| Pages | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees'Report | 2-7 |
| Independent Auditor's Report on the Financial Statements | 8-11 |
| Statement of Financial Activities | 12 |
| Balance Sheet | 13 |
| Notes tothe Financial Statements | 14-28 |
| Trustees | Mr R Baird, Chairman |
|---|---|
| Mr J Pratt, Treasurer | |
| Mr G Lynch, Vice Chairman | |
| Dr P Athwall | |
| Ms D Head | |
| Mr C Chittock | |
| Mr R Gibson, Secretary | |
| Mr B Coupe | |
| Mr P Carr (resigned 13 April 2022) | |
| Charity registered | |
| number | 1186279 |
| Principal office | TwelveAcre Approach |
| Kesgrave | |
| Ipswich | |
| Suffolk | |
| IP5 1JF | |
| Website | www.kwmcc.co.uk |
| Independent auditor | SB Audit LLP |
| Chartered Accountants & Statutory Auditor | |
| Fitzroy House | |
| Crown Street | |
| Ipswich | |
| Suffolk | |
| IP1 3LG | |
| Investment manager | Rathbone Investment Management |
| Port of Liverpool Building | |
| Pier Head | |
| • Liverpool | |
| L3 1NW | |
| Financial advisor | Compton Valley Wealth Management Ltd |
| Compton Mill | |
| Compton Marldon | |
| Paignton | |
| Devon | |
| TQ31TB |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Notes | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and legacies | 2 | 4,000 | 6,713 | 10,713 | 48,297 |
| Charitable activities | 3 | 338,272 | - | 338,272 | 181,109 |
| Bar income | 40,177 | - | 40,177 | 12,333 | |
| Investment income | 5 | 33,480 | - | 33,480 | 21,988 |
| Total income | 415,929 | 6,713 | 422,642 | 263,727 | |
| Expenditure on: | |||||
| Raising funds | 7 | 56,814 | 56,814 | 36,543 | |
| Charitable activities | 8,9 | 586,650 | 3,802 | 590,452 | 347,323 |
| Total expenditure | 643,464 | 3,802 | 647,266 | 383,866 | |
| Net (expenditure)/income before net | |||||
| (losses)/gains on investments | (227,535) | 2,911 | (224,624) | (120,139) | |
| Net (losses)/gains on investments | 13 | (338,861) | - | (338,861) | 209,929 |
| Net (expenditure)/income | (566,396) | 2,911 | (563,485) | 89,790 | |
| Transfers between funds | 17 | 3,331 | (3,331) | - | 4,417,960 |
| Net movement in funds | (563,065) | (420) | (563,485) | 4,507,750 | |
| Reconciliation of funds: | 17 | ||||
| Total funds brought forward | 4,499,370 | 8,380 | 4,507,750 | ||
| Net movement in funds | (563,065) | (420) | (563,485) | 4,507,750 | |
| Total funds carried forward | 3,936,305 | 7,960 | 3,944,265 | 4,507,750 |
| BALANCE SHEET | |||||
|---|---|---|---|---|---|
| AS AT 31 DECEMBER 2022 | |||||
| 2022 | 2021 | ||||
| Notes | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 12 | 1,971,465 | 2,039,884 | ||
| Investments | 13 | 1,967,935 | 2,460,324 | ||
| 3,939,400 | 4,500,208 | ||||
| Current assets | |||||
| Stocks | 14 | 3,941 | 3,614 | ||
| Debtors | 15 | 21,772 | 19,549 | ||
| Cash at bank and in hand | 48,256 | 58,091 | |||
| 73,969 | 81,254 | ||||
| Creditors: amounts falling due within one | |||||
| year | 16 | (69,104) | (73,712) | ||
| Net current assets | 4,865 | 7,542 | |||
| Total assets less current liabilities being | |||||
| net assets | 3,944,265 | 4,507,750 | |||
| Charity funds | |||||
| Restricted funds | 17 | 7,960 | 8.380 | ||
| Unrestricted funds | 17 | 3,936,305 | 4,499,370 | ||
| Total funds | 3,944,265 | 4,507,750 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Grants | 4,000 | 6,713 | 10,713 | 48,297 | |
