**REGISTERED CHARITY NUMBER: 1174631** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021** ## **FOR** ## **WATERSIDE COMMUNITY TRUST** Bright Brown Limited Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ **WATERSIDE COMMUNITY TRUST** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021** **----- Start of picture text -----**
Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 10 to 19
Detailed Statement of Financial Activities 20 to 21
**----- End of picture text -----**
**WATERSIDE COMMUNITY TRUST** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2021** The trustees present their report with the financial statements of the charity for the year ended 30 November 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The charity was established in 2017 as a CIO, with the constitution set out in its trust deed, to take over the running of the Waterside Pool in Ryde, rescued by some of the current trustees in 2011 and run as a company limited by guarantee. Waterside Community Trust operates a 25m public swimming pool in a coastal seaside town. Ryde on Isle of Wight is a mixed community, but the pool is located in one of the most deprived wards on the Isle of Wight and UK. The charity's objectives are to promote, for the benefit of the inhabitants of Ryde, Isle of Wight and the surrounding area, the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstance or for the public at large in the interests of social welfare and with the object of improving the condition of life of said inhabitants. Main objectives encompassing public benefit reflected in the accounts are :- - Swimming lessons for school students, individuals, groups and adult learners. - Casual and lane swimming, - Water aerobics classes/keep fit etc. - Provision of leisure activity such a children's parties. - Provision of water safety education through lifeguarding, rookies and swimming teacher programmes both at Ryde and on the mainland. - Provision of seasonal beach lifeguard patrols (separate contracts with Ryde Town Council and Sandown Town Council)) - Provision as a talent feeder into Ryde Swimming Club, now an integral part of the charity and streamlining talented swimmers to go on to club level to compete as an elite swimmer under the umbrella of Waterside. ## **Compliance with Charity Commission Guidance on Public Benefit** The Trustees of Waterside Community Trust are fully compliant with the rules governing charitable bodies. Trustees obtain no financial gain either monetary or in kind from serving as Trustees. ## **Policy on social investment including program related investment** It is policy that we offer a Community Swim session each week. This session is subsidized and targeted at low waged/unwaged ## **Volunteers** The Trustees give their time on a voluntary basis and encourage others within the community to also volunteer. A Trustee, together with the general manager is responsible for coordinating the action of volunteers Page 1 **WATERSIDE COMMUNITY TRUST** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2021** ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The result of successful national grant applications and support from Ryde Town Council has enabled the pool to survive the pandemic and perform essential maintenance, improved access, implementation of on-line booking, on-line information for parents and improved staffing facilities. The pool has emerged in a sound financial position from potential closure enabling continued improvement to facilities to be planned. Increasing obesity, the pandemic, and a rise in diabetes presents a number of health, mental and social wellbeing issues and Waterside Pool offers a lifestyle choice, a place to socialize, including a low price 'community swim' session and as a result a major impact on the health and well-being of its users. On average in a normal year, the pool staff teach 1000 children per week, provide class lessons for 17 schools across the year, run summer season beach lifeguarding. The charity is able to offer life guarding training to other facilities and safe swimming guidance for schools. It runs a beach lifeguarding service for Ryde and Sandown Town Council, which has saved several lives during 2021. An additional benefit to the community is the employment and training of over 30 young people as lifeguards. Swimming teachers and managers. ## **Fundraising** The charity benefited from the funds made available from Ryde Town Council which were crucial in underpinning the financial position of the charity in the winter of 2020/21. This saved the pool from closure provided a platform from which to search for other grants. Fortunately, in conjunction with the Isle of Wight County Council a successful bid was made to the national leisure recovery fund resulting in a substantial