Chaffty number: 1186279 KESGRAVE WAR MEMORIAL COMMUNITY CENTRE TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 KESGRAVE WAR MEMORIAL COMMUNITY CENTRE CONTENTS Pages Referen¢e and Admlnistfativ• Delails of the Chaiity, its Trustees and Advisers Trustees. Report Independent Auditofs Report on the Financial Slatemenls Ststement of Fin•ncial Activitiès 8-11 12 Balancè Sheet 13 Noles tts1￿ Financial Ststements 14-28 KESGRAVE WAR MEMORIAL COMMUNITY CENTRE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARffY. ITS TRUSTEES AND ADNISERS FOR THE YEAR ENDED 310ECEMBER 2023 Trusl•es Mr R Baird. Chairman Mr J Pratt, Treasurer Mr G Lynch, Vice Chairman Dr P Athw811 Ms D Head Mr C Chittock MT R Gibson, Secretary Mr B Coup8 Charity registered number 1186279 Principal office Twelve Acre Approach KÈsgrav¢ Ipswich. Suflolk IPS 1JF Website .kwmcc.co.uk Ind•pénd•nl audltor Sumer Audll¢o LlmOt8d Statutory Audtto Fitzroy House Crown Str88t Ip5wMch Suffolk IP13LG Investrnent rnanagor Rathbone Inv8strnont MaNagem8nt Port of Liverpool Buibjing Pi6r Head Liverpool L31NW Flnancial advkor Compton Val￿Y WeaRh Management Ltd Corrlpton Mill Compton Marhjon Paignton Devon Ta3 1TB Pag¢ 1 I￿GRAVE WAR MEMORIAL COMMUNITY CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Thg Trustees pr856nt thelr Annual Rèport togèthèr wlth thè audited financlal statements of the Kesgrave War Memorial Community C9ntre (th8 "Ch8ntyJ for the year ended 31 December 2023. The Trustegs confirm th8t the Annual Report and financlal ststement5 of the Charity Minply vAth the current ststutory requirements, the requirements of the Charity's gOverr￿ng dooumenl 8nd th8 prowsions of the Statement of Recornmended Pra¢lice ISORP), applicable to charitie5 preparing their accounts in a￿OrdanCe with Financial ReportiThJ Standard 8pplicabl8 in the UK and Republic of Ireland FRS 1 D2). ObJe¢tlves aclivrtio$ . Poli¢les and obJo¢tlvos The objèclives of the Ch8rity sh811 be Ihe provision and maintenance of 8 cornmunity cenlre. r8cre8tion areas and 5FMJlts ground, for the ugo of tho inhalytsnts of the town of Kasgravo. wthout disl'nction of political, religious or other opinions. includiro u88 for meeting5. lectures 8nd cl855e5 and for other forms of reGreation ar￿ 18isur8- lJme o¢cupation. with the ot4ect of improving the condrtions of Ife for the Said inhabitants. The folbmng strategic objectives have been set to under￿n the Charitys objectives. To achieve at least a break-even position month by Month between income and exteThJiture from the tradlng operations so that draw-dovms from the Investment portfolio are only needed to subsidize premis8S m8int8n8nc8. To make (( easy and èffident for ￿rerS to deal wrth us anab11￿ tho Charlty to compete wfth the best venues in Suffolk and t* recognis8d 8S th8 g￿10 pl8c8 in our area to host an event. To Oll5UFe th8t sufficient funds are available from lh8 inves18d portfolio to sustdn the upkeep of tho premises into the long term. In normal circumstsnces it is our aim not to 8low the level of investments to f81 L*liA¥ £2,000,000. To operale the Char1ty In comFlIan￿ ¥vlth a118pplicable law, regulations and best pra¢tSc8 guidanc8. Ak)ov8 dl. to provide 8 safe 8twironment for the activities we host. for those parDup8ting in, or who may b8 aftected ty, them, The Trust88s confirm that they have referrad to the guidance contained in the Charity Commission oeneral guidance on publlc benefit when revi¢wng the Charffy's aims and 0￿.eCtiveS and in planniro fulure aCtivit￿es. Page 2 KESGRAVE WAR MEMORIAL COMMUNITY