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2021-12-31-accounts
|
Pages |
| Reference and Administrative Details of the Charity, its Trustees and Advisers |
1 |
| Trustees'Report |
2-5 |
| Independent Auditor’s Report on the Financial Statements |
6 - 9 |
| Statement of Financial Activities |
10 |
| Balance Sheet |
11 |
| Notes to the Financial Statements |
12-24 |
| Trustees |
Mr R Baird, Chairman |
|
Mr J Pratt, Treasurer |
|
Mr G Lynch, Vice Chairman |
|
Dr P Athwall |
|
Ms D Head (appointed 14 April 2021) |
|
Mr C Chittock (appointed 17 February 2021) |
|
Mr R Gibson |
|
Mr B Coupe |
|
Mr P Carr (appointed 17 February 2021, resigned 13 April 2022) |
|
Sarah Collins (resigned 18 January 2021) |
| Charity registered |
|
| number |
1186279 |
| Principal office |
Twelve Acre Approach |
|
Kesgrave |
|
Ipswich |
|
Suffolk |
|
IP5 1JF |
| Website |
www.kwmcc.co.uk |
| Independent auditor |
Scrutton Bland LLP |
|
Chartered Accountants |
|
Fitzroy House |
|
Crown Street |
|
Ipswich |
|
Suffolk |
|
IP1 3LG |
| Investment manager |
Rathbone Investment Management |
|
Port of Liverpool Building |
|
Pier Head |
|
Liverpool |
|
L3 1NW |
| Financial advisers |
Compton Valley Wealth Management Ltd |
|
Compton Mill |
|
Compton Marldon |
|
Paignton |
|
Devon |
|
TQ31TB |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
2021 |
2021 |
2021 |
2020 |
|
Notes |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Donations and legacies |
2 |
18,000 |
30,297 |
48,297 |
- |
| Charitable activities |
3 |
181,109 |
- |
181,109 |
- |
| Bar income |
6 |
12,333 |
- |
12,333 |
- |
| Investments |
5 |
21,988 |
- |
21,988 |
- |
| Total income |
|
233,430 |
30,297 |
263,727 |
- |
| Expenditure on: |
|
|
|
|
|
| Raising funds |
6,7 |
36,543 |
|
36,543 |
|
| Charitable activities |
|
345,366 |
1,957 |
347,323 |
- |
| Total expenditure |
|
381,909 |
1,957 |
383,866 |
- |
| Net (expenditure)/income before net |
|
|
|
|
|
| gains on investments |
|
(148,479) |
28,340 |
(120,139) |
|
| Net gains on investments |
|
209,929 |
- |
209,929 |
- |
| Net income |
|
61,450 |
28,340 |
89,790 |
- |
| Transfers between funds |
19 |
4,437,920 |
(19,960) |
4,417,960 |
- |
| Net movement in funds |
|
4,499,370 |
8,380 |
4,507,750 |
- |
| Reconciliation of funds: |
|
|
|
|
|
| Net movement in funds |
|
4,499,370 |
8,380 |
4,507,750 |
- |
| Total funds carried forward |
|
4,499,370 |
8,380 |
4,507,750 |
_ |
|
|
|
2021 |
2020 |
|
Notes |
|
£ |
£ |
| Fixed assets |
|
|
|
|
| Tangible assets |
13 |
|
2,039,884 |
|
| Investments |
14 |
|
2,460,324 |
|
|
|
|
4,500,208 |
|
| Current assets |
|
|
|
|
| Stocks |
15 |
3,614 |
|
|
| Debtors |
16 |
19,549 |
|
|
| Cash at bank and in hand |
|
58,091 |
|
|
|
|
81,254 |
|
|
| Creditors: amounts falling due within one |
|
|
|
|
| year |
17 |
(73,712) |
|
|
| Net current assets |
|
|
7,542 |
|
| Total assets less current liabilities being |
|
|
----------------- |
|
| net assets |
|
|
4,507,750 |
|
| Charity funds |
|
|
|
|
| Restricted funds |
19 |
|
8,380 |
|
| Unrestricted funds |
19 |
|
4,499,370 |
|
| Total funds |
|
|
4,507,750 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
2021 |
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Grants |
18,000 |
30,297 |
48,297 |
_ |
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
| Hire ofhalls |
91,917 |
91,917 |
- |
| Hire of outside facilities |
53,775 |
53,775 |
- |
| Hospitality |
12,279 |
12,279 |
- |
| Sundry hire and community events |
23,138 |
23,138 |
- |
| Total |
181,109 |
181,109 |
- |
| Unrestricted |
Total |
| funds |
funds |
| 2021 |
2021 |
| £ |
£ |
| 12,333 |
12,333 |
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
| Listed investments |
21,956 |
21,956 |
- |
| Cash |
32 |
32 |
- |
|
21,988 |
21,988 |
- |
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
| Bar purchases |
10,039 |
10,039 |
. |
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
| Investment management costs |
26,504 |
26,504 |
- |
|
Unrestricted |
Total |
|
funds |
funds |
|
2021 |
2021 |
|
£ |
£ |
| Bar purchases |
10,039 |
10,039 |
| Investment management costs |
26,504 |
26,504 |
|
36,543 |
36,543 |
| Activities |
|
|
| undertaken |
Total |
Total |
| directly |
funds |
funds |
| 2021 |
2021 |
2020 |
| £ |
£ |
£ |
| 347,323 |
347,323 |
- |
|
|
Total |
Total |
|
Activities |
funds |