| Total 2021 | 18,000 | 30,297 | * | 48,297 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Hire of halls | 169,215 | 169,215 | 91,917 |
| Hire of outside facilities | 95,647 | 95,647 | 53,775 |
| Hospitality | 30,238 | 30,238 | 12,279 |
| Sundry hire and community events | 26,479 | 26,479 | 19,764 |
| KWMCC Events | 16,693 | 16,693 | 3,374 |
| Total 2022 | 338,272 | 338,272 | 181,109 |
| Total 2021 | 181,109 | 181,109 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Bar income | 40,177 | 40,177 | 12,333 |
| Total 2021 | 12,333 | 12,333 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Dividends received from listed investments | 33,444 | 33,444 | 21,956 |
| Bank interest received | 36 | 36 | 32 |
| 33,480 | 33,480 | 21,988 | |
| Total 2021 | 21,988 | 21,988 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| This is stated after charging: | ||
| Depreciation of tangible fixed assets | 78,620 | 56,315 |
| Auditor's remuneration - audit of the Charity's financial statements | 6,180 | 5,700 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Bar purchases | 24,842 | 24,842 | 10,039 |
| Investment management costs | 31,972 | 31,972 | 26,504 |
| 56,814 | 56,814 | 36,543 | |
| Total 2021 | 36,543 | 36,543 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Charitable activities | 586,650 | 3,802 | 590,452 | 347,323 |
| Total 2021 | 345,366 | 1,957 | 347,323 |
| . . | Activities | ||
|---|---|---|---|
| undertaken | Total | Total | |
| directly | funds | funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Charitable activities | 590,452 | 590,452 | 347,323 |
| Total | Total | ||
|---|---|---|---|
| Activities | funds | funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Staff costs (see note 10) | 256,774 | 256,774 | 146,703 |
| Light and heat | 20,804 | 20,804 | 14,914 |
| Sports Hall activities | 5,000 | 5,000 | 2,160 |
| Rates | 9,371 | 9,371 | 5,113 |
| Insurance | 5,675 | 5,675 | 4,346 |
| Cleaning costs | 21,549 | 21,549 | 13,318 |
| Playing field & playground maintenance | 14,649 | 14,649 | 9,637 |
| Sundry repairs & maintenance | 15,884 | 15,884 | 15,254 |
| Telephone | 7,478 | 7,478 | 4,981 |
| Performing rights fee | 604 | 604 | 270 |
| Refuse collection | 4,510 | 4,510 | 2,998 |
| Security costs | 2,216 | 2,216 | 2,780 |
| Postage & stationery | 540 | 540 | 538 |
| Computing costs | 25,788 | 25,788 | 16,802 |
| Depreciation of fixed assets | 78,620 | 78,620 | 56,315 |
| Property repairs | 12,133 | 12,133 | 261 |
| Advertising | 1,289 | 1,289 | 823 |
| Hospitality | 17,313 | 17,313 | 6,426 |
| Gas | 20,502 | 20,502 | 12,584 |
| Loss on disposal of tangible fixed assets | 30 | 30 | - |
| KWMCC Event costs | 24,212 | 24,212 | 7,077 |
| Accountancy | 17,055 | 17,055 | 15,270 |
| Governance costs | 28,456 | 28,456 | 8,753 |
| Total | 590,452 | 590,452 | 347,323 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 243,718 | 141,776 |
| Social securitycosts | 13,056 | 4,927 |
| Total | 256,774 | 146,703 |
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Charitable activities | 11 | 10 |
| Management & administration of the Charity | 2 | 2 |
| 13 | 12 |
| Freehold | Fixtures and | ||
|---|---|---|---|
| property | fittings | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 January2022 | 1,989,381 | 106,818 | 2,096,199 |
| Additions | - | 10,281 | 10,281 |
| Disposals | - | (117) | (117) |
| At 31 December 2022 | 1,989,381 | 116,982 | 2,106,363 |
| Depreciation | |||