CENTRE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OECEMBER 2023 Obj•ctivas and acliviti•s lcontinupdl b. Legal status The inform8tiDn Dn p8ge 1 forms part of this reFort. The Tr￿te98 $8t out page 1 have hekl office during the wtrLole y8ar and to th8 date ot Ihls report, unléss oth8rwEe stated. Kesgrave War M8moFial Community Centre 1$ a charitable inCorFy)r8￿ org8nis8tion {CIO) registsred with tho Charity CommiSsic￿ in England and Wales under d)arlty number 1186279. It was registered on 11 November 2019 and was set up lo take fon¥8rd th8 8ctivits.es of Kesgrave War Memorial Comrnunty Centre. The a55ets and acUviti8s of Kesgrave Waf Memorial Comnwnity Centra (0304779) were tran51erred to the CIO on 1 April 2021.lts governing document is the wn5titution d8t8d 11 November 2019. The Charity is m8nag8d by a Board of up to 12 Trustees who may b& appointed at any time ty a majoriti of the Board. No Trustee received any remuner8tion from the Charity during etlher the cuirenl year or PFiof y88r. The Tru8t88s h8ve appointed a Financial Advisor. Compton V811ey W8&Mh M8nBgement Ltd. to review the Chariws investments and make re¢omm?nd8tions to rneel approved financial objectives. c. Main activities undertaken to further th• Charity'5 purposes for thg public bonafit The Charity continue¥ to provide high quality indoor and OLJtdoor fa(ilities for hire by Ioc81 clute and resid8n15 8t sutjsidised Cost. It part funds these subsfdies through otheT hirings to organisations and individuals at commer(x81 r8t8s. It 8ng8g85 Wlth local Government. the polce and local organisation5 to provide activities for all es in the Community. 11 continues to work 4Mth and has the 5UPPOrt of Sport, Amenities, Recreation in Kesgrave (SPARK) a local charity and Kesgi8ve Town Coundl and continuas to d8V8lop its conneclions with the District and County Councils and business organisations. Page 3 KESGRAVE WAR MEMORIAL COMMUNITY CENTRE TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Achi•v•rn•nts p•rfomian¢È a. Rtvimv of adivilies and financial perforrnance Total In¢omè for tho ¥8ar ended 31 December 2023 aris1￿ from hlre of our indoor and outside facilities was £412.321 (2022- £338272). ExpeThJiture in the trading account ofthe Chanty was monltor6d cbsaly and was £687,463 {2022- £847.266). The investment portfolo as at 31 D8cember 2023 amounts to £2,055,463, having in(Ye8sed lry £87,528 from 1 January 2023. Kesgrave War Memori81 Communty Centre continues to provide high quslity indoot And outdoor facilittes foT hire local oluts, r85idonts and many other organisations. Wve see regular events. meetings, training. Weddi￿5, 8nd sport 8t our faakties. In 2023 KWMCC won the Community Bull¢Jlro Award in the Suffolk Communty Avrnrds Presentations. Thi5 awsrd recagnise5 the positive contribution made to the community by KWMCC though it& buildirvJs facilities. KWIACC continu85 to engage with Ic¢al governmgnt, th8 police. and local organlsatlons to provkxe activlties for all ages in the Community. In addition. rt corlinues lo work wtth SPARK. K8sgr8ve T(Iwn Couneil and with its onngclons wtth the tlistrict and County Council along wtth local buslness organisab'ons. 2023 has L￿n a very positive year for KWMCC. The Marketing and Events team have Continued lo provide a host of events during th8 yefir which kn8ve catei8d for a wid¥ variety of our (x)mmuThty. Th6se events are always so well supported and hi5 has increased usage and the visitdlity of the centre. The monthly Chirnwag Gontinues lo be 8 great $u¢¢ess for the charity with numbers of 8tt8ndee8 regularty roa¢hlNJ 150+. Special attentlon Is currentty balng given to promob'ng the centre for weddings and a new wedding brochure has b88n cre8t8d. Slnce the app)intmonl of a new facilit16s manager In 2022 the charlty has continued to make significant improvements to its buildings by carrying out mosl of tho general m8inten8nce in house. Throughout 2023 upgrades end maintenance were carried out in all areas of our facilrties which has resulted in tho Charty rec&ving very positive fO￿lb￿Ck from our users. 