| 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 |