| At 1 January2022 | 42,086 | 14,229 | 56,315 |
| Charge for the year | 58,054 | 20,566 | 78,620 |
| On disposals | - | (37) | (37) |
| At 31 December2022 | 100,140 | 34,758 | 134,898 |
| Net book value | |||
| At 31 December 2022 | 1,889,241 | 82,224 | 1,971,465 |
| At 31 December 2021 | 1,947,295 | 92,589 | 2,039,884 |
| Fixed asset investments | |||
| Listed | |||
| investments | |||
| £ | |||
| Cost or valuation | |||
| At 1 January 2022 | 2,460,324 | ||
| Additions | 431,340 | ||
| Disposals | (489,423) | ||
| Revaluations | (338,861) | ||
| Transferto cash | (95,445) | ||
| At 31 December 2022 | |||
| 1,967,935 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Bar stock | 3,941 | 3,614 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Due within one year | ||
| Trade debtors | 19,767 | 17,422 |
| Prepayments and accrued income | 2,005 | 2,127 |
| 21,772 | 19,549 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Payments received on account | 32,930 | 11,184 |
| Trade creditors | 14,338 | 33,754 |
| Other taxation and social security | 4,877 | 2,939 |
| Other creditors | 1,913 | 9,844 |
| Accruals | 15,046 | 15,991 |
| 69,104 | 73,712 | |
| 2022 | 2021 | |
| £ | £ | |
| Deferred income | ||
| Deferred income at 1 January 2022 | 11,184 | |
| Resources deferred during the year | 32,930 | 11,184 |
| Amounts released from previous years | (11,184) | - |
| 32,930 | 11,184 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | 1 | 31 | |||||
| January | Transfers | Gains/ | December | ||||
| 2022 | Income | Expenditure | in/out | (Losses) | 2022 | ||
| £ | £ | £ | £ | £ | £ | ||
| Unrestricted | |||||||
| funds | |||||||
| General funds - all funds |
4,499,370 | 415,929 | (643,464) | 3,331 | (338,861) | 3,936,305 | |
| Restricted | |||||||
| funds | |||||||
| East Suffolk | |||||||
| community | |||||||
| partnerships | 8,380 | 3,382 | (3,802) | 7,960 | |||
| LED grant | - | 2,631 | - | (2,631) | - | - | |
| East Suffolk | |||||||
| Council grant | - | 700 | - | (700) | - | - | |
| 8,380 | 6,713 | (3,802) | (3,331) | - | 7,960 | ||
| Total of funds | 4,507,750 | 422,642 | (647,266) | (338,861) | 3,944,265 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | 31 | |||||
| 1 January | Transfers | Gains/ | December | |||
| 2021 | 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 | ||
| LED grant | - | - | - | - | - | |
| East Suffolk | ||||||
| Council 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 | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | Transfers | (Losses) | December | |||
| 2022 | Income | Expenditure | in/out | 2022 | ||
| £ | £ | £ | £ | £ | £ | |
| General funds | 4,499,370 | 415,929 | (643,464) | 3,331 | (338,861) | 3,936,305 |
| Restricted | ||||||
| funds | 8,380 | 6,713 | (3,802) | (3,331) | - | 7,960 |
| 4,507,750 | 422,642 | (647,266) | - | (338,861) | 3,944,265 |
| Balance at | |||||
|---|---|---|---|---|---|
| 31 | |||||
| Transfers | December | ||||
| Income | Expenditure | in/out | Gains | 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 | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 1,971,465 | - | 1,971,465 |
| Fixed asset investments | 1,967,935 | - | 1,967,935 |
| Current assets | 66,009 | 7,960 | 73,969 |
| Creditors due within one year | (69,104) | - | (69,104) |
| Total | 3,936,305 | 7,960 | 3,944,265 |
| 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) |
| Ttl | 4,499,370 | 8,380 | 4,507,750 |