0￿r general wlicy docurnent5 arml IT 5y5tern8 conth'nuè to be revièwad. malntainéd, and upJraded where require(S. The ¢harrty'$ finencial 8dvisDT8 conlinue tD I'eview and monitor our inv&strn8nt portfolio and our investments fi￿Lsh￿l th8 year above the £2m mark after takings and drawng down cash injeclions wero required. In co￿lUSiOn the board of Irustegs would like to r?cord our &ncere thanks to our manager, staff. ¢onsultsnt, advisor5. and grant prDvideis who have continuad to supwrt KWMCC durlng 2023 and aU¢wed It to achleve very positive and su¢cessful year. Page 4 I￿GRAVE WAR MEMORIAL COMMUNITY CENTRE TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 ACh￿v￿MeThts and ￿rtOM￿n¢￿ (canlinu•d b. Investvnent policy and perfomian¢e The Charity'8 investrnents are m8n8g8d by RathbDne Investment Management. with Compton Valley W8ath Management Ltd acting as tts Financial Adviser, monilorino the performance of its investrnents. Bi-annual review tf*81ings ale held by both companias to r8Wrt on past performance and adyisè on futur8 trèNls and re¢ommendalion5 for inv851menl. ¢. Factors ra￿¥2￿ to achkva oblectives The Twstees are aware of the COm￿tIll0n. both wthin the kxal are8 and wider affiekl, for factlty hire and work hard lo ensu￿ their offar 15 competitNe. AddMonal money has been spant this year on upgrading ilties and work will eontlnue in the effort to ersure th8 Charrty mget5 its hirers, eXP￿LIatiOnS. The Charity 1$ continuing to 8xpand tts ofler for swrts and heaRh ￿tivIties. supported whbie p05siblè by extem81 funding iniiialty and the A￿l¥e Pdults are an excellent example of what can be achieved for a hard to reach group. Financial review a. Golng ctsncern After maknrwJ 8ppropriet8 8nqiiii85. the Trustee6 h￿e a reasonable expoct8tion that th8 Charity has 8d8qU8te financial resources to conb.nue In operational exislence for the fore8ee8ble fulure, being a period for at least 12 mnth5 from tho date of approval of th8S8 finanixal Statements and meet its liabilities as they fall due. For reason they continue to 8dopl th8 going concem b88is in preparing the financial ststements. b. FlnanGial pollcy Eycess funds are held wthin an inve8tmenl porfoKo. The Charity monitors ils tradiro income and extonditure against budget and ¥A)en ￿hfloW requroments dictate a lump sum B wthdrawn from the investm8nt Fortolio. . IAAterial inveslments policy Inv8slments held are managed by the Charitys Investment M8neger (a Dis¢relionary Fund Manager) in acccrdance bmth an agreed risk profile r8commended by and agreed wth th¢ Charity$ Financial Adviser. This Is reviewed at least annu81ty ty the Trustees. structiir•• gov•rnance and managemenl 4. M•thods of appointment or election of Trustees The management of th8 Charfty Is the responsikility of the Trustees, who ar8 8lected under the ter￿￿ of the gc)v8ming (kicument. b. Poli¢lo$ adopted for the induction and training of Tru51ees The Chgritys SaGrelary is respon61ble for the induction of new Trust88s and rllak85 all inforwnation rgquired 8vai18ble, according to Charity