Repairs &maintenance
Insurance||1,444
10,910|9,140| |Cleaning
and refuse collection
Professional
fees||2,698|9,672
632| |Depreciation
Support costs (as per Note 10)
Governance
costs (as per Note 10)||11,404
3,103
3,363|10,296
5,553
3,717| |Total||62,713|78,149| |Community
Centre
Community
centre - group expenses
Wages/salaries||14,283
46,398|11,492
29,225| |Social security costs|||588| |Pension costs||2,789|2,242| |Rates &water||561|659| |Light & heat||5,983|3,511| |Repairs &maintenance
Cleaning
&refuse
Motor vehicle expenses||909
2,158
110|6,666
40| |Legal and professional
fees
Equipment
and computer costs
Depreciation
Advertising
Support costs (as per Note 10)
Governance
costs (as per Note 10)||251
9,506
2
2,834
3,363|232
259
5,486
194
1,893
1,859| |Total||89,147|64,346| |Cafe|||| |Cafe supplies
Wages and salaries
Employer's
NIC||5,937
11,215|25,477
54,637
1,133| |Pension costs||269|1,007| |Rates 8 water||140|326| |Light &heat
Repairs
&maintenance
Cleaning
and refuse collection
Equipment
and computer costs
Depreciation
Other interest payable and similar charges
Advertising
Support costs (as per Note 11)
Governance
costs (as per Note 11)||1,496
127
540
2,509
34
286
1,682|2,234
156
105
5,812
1,054
522
487
1,394| |Total||24,235|94,344| ## ## ## ## |ended 3|0April 2023|||| |---|---|---|---|---| |Emporium||||| |Wages and|salaries|||8,455| |Employer's|NIC|||174| |Pension costs||||647| |Rates &water||||35| |Depreciation||||1,287| |Other interest payable and||similar charges||254| |Advertising||||159| |Support costs (as per Note||10)||32| |Governance|costs (as per Note 10)|||465| |Total||||11,508| |Restricted|-Refurbishment|of hall||| |Refurbishments|||2,211|6,019| |Professional|fees||1,936|| |Total|||4,147|6,019| ## |Support costs are|analysed
as f|ollows;|||| |---|---|---|---|---|---| ||Letting out||||| ||of rooms||||| ||and main|Community|||| ||hall|Centre|Cafe|Total 2023|Total 2022| ||6|5|6|8|| |Premises|961|768|192|1,921|226| |General office|2,142|2,066|94|4,302|7,739| |Governance|||||| |costs|3,363|3,363|1,682|8,408|7,435| ||6,466|6,197|1,968|14,831|15,400| ## ## ## ## |Analysis of|governance
and s|upport costs (cont/nuer//||| |---|---|---|---|---| |Governance|costs are analysed|as follows:||| |Governance|costs|||| ||||2023|2022| ||||E|| |Accountancy|and management|service charge|705|863| |Legal and professional
Independent
examination|||1,251
5,978|4,635
1,796| |Other finance|costs||474|141| |Total|||8,408|7,435| ## |Net gains on|inve|stmen|ts|||||| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Total|Funds|Unrestricted|Total Funds| |||||Funds||2023|Funds|2022| |||||F||E|E|E| |Gains/(losses)
assets|on|other|investment|52,500||52,500|325,000|325,000| ## ||Net income is stated after charging/(crediting):||| |---|---|---|---| |||2023|2022| |||E|E| ||Depreciation
oftangible
fixed assets|23,419|22,881| ||Gains on disposal oftangible
fixed assets|(233)|| |13.|Independent
examination
fees||| |||2023|2022| |||E|E| ||Fees payable to the independent
examiner for:
Independent
examination
ofthe financial statements|2,000|1,794| ## ## ## ## ## |Staff cos|ts||||| |---|---|---|---|---|---| |The total|staff costs and|employee|benefits for the reporting|period are analysed as|follows:| |||||2023|2022| ||||||E| |Wages and salaries||||78,890|121,168| |Social security costs|||||2,521| |Employer|contributions|to pension|plans|4,021|5,935| |||||82,911|129,624| ## ## ## |account
for the fixed assets th
fund.
