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||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|
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|**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|
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|||**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|
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|**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**|
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||**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||
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||**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||
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||**Unrestricted**|**Total**|Total|
|---|---|---|---|
||**funds**|**funds**|funds|
||**2022**|**2022**|2021|
||£|£|£|
|Bar income|40,177|**40,177**|12,333|
|Total 2021|12,333|12,333||
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||**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||
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||**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|
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||**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||
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||**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|
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|||**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|
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||**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|
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||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**|
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||**2022**|2021|
|---|---|---|
||£|£|
|Bar stock|**3,941**|3,614|
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||**2022**|2021|
|---|---|---|
||£|£|
|**Due within one year**|||
|Trade debtors|**19,767**|17,422|
|Prepayments and accrued income|**2,005**|2,127|
||**21,772**|19,549|
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||**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|
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||||||||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**|
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|||||||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|
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|||||||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**|
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||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|
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