Commission guidance. Page 5 I(ESGRAVE WAR MEMORIAL COMMUNrrY CENTRE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structur81 govemance and rnanagom•nl Icontinued) c. Pay pollcy tor staff Pay policy for all stsff is revi8w8d on an annu#l basis by the General Manager and 8PPtovod by Ihe Trustses. d. Govèrn•nc• and Inkmal controls M8nagement of the Charity is v8Sted in 8 808rd of Trustees which meets monthty. Th8 Boaid makes 811 the decislons about the Charity. A Governance and Development Group makes certain recommendalions on investments atKI other matter5 which aTe ralified by the Board of Trustees. Day to day operation is Tull by th8 General Manager who roports to the Board of Trustees. Risk and risk management The Charity has a set of Finan¢i81 Regulallons to contfol all aspects of financial planning including investments )licy. A comprehensive Risk Register 15 al80 eStab￿'Skned. Both documanls ale reviewed ty the Board on an annual basls. Statemornt of Tr￿stee$. responsibilities Th8 Truste85 are responsible for preparing the Trustees, Report ané the financial sl*ments in accon18nc8 Tmth 4)plicabl8 law a￿1 rogulalions. The appli¢able to charities in England & Wales requires the Trustees trj ProF￿r8 financial statements for each financi81 in ac{x)￿anCe wlth Vnlted Klngdom A¢¢ounllng Ganerally Accepted Accounting Practic8 Iunited lfjngdom Accounting Stsndards and 8pplic8ble l&w)- The trustees must not approve th8 fin8nLY81 statements unless they are $8tlsfied that they ￿'ve a true and fair view of th8 Stale of affairs Df the Charity and of the incoming re50urc85 and application of resouThs, including the Ir￿m6 and expeni*ture of the Charity for that period. In prepariro these f nancial statements, the Trust805 8r8 required to.. select suitable ￿CoUntIng policies and then 8pply thom consistenlly; observe the mgthods and principles of the Charities SORP., make judgrngnts and acGOUnting estimates that are reasonabla and prthJ8nt', stal8 whether applicable UK Accounting Standards have be9n followed. subjecl to any material de￿￿trJrtrE disclos￿1 and explained in the financ4al statemgnts,. 8nd pmpara the ffinancxal statements on the going Concern basL% unl6ss *18 Snappropriate to presurne that the Charity will ¢ontinue to operats. The Trustees are responsibl8 for keeping adequate accounting re￿rdS th91 disdos8 vAlh reasonable aGturaGy al any time the financial positj'on of the Charity and enable them lo 8nsure th8t the financi81 statements CoM￿Y ith the Charitses Act 2011, the Charity IAccountS and Re￿rts> Regulats'ons 2008 and the provisions of the trust deed. They are also responsibl8 foi 88f8gu8nling the assets of the Chattty and h8nc8 ft)I taknng reasonat4e steps for the prav8nlon and detection of fraud and other irr8gularib'8S. Page 6 KESGRAVE WAR IqEMORIAL COMMUNITY CENTRE TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Auditor On the 28th March 2024 our 8￿￿110￿, SB Audit LLP. merged 8urner Auditco Lirnited. Accordingly SB Audt LLP f0m1al￿ resrgned 88 th8 Ch8rilV8 auditor vAth the Trusle8s duly 8ppointing Sumer Audltco Llmited tts 1111 the vac8ncy 8rfSir￿. Approved by order ofth8 m8rnbets of the 8oard of Trust88s and &gned on their behalf Mr R Baird {Ch8ir of TtU5tees) Oate.. 21T¢* 7c*w+ Pago 7 KESGRAVE WAR MEMORIAL COMMUNITY CENTRE INDEPENDENT AUDITOR'S REPORTTO THE WFEMBERS OF KESGRAVE WAR MEMORIAL COMMUNITY CENTRE Opinion We have auditgd th& financlal statements of Kesgrnve War M6mortal Community Cenlre (the for the yegr ended 31 December 2023 which compris8 of the Statement of