grant which enabled essential maintenance and updating of equipment to proceed. The charity also successfully applied for other grants available to operations of its size nationally. The national "furlough" scheme enabled the charity to maintain its staff during the various national lockdowns. In a number of cases these were topped up from the charity's fragile free reserves to alleviate hardship. The overall result of these fundraising efforts has been to enable the charity to plan for some much-needed improvements to facilities in the near future. ## **FINANCIAL REVIEW** ## **Review of the Charity Financial Position and Sources of Funds** The charity made a surplus of £154,977 for the year to 30 November 2021, compared with a deficit of £19,357 in 2020. This was mainly due to the fundraising initiatives referred to earlier. The surplus has restored the charity's financial resilience and left it in a strong position to continue its recovery. Principal sources of funds during the year shown in the accounts have been : - Grant income - Furlough monies - Customer income Page 2 **WATERSIDE COMMUNITY TRUST** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2021** ## **FINANCIAL REVIEW** ## **Investment policy encapsulating social investmen** The Trust's invests, on short term deposit, funds surplus to foreseeable spending. Its social investment encompasses: A subsidized Community Swim. School and individual swimming lessons Aquafit for elderly client base A 'sensory swim' class for a disabled group The social investment policy is clarified in the charity's Constitution ## **Reserves** The charity has designated £40k of it reserves to a specific fund to cover major mechanical failure. Taking into consideration the bounce back loan recieved in the year. the Trust's free reserves are £128,094, coupled with its business insurance, are considered adequate to cover a short-term disruption and its short-term strategic investments. ## **Risks facing the Charity** The principal risks facing the charity are : - Catastrophic mechanical or structural failure. - Covid 19 pandemic effecting operation and potentially reducing revenue. - A risk register is maintained highlighting major and minor risk to our business. - Increase in utility costs. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1174631 ## **Principal address** Waterside Pool The Esplande Ryde Isle of Wight PO33 1JA ## **Trustees** - Mark Haslam (Joint Chairman appointed - 19 April 2021) - Andre Kurowski (Joint Chairman appointed - 19 April 2021) - Georgina Bottriell (Chairman - resigned - 10 April 2021) - Conrad Gaunlett - Ian Jenkins - Dr Avril Martin - Malcolm Marshall (resigned - 25 March 2022) - Peter Taylor JP FCA (Treasurer) Page 3 WATERSIDE COMMUNITYTRusr REPORT OF THE TRusfEES FOR THE YEAR ENDED 30 NOVEMBER 2021 REFERENCEANDADMINISTRATIVE DETAILS IndependentExamlner Bright Brown Limited Chartered Accountants Exchange House St. Cr0$5 Lane Newport Isle of Wight P030 5BZ Approved by order of the board oftru5tees on. . and signed on its behalf by.. M Haslam- Trustee Page 4 INDEPENDEHf EXAMINER'S REPORTTOTHE TRUSTEES OF WATERSIDE COMMUNITY TRUST Independent examiner's report to the trustees of Wateyside Community Trust I report to the charity trustees on my examination of the accounts of Waterside Community Trust (the Trust) for the year ended 30 November 2021. Responsibilities and basis of report As the charity trustéès of the Trust you aré rèsponsible for the prep3ration of the accounts in accordance with the reqvirements of the chariti￿ Art 20111.the Act'l. I report in respeet of my examinatitrn cif the Trust's accounts carried out under settion 145 of th& Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under 5ertion 14515llbl of the Act. Independènt examFner's statement Since your charity's gro￿ income exceeded £250,OCrt) your examiner myst be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of ACA which is one of the listed bodie5. I have completed my examination. I confirm that no material matters have come to my attention in connettion wtth the examination giving me cause to believe that in any matsrial respect: accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or the accounts do not èctord with those records., or the accounts do not Comply with the applicable requirements ctsncerning the form and content of atttsunts set out in thè Charities (Accounts ènd Reports) Regulations 2008 other than any requirement that the èccounts giv& 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 nts other matters in connection with the examination to which attention should be drawn in this rèport in order to énable a proper understanding of the atttsunts to be rÈad)ed. David Stevens ACA Bright Brown knmited Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight P030 5BZ Date.. gz Page 5 **WATERSIDE COMMUNITY TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021** |Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
121,956