funds |
|
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
| Staff costs |
146,703 |
146,703 |
- |
| Light and heat |
14,914 |
14,914 |
- |
| Sports Hall activities |
2,160 |
2,160 |
- |
| Rates |
5,113 |
5,113 |
- |
| Insurance |
4,346 |
4,346 |
- |
| Cleaning costs |
13,318 |
13,318 |
- |
| Playing field & playground maintenance |
9,637 |
9,637 |
- |
| Sundry repairs & maintenance |
15,254 |
15,254 |
- |
| Telephone |
4,981 |
4,981 |
- |
| Performing rights fee |
270 |
270 |
- |
| Refuse collection |
2,998 |
2,998 |
- |
| Security costs |
2,780 |
2,780 |
- |
| Postage & stationery |
538 |
538 |
- |
| Computing costs |
16,802 |
16,802 |
- |
| Depreciation of fixed assets |
56,315 |
56,315 |
- |
| Property repairs |
261 |
261 |
- |
| Advertising |
823 |
823 |
- |
| Hospitality |
13,503 |
13,503 |
- |
| Gas |
12,584 |
12,584 |
- |
| Accountancy |
15,270 |
15,270 |
- |
| Governance costs |
8,753 |
8,753 |
- |
| Total |
347,323 |
347,323 |
- |
|
2021 |
|
£ |
| This is stated after charging: |
|
| Depreciation of tangible fixed assets |
56,315 |
| Auditor’s remuneration - audit of the financial statements |
5,700 |
|
2021 |
2020 |
|
£ |
£ |
| Wages and salaries |
146,703 |
|
|
2021 |
2020 |
|
No. |
No. |
| Charitable activities |
10 |
- |
| Management & administration of charity |
2 |
- |
|
12 |
|
|
Freehold |
Fixtures and |
|
|
property |
fittings |
Total |
|
£ |
£ |
£ |
| Cost |
|
|
|
| Additions |
1,989,381 |
106,818 |
2,096,199 |
| At 31 December 2021 |
1,989,381 |
106,818 |
2,096,199 |
| Depreciation |
|
|
|
| Charge for the year |
42,086 |
14,229 |
56,315 |
| At 31 December 2021 |
42,086 |
14,229 |
56,315 |
| Net book value |
|
|
|
| At 31 December 2021 |
1,947,295 |
92,589 |
2,039,884 |
| At 31 December 2020 |
- |
- |
- |
|
Investments |
|
|
|
in |
|
|
|
subsidiary |
Listed |
|
|
companies |
investments |
Total |
|
£ |
£ |
£ |
| Cost or valuation |
|
|
|
| Additions |
10,000 |
2,565,475 |
2,575,475 |
| Disposals |
(10,000) |
(408,778) |
(418,778) |
| Revaluations |
- |
209,629 |
209,629 |
| Movement in cash |
- |
93,998 |
93,998 |
| At 31 December 2021 |
- |
2,460,324 |
2,460,324 |
| Net book value |
|
|
|
| At 31 December 2021 |
- |
2,460,324 |
2,460,324 |
|
2021 |
2020 |
|
£ |
£ |
| Bar stock |
3,614 |
|
| Debtors |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Due within one year |
|
|
| Trade debtors |
17,422 |
- |
| Prepayments and accrued income |
2,127 |
- |
|
19,549 |
- |
|
2021 |
2020 |
|
£ |
£ |
| Payments received on account |
11,184 |
- |
| Trade creditors |
33,754 |
- |
| Other taxation and social security |
2,939 |
- |
| Other creditors |
9,844 |
- |
| Accruals and deferred income |
15,991 |
- |
|
73,712 |
- |
|
2021 |
2020 |
|
£ |
£ |
| Deferred income |
|
|
| Deferred income at 1 January 2021 |
- |
- |
| Resources deferred during the year |
11,184 |
- |
|
11,184 |
- |
|
2021 |
|
£ |
| Tangible fixed assets |
1,999,451 |
| Investments |
2,414,943 |
| Stock |
1,286 |
| Debtors |
14,077 |
| Cash at bank and in hand |
84,215 |
| Creditors |
(96,012) |
| Total net assets |
4,417,960 |
|
|
|
|
|
Balance at |
|
|
|
|
|
31 |
|
|
|
Transfers |
**Gains/ ** |
December |
|
Income |
Expenditure |
in/out |
(Losses) |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General Funds - all funds |
233,430 |
(381,909) |
4,437,920 |
209,929 |
4,499,370 |
| Restricted funds |
|
|
|
|
|
| East Suffolk community |
|
|
|
|
|
| partnerships |
1,297 |
(1,957) |
9,040 |
- |
8,380 |
| All Weather Surface Grant |
29,000 |
- |
(29,000) |
- |
- |
|
30,297 |
(1,957) |
(19,960) |
- |
8,380 |
| Total of funds |
263,727 |
(383,866) |
4,417,960 |
209,929 |
4,507,750 |
|
|
|
|
|
Balance at |
|
|
|
|
|
31 |
|
|
|
Transfers |
Gains/ |
December |
|
Income |
Expenditure |
in/out |
(Losses) |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| General funds |
233,430 |
(381,909) |
4,437,920 |
209,929 |
4,499,370 |
| Restricted funds |
30,297 |
(1,957) |
(19,960) |
- |
8,380 |
|
263,727 |
(383,866) |
4,417,960 |
209,929 |
4,507,750 |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Tangible fixed assets |
2,039,884 |
- |
2,039,884 |
| Fixed asset investments |
2,460,324 |
- |
2,460,324 |
| Current assets |
72,874 |
8,380 |
81,254 |
| Creditors due within one year |
(73,712) |
- |
(73,712) |
| Total |
4,499,370 |
8,380 |
4,507,750 |