Financial Adivities. the 8818nce Sheet and the related notes, Sn¢ludlng a summary of significant a¢¢ounting polK¢es. The fin8ncial reporling framework that has been applied in th8ir preparation is applicable Faw and Untted Killgdom Accounlirvj Stand8rds. including Financia5 Reporkn"ng Standard 102 'Tho Finai)ciiil Reporting Slandard applcabl8 in the UK and Repu￿1¢ of Ireland. (United Kin￿￿Orn Genei8lly Accetrted AGcountin9 Practic8). The finan￿8[ statements have been prepared in 8ccordance with A¢counts'no and Rewrting by Charities pr8p8ring their accounts in acGor(lanG8 Wth the Financial Reporting Stsndards aP￿Icable In th8 UK and Republc of Ireland (FRS 102) in pref8r8nce to the Accountitwj and Reporting by Charitie5.' Statement of Reco￿￿￿ended Prac￿¢8 Issued on 1 Apftl 2005 whl¢h Is referred to in the extant regulatiorts but has been withdrawn. This has been done in order for the fin8nci8151atements to wovid8 8 tru8 and f8lr vlew in Sccothnce with the Generalty Accepted Accounting Practi¢e effeclive for r8porting periods beginning on or after 1 Janu8ry 2015. In our OFMiion the financial statements.. give a true and fair view ot the state of th8 Ch8riWs aflairs as at 31 Oeoember 2023 of rt8 inc(Mming r8sourc85 and applicatioh of rè$our¢o$ for thè yèar then ended: have been prop8rly prepared in a¢¢ordance with United Kingdorn Generalty Accepted Accovrrtlng Pr8etice.' and have been prèpared In accordancg with Ihe requirements of Ihe Charlbes Act 2011. 8asis for opSnlon We conducted our audit in sccord8Trce wrth International Standards on Auditing ￿K1 Hire of outside facilities
Hospitality
Sundry hire and community events
KWMCC Events
**Total 2023**
Total 2022|**Unrestricted**
**funds**
**2023**
**£**
201,809
93,624
55,192
26,189
35,507
412,321
338,272|**Total**
**funds**
**2023**
**£**
**201,809**
**93,624**
**55,192**
**26,189**
**35,507**
**412,321**
338,272|Total
funds
2022
£
169,215
95,647
30,238
26,479
16,693| |---|---|---|---| ||||338,272| ||||| ## **4. Income from trading activities** |Bar income
Total 2022
**Investment income**
Dividends received from listed investments
Bank interest received
Total 2022|**Unrestricted**
**funds**
**2023**
**£**
52,662
40,177
**Unrestricted**
**funds**
**2023**
**£**
36,079
271
36,350
33,480|**Total**
**funds**
**2023**
**£**
**52,662**
40,177
**Total**
**funds**
**2023**
**£**
**36,079**
**271**
**36,350**
33,480|Total
funds
2022
£
40,177| |---|---|---|---| ||||Total
funds
2022
£
33,444
36| ||||33,480| ||||| ## **5. Investment income** Page 18 KESGRAVE WAR MEMORIAL COMMUNftY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Net (expendlturnylncome 2023 2022 This is ststed 8ft8r charging: Oepreciation of tanglblè llxed assets Audll(Mts remuneration- audit of the Charlws ffinandal statements 74.763 7,524 78.620 8.180 Expendllure on ralslng fvnds Unr4strlcl•d funds Total funds 2023 Tcrtal funds 2022 2023 BaT purthases Investment managem8nt cl￿6 24,842 31.972 24,842 31,972 10.039 56.814 66,814 10.039 Total 2022 36,543 36,543 Analysis of expondituro on charitable activitias Summary byfvnd typ• Unrestricted Rèstrictèd funds funds 2023 2023 Total 2023 T￿81 2022 CharltaLqe actlvlles 608.312 19.958 628.268 590.452 Total 2022 586,650 3,802 590,452 Page 19 KESGRAVE WAR MEMORIAL COhlMUNITY CENTRE NOTES TO THE FINANCIAL STATEpJfEKTS FOR THE YEAR ENDED 31 DECEM8ER 2023 Anatysis of expendfture by a￿1ville￿ Adiviti?