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2022-12-31-accounts
|
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 |