**Charitable activities**
5
Provision of recreational facilities
298,458
Other trading activities
3
7,086
Investment income
4
11,818
Other income
5,524
**Total**
444,842
**EXPENDITURE ON**
Raising funds
6
8,674
**Charitable activities**
7
Provision of recreational facilities
344,247
**Total**
352,921
**NET INCOME/(EXPENDITURE)**
91,921
**Transfers between funds**
18
(15,338)
**Net movement in funds**
76,583
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
141,511
**TOTAL FUNDS CARRIED FORWARD**
218,094|Restricted
fund
£
101,499
-
-
-
-
101,499
-
38,443
38,443
63,056
15,338
78,394
7,452
85,846|2021
Total
funds
£
223,455
298,458
7,086
11,818
5,524
546,341
8,674
382,690
391,364
154,977
-
154,977
148,963
303,940|2020
Total
funds
£
133,631
191,282
7,454
13,381
1,180
346,928
12,120
354,165
366,285
(19,357)
-
(19,357)
168,320
148,963| |---|---|---|---| The notes form part of these financial statements Page 6 WATERSIDE COMMUNITYTRUST 8ALANCE SHEET 30 NOVEMBER 2021 2021 Total funds 2020 Total fund5 Unrestricted funds Restricted fund Note5 FIXED A$5Efs Tangible a$5ets 12 46.960 15.338 62.298 42.899 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 13 14 6.135 11,488 278.591 6,135 11,488 349,099 6.628 8,744 155,452 70.X 296.214 70,5(8 366,722 170.824 CREDThORS Amounts falling due within one year 15 182,5801 182.5801 164,7601 NET CURRENT ASSETS 213.634 70.S( 284.142 106, TOTALASSEfs LESS CURRENT UAeiLITIES 260.594 85,846 148,963 CREDITORS Amounts falling due after more thèn one year 16 142,5¢X)I 142,5CX)I N￿ASSET$ 218,094 85,846 303,940 148,963 FUND5 Unrestricted funds Restricted funds 18 218.094 85,846 141.511 7.452 TOTAL FUNDS 303,940 148,963 The financial tatements were approved by the Boaid of Trustees and authorised for issue .and were signed on its behalf by= M Haslam- Trustee PCTayl stee The note5 form part of these ffinancial statements Page 7 **WATERSIDE COMMUNITY TRUST** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2021** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
**Cash flows from financing activities**
New loans in year
Net cash provided by financing activities
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents at the beginning**
**of the reporting period**
**Cash and cash equivalents at the end of the**
**reporting period**|2021
£
186,715
186,715
(43,092)
24
(43,068)
50,000
50,000
193,647
155,452
349,099|2020
£
(23,773)
(23,773)
(18,816)
364
(18,452)
-
-
(42,225)
197,677
155,452| |---|---|---| The notes form part of these financial statements Page 8 **WATERSIDE COMMUNITY TRUST** **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2021** |**1.**
**RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM**
**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Loss on disposal of fixed assets
Interest received
Decrease/(increase) in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors|**1.**
**RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM**
**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Loss on disposal of fixed assets
Interest received
Decrease/(increase) in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors|**OPERATING ACTIVITIES**
2021
2020
£
£
154,977
(19,357)
15,124
15,870
8,569
-
(24)
(364)
493
(101)
(2,744)
3,927
10,320
(23,748)| |---|---|---| |**Net cash provided by/(used in) operations**||186,715
(23,773)| |2.
**ANALYSIS OF CHANGES IN NET FUNDS**
**Net cash**
Cash at bank and in hand|At 1.12.20
£
155,452|Cash flow
At 30.11.21
£
£
193,647
349,099| ||155,452|193,647
349,099| |**Debt**
Debts falling due within 1 year
Debts falling due after 1 year|-
-|(7,500)
(7,500)
(42,500)
(42,500)| ||-|(50,000)
(50,000)| |**Total**|155,452|143,647
299,099| The notes form part of these financial statements Page 9 **WATERSIDE COMMUNITY TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income 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. ## **Allocation and apportionment of costs** All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs that relate to a particular activity are allocated directly, others are apportioned between activities in line with their respective proportion of the total incoming resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - 3 - 10 years on cost Plant and machinery - 3 - 10 years on cost ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Taxation** The charity is exempt from 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. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... Page 10 **WATERSIDE COMMUNITY TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021** **----- Start of picture text -----**
2. DONATIONS AND LEGACIES
2021 2020
£ £
Donations and gifts 6,664 15,399