$ undertaken directly Total funds 2023 Total funds 2022 2023 Charitable actmties 628,268 628.268 590.452 Analysis of direot costs Activities undertaken irectly 2023 Total lunds 2023 Total funds 2022 Stsff cost5 {se8 note 10) Light end heat Sports Hall activiti8S Rates In6urance Cleaning costs Pl8yirKJ fi81(J & ptayground maintenance Sundry repoirs & maintenance Telephone Porformlng r￿hts fee Retse collection Securty cists 288,431 21 ,791 12,405 10,228 6,018 19,S54 8,407 10,305 7,176 2,052 3,571 2,614 288.431 21,7$1 12.405 10,226 6.018 19.554 8.407 10.305 7,178 2,OJ2 3,571 2,614 256,774 20.804 5,000 9.371 5.675 21,549 14,649 15,884 7,478 604 4,510 2.216 è11] Postage & slalionery computs.ffj costs Depieclation of flxed assets Proparty repalrs Advertising Hospitality Gas Loss on disposal of t0￿¢bI8 fix8d assets KWMCC Event costs Accountancy Governance c(Bts 884 540 27,355 74,763 6,216 2,259 31,S75 19,047 27,355 74,763 21B 25.788 78,620 12,133 1,289 17.313 20.502 30 24,212 17,055 28.456 2.259 31.575 19.047 34,792 20,955 17,872 34.792 20,955 17.872 Total 628,268 628,268 590,452 Pago 20 KESGRAVE WAR MEMORIAL COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. Slaff Costs 2023 20f2 W&Jes and salar Social security costs 267.725 20.706 243.718 13.056 Total 288.431 25e,774 The average number ol persons gmpbyed by the Charity during Ihe y88r w88 as follow3.. 2023 No. 2022 No. Charitable actNities 11 Management & adminlstrallon of th8 Ch8rity 12 13 No employee recelved rernuneration an￿u￿lIng to more than £80,000 in esther year. 11. TfUStees' remuneration and oxpens•$ During the year, none of the Twste88 r8c8iV8d any remuner8tion or other benefits P022- £NIL). During the year ended 31 Decemtw 2023: no Tru8tee expensas have been Incurred {2022 - £NIL>. Page 21 KESGRAVE WAR MEMORIAL COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEM ENT5 FOR THE YEAR ENDED 31 DECEMBER 2023 12. Tanglble Ilxed assets FT6ehokl FLxtures and property frtbng8 Total Cost At 1 January 2023 Additions 1,989.381 116,982 3,649 2.106,363 3.$49 At 31 December2023 1,989.381 12ts,631 2.110.012 Depreciation At 1 Janu8ry2023 Charge for the year 100.140 58,054 34.758 16,709 134.898 74.763 At 31 December 2023 158,194 51A67 2Q9,661 Nel book value At 31 DvLemtJer 2023 1.831.187 69,164 1,900,3S1 At 31 December 2022 1,889,241 62,224 1,971.465 Page 22 KESGRAVE WAR MEMORIAL COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Fixed asset inveslments Listed invastments Cost or valuation At 1 January 2023 Addltlons Disposals Revaluations TTrnsfer to cash 1.967.935 420,758 1495,2561 16S,920 13.894) At 31 December 2023 2,oSS,463 Included in the 8bov8 8r8 pr8f&rence shares with a Market Value of £88.311 12022. £25,200). The underfying market valuatson of these instruments is based Upon the p9rformance of Ihe S&P 500 index: 8nd the ￿SE 100 irKlex. One of thfj inslium8nts has a redemption dale of 27 Octob8r 2027 and the other a r￿eMptIOn date of 22 November 2024. The market for the instrument 18 not active with r￿eMptiOn being subject to prov18ions set out in the terms of the issuer. In the absence of active tradino the instruments would ￿ cl055ifi8d as illK4uid in nature of th8 markot mgan5 that the instrurnents are not trad8d regularty and not readity realisation lo the Charity. The preference shares have 8n inler88t entfM8mont of 0% and have b88n inv8St8d in wilh the Intent to achievts capital growth. 