Tangible fixed assets|at were acquired
using|the Smart Co|mmunities
Food|Resilience| |---|---|---|---|---| ||Land and|Fixtures and||| ||buildings|fittings|Equipment|Total| ||F|E|F|E| |Cost||||| |At 1 May 2022
Additions|815,000|62,074
25,452|18,234
793|895,308
26,245| |Disposals||(1,200)|(2,162)|(3,362)| |At 30April 2023|815,000|86,326|16,865|918,191| |Depreciation
At 1 May 2022
Charge for the year
Disposals|65,200
16,300|14,779
4,907
(274)|11,403
2,212
(2,162)|91,382
23,419
(2,436)| |At 30April 2023|81,500|19,412|11,453|112,365| |Carrying
amount
At 30April 2023|733,500|66,914|5,412|805,826| |At 30April 2022|749,800|47,295|6,831|803,926| ## ## ## ## ## ## |under the||historical cost model are as fol|lows;||| |---|---|---|---|---|---| |||||Property|| ||||Freehold|improvement|| ||||property
f|s|Total| |At 30April 2023
Aggregate cost|||826,983||826,983| |Aggregate||depreciation|||| |Carrying|value||826,983||828,983| |At 30 April||2022|||| |Aggregate
Aggregate||cost
depreciation|826,983|32,265
(17,620)|859,248
(17,620)| |Carrying|value||826,983|14,645|841,628| ## |Investments|| |---|---| ||Other| ||investments| ||8| |Cost or valuation|| |At 1 May 2022|440,000| |Additions|| |Fair value movements|82,500| |At 30 April 2023|492,500| |Impairment|| |At 1 IIay 2022 and 30April 2023|| |Carrying
amount
At 30April 2023|492,500| |At 30 April 2022|440,000| ## ## ## ## ## ## ## ## ## ## ## |Analysis
of|charitab|le
funds||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|funds|||||||| |||At||||Gains and|At|30Apr| ||1|May 2022|Income|Expenditure|Transfers|losses||2023| |||F|E|F||E||| |General
funds||1,240,211|892,539|(164,375)|25,452|52,500|1,848,327|| |Revaluation||||||||| |reserve||(30,013)||||||(30,013)| |Designated|Fund|||||||| |- Community||||||||| |Centre- Social||||||||| |Club||394|5,546|(5,153)||||787| |Designated|Fund|||||||| |- Community||||||||| |Centre - Sunday
lunch||1,442|3,152|(3,416)||||1,178| |Designated|Fund|||||||| |- Community||||||||| |Centre-||||||||| |Breakfast||||||||| |Club/Family|Fun|3,397|284|(3,150)||||531| |Street Parish||||||||| |Council||||||||| |||1,215,431|701,521|(176,094)|25,452|52,500|1,818,810|| |||At||||Gains and||At| ||1 May 2021||Income|Expenditure|Transfers|losses|30Apr 2022|| ||||E|E||E||E| |General funds||960,153|194,216|(240,111)|953|325,000|1,240,211|| |Revaluation||||||||| |reserve||(30,013)||||||(30,013)| |Designated|Fund|||||||| |- Community||||||||| |Centre- Social||||||||| |Club||264|4,929|(4,799)||||394| |Designated|Fund|||||||| |- Community||||||||| |Centre - Sunday
lunch||1,671|1,227|(1,456)||||1,442| |Designated|Fund|||||||| |- Community||||||||| |Centre-||||||||| |Breakfast||||||||| |Club/Family|Fun|3,397||||||3,397| |Street Parish||||||||| |Council|||8,520|(8,520)||||| |||935,472|208,892|(254,886)|953|325,000|1,215,431|| ## ## ## ## ## |||||At||||Gains and|At 30Apr| |---|---|---|---|---|---|---|---|---|---| ||||1|May 2022
6|Income
F|Expenditure
6|Transfers
6|losses
5|2023
6| |Restricted Fund-|||||||||| |Refurbishment||of|||||||| |Hall||||10,199||(4,147)|(6,052)||| |Smart|||||||||| |Communities|||||||||| |Food Resilience|||||||||| |Fund|||||||||| |Somerset|||||||||| |Community|Fund||||||||| |Restricted fund-|||||||||| |LIR|||||19,400||(19,400)||| |||||10,199|19,400|(4,147)|(25,452)||| |||||At||||Gains and|At| ||||1 May 2021
E||Income|Expenditure|Transfers
6|losses
6|30Apr 2022
9| |Restricted Fund-|||||||||| |Refurbishment||of|||||||| |Hall||||16,218||(6,019)|||10,199| |Smart|||||||||| |Communities|||||||||| |Food Resilience|||||||||| |Fund|||||1,173|(220)|(953)||| |Somerset|||||||||| |Community|Fund||||300|(300)|||| |Restricted fund-|||||||||| |Lift|||||||||| |||||16,218|1,473|(6,539)|(953)||10,199| ## ## ## ## ## ## ||Analysis|of net a|ssets bet|ween funds||||| |---|---|---|---|---|---|---|---|---| |||||||Unrestricted|Restricted|Total Funds| |||||||Funds|Funds|2023| |||||||5|f|| ||Tangible|fixed assets||||805,826||805,826| ||Investments|||||492,500||492,500| ||Current assets|||||536,114||536,114| ||Creditors|less than|1 year|||(15,630)||(15,630)| ||Net assets|||||1,818,810||1,818,810| |||||||Unrestricted|Restricted|Total Funds| |||||||Funds|Funds|2022| |||||||E|6|| ||Tangible|fixed assets||||803,926||803,926| ||Investments|||||440,000||440,000| ||Current assets|||||67,682|11,168|77,656| ||Creditors|less than|1 year|||(95,952)||(95,952)| ||Net assets|||||1,215,656|11,168|1,225,630| |24.|Financial|instruments||||||| ||The carrying
amount for each category of financial|||||instrument
is as follows:||| ||||||||2023|2022| |||||||||6| ||Financial|assets|measured|at fair value through||income and expenditure||| ||Financial|assets measured||at fair value through|income and|||| ||expenditure||||||492,500|440,000| ## ## ## ## ## |25.|Cash generated
from operations|||| |---|---|---|---|---| ||||2023|2022| ||Net income||593,180|273,940| ||Adjustments
for:
Depreciation
oftangible
fixed assets||23,419|22,881| ||Profit on disposal offixed assets||(233)|| ||Net gains on investments
Interest payable
and similar charges
Accrued expenses/(income)||(52,600)
474
189|(325,000)
1,449
(6,779)| ||Changesin:
Trade and other debtors||(403,395)|5,611| ||Trade and other creditors||(80,511)|1,695| ||||80,623|(26,203)| |26.|Analysis of changes
in net debt|||| |||At||At| |||1 May 2022|Cash flows|30Apr 2023| |||||6| ||Cash at bank and
in hand|70,676|55,063|126,739| ##