Gift aid - 837
Grants 214,495 116,126
Membership subscriptions and sponsorships 2,296 1,269
223,455 133,631
Grants received, included in the above, are as follows:
2021 2020
£ £
Ryde Town Council 76,667 28,500
Isle of Wight County Council 37,125 19,871
Job Retention Scheme
-
67,755
All Terrain Vehicle 8,000 -
-
Marquee 3,669
-
National Leisure Recovery Fund 87,630
PUG Monies 1,404 -
214,495 116,126
3. OTHER TRADING ACTIVITIES
2021 2020
£ £
Food and shop sales 7,086 7,454
4. INVESTMENT INCOME
2021 2020
£ £
Rental income 11,794 13,017
Deposit account interest 24 364
11,818 13,381
**----- End of picture text -----**
continued... Page 11 **WATERSIDE COMMUNITY TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021** ## **5. INCOME FROM CHARITABLE ACTIVITIES** |Activity
Membership swimming
Provision of recreational facilities
Individual swimming
Provision of recreational facilities
Swimming lessons
Provision of recreational facilities
Pool hire
Provision of recreational facilities
Lifeguarding, splash park and
courses
Provision of recreational facilities
**6.**
**RAISING FUNDS**
**Raising donations and legacies**
Postage and stationery
Advertising and marketing
Licencing costs
**Other trading activities**
Purchases
Aggregate amounts
**7.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs
£
Provision of recreational facilities
236,224|2021
£
59,812
45,513
120,773
17,498
54,862
298,458
2021
£
289
2,274
1,828
4,391
2021
£
4,283
8,674
Support
costs (see
note 8)
£
146,466|2020
£
44,561
34,618
67,659
19,730
24,714
191,282
2020
£
50
1,881
2,326
4,257
2020
£
7,863
12,120
Totals
£
382,690| |---|---|---| continued... Page 12 **WATERSIDE COMMUNITY TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021** ## **8. SUPPORT COSTS** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Governance| |Management|Other|costs|Totals| |£|£|£|£| |Provision of recreational facilities|20,700|118,088|7,678|146,466| **----- End of picture text -----**
## **9. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 November 2021 nor for the year ended 30 November 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30 November 2021 nor for the year ended 30 November 2020. ## **10. STAFF COSTS** **----- Start of picture text -----**
|||| |---|---|---| |2021|2020| |£|£| |Wages and salaries|204,472|227,362| |Social security costs|6,411|4,584| |Other pension costs|2,479|3,248| |213,362|235,194| **----- End of picture text -----**
The average monthly number of employees during the year was as follows: **----- Start of picture text -----**
|||| |---|---|---| |2021|2020| |Management|2|2| |Charitable Activities|33|30| |Administration|1|1| |36|33| **----- End of picture text -----**
No employees received emoluments in excess of £60,000. The general manager is considered key management personnel. The total employee benefits for this post were £39,416. continued... Page 13 **WATERSIDE COMMUNITY TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021** ## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
126,179
**Charitable activities**
Provision of recreational facilities
191,282
Other trading activities
7,454
Investment income
13,381
Other income
1,180
**Total**
339,476
**EXPENDITURE ON**
Raising funds
12,120
**Charitable activities**
Provision of recreational facilities
354,165
**Total**
366,285
**NET INCOME/(EXPENDITURE)**
(26,809)
**Transfers between funds**
17,463
**Net movement in funds**
(9,346)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
150,857
**TOTAL FUNDS CARRIED FORWARD**
141,511|Restricted
fund
£
7,452
-
-
-
-
7,452
-
-
-
7,452
(17,463)
(10,011)
17,463
7,452|Total
funds
£
133,631
191,282
7,454
13,381
1,180
346,928
12,120
354,165
366,285
(19,357)
-
(19,357)
168,320
148,963| |---|---|---| continued... Page 14 **WATERSIDE COMMUNITY TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021** ## **12. TANGIBLE FIXED ASSETS** |**12.**
**TANGIBLE FIXED ASSETS**||| |---|---|---| |**COST**
At 1 December 2020
Additions
Disposals|Freehold
property
£
25,182
3,667
(6,735)|Plant and
machinery
Totals
£
£
62,732
87,914
39,425
43,092
(1,834)
(8,569)| |At 30 November 2021|22,114|100,323
122,437| |**DEPRECIATION**
At 1 December 2020
Charge for year|16,797
783|28,218
45,015
14,341
15,124| |At 30 November 2021|17,580|42,559
60,139| |**NET BOOK VALUE**
At 30 November 2021|4,534|57,764
62,298| |At 30 November 2020|8,385|34,514
42,899| |**13.**
**STOCKS**
Stocks||2021
2020
£
£
6,135
6,628| |**14.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Prepayments||2021
2020
£
£
9,683
6,527
204
-
1,601
2,217| |||11,488
8,744| continued... Page 15 **WATERSIDE COMMUNITY TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021** ## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Bank loans and overdrafts (see note 17)
Trade creditors
Taxation and social security