14. Sto¢k8 2023 2022 Bar slo¢k 5,404 3.941 15. Debtors 2023 2022 Duè within one year Tr8d8 debtors Prepayments accrued income 64,357 3,668 19.767 2.005 57,925 21,TT2 P8g8 23 KESGRAVE WAR M EMORIAL COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Creditors: Arnounts falling due within ong year 2023 2022 Payments received on 8Gcounl Trade Creditors Other taxalicn and sodal security Other credito A¢cru815 76,709 9,347 5,922 799 14,970 32.930 14.338 4.877 1,913 15,048 107,747 69.104 2023 2022 Defeirnd in¢ome Deferred income at l January 2023 Resources deferred during the year Amounts r818ased from pravious years 32,930 76,709 132,9301 32.930 76,709 32.930 Deferred income relates lo payments on account for od'vrties booked that relate to futur8 8ccounting riods. Page 24 KESGRAVE WAR MEMORIAL COMMUNifi CENTRE NOTES TO THE FINANCIAL STATEM ENT8 FOR THE YEAR ENDED 31 DECEMBER 2023 17. Statement of funds Slatement of funds - current ywr BaFance at 31 December 2023 Balance al 1 January 2023 Gainsl (Los58s) Income Expenditure Unrestri¢ted funds General Funds - all funds 3,936,305 501.333 1667,5071 165,920 3,936,051 Restricted funds East Suffolk communty partnerstrips SPARK Grant Tim8 together Tuesday Grant Summ8r H(AMlay Activities Grant Teenage Hangout Grant D8fibrllalor Gr8nt Flow8rb8d Grant 7,960 5.012 1.000 1.250 18,176? 11,0001 1667) 4,796 583 4,095 2.000 2.000 2.018 14,095) 12,000) {2,0001 12,0181 7,960 17.375 (19,9561 5,379 Total of funds 3,944,265 518,708 (687.4631 16S,920 3.941.430 Page 25 KE8GRAVE WAR MEMORIAL COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 17. Statement of funds {Co￿tIn￿e￿) SL*ement of funds - prior year Baknce at 31 Galnsl Decemb8r {Loss8s) 2022 Balance 81 1 January 2022 Translef5 inlout Incom0 ExwTrdi￿re Unrestricted funds General Funds - all funds 4,499.370 415,929 (643.464) 3,331 (338.861) 3,936.305 R•strlctsd funds East Suffolk community partnerships SPARK Grant Time together Tuesday Grant 8,380 3,382 2,631 (3,802) 7,9SO (2,631) 700 00) 8,380 6,713 (3,802) (3,331) 7,960 Total of lunds 4.507.750 422,642 (647.266) (338,861) 3,944.265 Page 26 KESGItAVE WAR MEMORIAL COMMUNITY CENTRE NOTES TO THE FINANCIAL sTATEmE￿r8 FOR THE YEAR ENDED 31 DECEMBER 2023 18. Summary of funds Summary of funds- current year BaPanco st 31 Decembef Balance al 1 January 2023 Galnsl {Losses) Income Expenditur8 2023 General funds Restricted funds 3.936,305 7,980 501.333 17,375 1667,307 118,958 165,920 3,936,Q51 5.379 3.944,265 518,708 1687,463) 165,920 3,941.430 SumTllary of funds- prior year Baknce at 31 Decemker 2D22 8alance al 1 January 2022 Transfers inlout Gainsl (Losses) In¢ome Expenthtur8 General furds Ro$tri¢tgd funds 4,499.370 8.380 415,929 8,713 {843.484) (3,802) 3,331 (3,331) (338,861) 3.936.305 7,96D 4,507.750 422,642 (647.266) (338,861) 3,944,285 19. Analysls of nel assets between funds A TralYS￿ of net a$s•ls betr￿n funds- current yoar unl￿1¢￿d Restricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Fixed asset inveslments Current assets Cr&JltOfS due wlthin one year 1,goD,351 2,055,463 87,984 (107,747) 1,900,351 2,065,463 93,363 (107.741) 5,379 Totsl 3,938,051 5,379 3.941,430 P8ge 27 KESGRAVE WAR M EPAORIAL COMMUMn CENTRE NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 2023 19. Analysls of net assets belween funds Icontinu•dl Analysis of assets beknween funds - prior yaar Unrestricted funds 2022 Restricted funds 2022 Tolal funds 2022 Tangl￿0 fix8d assets Fixed asset in¥gStmentS 1,97T,465 1,967.935 66,009 {69,104) 1,971,485 1,967,935 73,969 (69.104) Current assets 7.960 cr￿ltorS due *Athln one year Total 3,936,305 7.980 3,944,265 20. Relalod party transa¢tlons There is no ultimate controllng w. The key management personnel of the Charity received remuneration of £50.341 P022 - £47,OS91 during the year. There were no other felated party Iransartions in gither year. Paoe 28