Other creditors
**16.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 17)|2021
£
7,500
11,077
1,656
62,347
82,580
2021
£
42,500|2020
£
-
8,568
2,712
53,480
64,760
2020
£
-| |---|---|---| An unsecured £50,000 loan was taken out in February 2021 under the government backed Bounce Back Loan Scheme. ## **17. LOANS** An analysis of the maturity of loans is given below: |Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal|2021
£
7,500
10,000
30,000
2,500|2020
£
-
-
-
-| |---|---|---| continued... Page 16 **WATERSIDE COMMUNITY TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021** ## **18. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
Replacement reserve
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|At
1.12.20
£
101,511
40,000
141,511
7,452
148,963|Net
movement
in funds
£
91,921
-
91,921
63,056
154,977|Transfers
between
funds
£
(15,338)
-
(15,338)
15,338
-|At
30.11.21
£
178,094
40,000
218,094
85,846
303,940| |---|---|---|---|---| Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|Incoming
resources
£
444,842
101,499
546,341|Resources
Movement
expended
in funds
£
£
(352,921)
91,921
(38,443)
63,056
(391,364)
154,977| |---|---|---| ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
Replacement reserve
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|At
1.12.19
£
110,857
40,000
150,857
17,463
168,320|Net
movement
in funds
£
(26,809)
-
(26,809)
7,452
(19,357)|Transfers
between
funds
£
17,463
-
17,463
(17,463)
-|At
30.11.20
£
101,511
40,000
141,511
7,452
148,963| |---|---|---|---|---| continued... Page 17 **WATERSIDE COMMUNITY TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021** ## **18. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|Incoming
resources
£
339,476
7,452
346,928|Resources
Movement
expended
in funds
£
£
(366,285)
(26,809)
-
7,452
(366,285)
(19,357)| |---|---|---| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
Replacement reserve
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|At
1.12.19
£
110,857
40,000
150,857
17,463
168,320|Net
movement
in funds
£
65,112
-
65,112
70,508
135,620|Transfers
between
funds
£
2,125
-
2,125
(2,125)
-|At
30.11.21
£
178,094
40,000
218,094
85,846
303,940| |---|---|---|---|---| 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**
Restricted fund
**TOTAL FUNDS**|Incoming
resources
£
784,318
108,951
893,269|Resources
Movement
expended
in funds
£
£
(719,206)
65,112
(38,443)
70,508
(757,649)
135,620| |---|---|---| continued... Page 18 **WATERSIDE COMMUNITY TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021** ## **19. RELATED PARTY DISCLOSURES** Total donations received from trustees in the year amounted to £2,200. There is a balance owed to a trustee of £85 at the year end (2020:£nil). Page 19 **WATERSIDE COMMUNITY TRUST** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations and gifts
Gift aid
Grants
Membership subscriptions and sponsorships
**Other trading activities**
Food and shop sales
**Investment income**
Rental income
Deposit account interest
**Charitable activities**
Membership swimming
Individual swimming
Swimming lessons
Pool hire
Lifeguarding, splash park and courses
**Other income**
Other income
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Postage and stationery
Advertising and marketing
Licencing costs
**Other trading activities**
Food and shop purchases|2021
£
6,664
-
214,495
2,296
223,455
7,086
11,794
24
11,818
59,812
45,513
120,773
17,498
54,862
298,458
5,524
546,341
289
2,274
1,828
4,391
4,283|2020
£
15,399
837
116,126
1,269
133,631
7,454
13,017
364
13,381
44,561
34,618
67,659
19,730
24,714
191,282
1,180
346,928
50
1,881
2,326
4,257
7,863| |---|---|---| This page does not form part of the statutory financial statements Page 20 **WATERSIDE COMMUNITY TRUST** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021** |**Other trading activities**
**Charitable activities**
Wages
Social security
Pensions
Light and heat
Training and uniform
Repairs and renewals
Cleaning
Loss on sale of tangible fixed assets
**Support costs**
**Management**
Wages
**Other**
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Travel
Computer costs
Repairs and renewals
Bank charges
Freehold property
Plant and machinery
**Governance costs**
Independent examiners' fees 2021
Independent examiners' fees 2020
Legal and professional fees
Total resources expended
**Net income/(expenditure)**|2021
£
183,772
6,411
2,479
160
17,384
6,308
11,141
8,569
236,224
20,700
3,345
8,110
44,109
27
1,771
2,251
431
5,586
33,143
4,191
783
14,341
118,088
800
660
6,218
7,678
391,364
154,977|2020
£
208,126
4,584
3,248
477
5,428
7,420
8,148
-
237,431
19,236
(2,152)
7,098
39,703
293
1,482
6,125
143
3,872
20,182
2,552
5,900
6,564
91,762
-
630
5,106
5,736
366,285
(19,357)| |---|---|---| This page does not form part of the statutory financial statements Page 21