2022-08-31-accounts - Lymington Community Association

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Trustees' Report		I to 8
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	10to 12
Statement ofFinancial	Activities	13
Balance Sheet		14
Notes to the Financial	Statements	15to29

Reference and Administrative	Reference and Administrative	Details
Trustees		LLewis
		C Healy
		P Wagstaffe
		D Legg	(Resigned	27~ June 2022)
		V Galbraith	(Resigned	9~ October 2022)
		JRuffell
		L Dawson
		N Browne
		M Ross
		P Allen	(Appointed	on 18'" February 2022)
		RBlatchford	(Resigned	on 10~ January 2022)
		Judith Frances Turner	(Appointed	on 6~ February 2023)
Principal Office		New Street
		Lymington
		Hampshire
		SO41 9BQ
Charity Registration	Number	1188765
Solicitors		Lester Aldridge
		Russell House
		Oxford Road
		Bournemouth
		Dorset
		BH8 8EX

						Total	Total
				Vnrestricted	Restricted	2022	2021
			Note
Income and Endowments		from:
Donations and legacies			2	9,000	23,223	32,223	414,962
Charitable activities			3	418,293		418,293	224,860
Other trading activities				30,486		30,486	2,622
Investment income				798		798	17,714
Other income				530		530	45,581
Total income				459,107	23 223	482,330	705 739
Expenditure on:
Raising funds				(31)	(4,506)	(4,537)	(666)
Charitable activities				529745	30 166	499579	470 550
Total expenditure				529776	25 660	504,116	471 216
Net (expenditure)/income				(70,669)	48,883	(21,786)	234,523
Funds transfer from	old charity						1,196,419
Transfer between funds				100,000	100000
Net movement in funds				29331	51,117	21,786	1 430942
Reconciliation offunds
Total funds brought	forward			1 208686	222 256	I 430942
Total funds carried	forward		17	1,238,017	171,139	1,409 156	1,430,942

		Balance Sheet as at	31August 202	2
				2022	2021
			Note	f,
Fixed assets
Tangible assets			13	928,134	812,441
Current assets
Stocks			14	1,818	1,818
Debtors			15	57,523	93,263
Cash at bank	and in hand			476 105	583610
				535,446	678,691
Creditors: Amounts		falling due within one year	16	54,424	60,190
Net current	assets			481 022	618,501
Net assets				1,409,156	1,430,942
Funds ofthe	charity:
Restricted income funds
Restricted funds			17	171,139	222,256
Unrestricted	incotne	funds
Unrestricted	funds			1,238017	1 208,686
Total funds			17	1,409,156	1,430,942

			Unrestricted
					Total		Total
			General	Restricted	2022		2021
			f	f
Donations	and legacies;
Donations	from individuals						16,081
Grants, including capital grants;
Corona Virus Job Retention		Scheme
Grant							57,766
Government	grants		9,000			9,000	38,715
Fund Raising - Celebrating		70		23,223		23 223	302,400
			9,000	23,223		32,223	414,962

3 Income	f	rom c	haritable activities
				Unrestricted
				funds	Total	Total
				General	2022f	2021 f,
Subscriptions				11,614	11,614	9,559
Subscriptions		from	affiliated bodies	1,650	1,650	1,670
Car park income				6,909	6,909	6,229
Classes income				6,832	6,832	3,171
Bar				12,019	12,019	797
Cafe				46,104	46,104	13,927
Cinema/Malt		Hall		63,514	63,514	10,964
Pottery				1,771	1,771	654
Lymington	Players			14,178	14,178	450
Preschool				95,713	95,713	109,380
Public and	internal		room hire	156,097	156,097	67,368
Equipment	hire			1,318	1,318	168
Photocopying		income		574	574	523
				418,293	418,293	224,860

		Unrestricted
			Total		Total
		General	2022		2021
			E
Sale	ofbooks	6,554		6,554		2,622
Tidal	Botique sales income	23 932		23 932
		30486		30 486		2,622

5 investment in	come
		Unrestricted
				Total		Total
		General		2022f		2021 f,
Interest receivable	and similar income;
Interest receivable	on bank deposits		798		798		364
Freda Holmes Legacy							17,350
			798		798		17714

6 Other	income
		Unrestricted
				Total		Total
		General		2022		2021
Insurance	claim						45,581
Other income			530		530
			530		530		45,581

				Unrestricted
				funds		Restricted	Total		Total
				General		funds	2022		2021
			Note
Fundraising	trading	costs;
Fundraising					31	4506		4,537		666
					31	4,506		4,537		666

8 Expenditu	re on charitable	activities
		Unrestricted
		funds	Restricted	Total	Total
		General	funds	2022f	2021
Classes expenditure		2,417		2,417	1,070
Bar		6,587		6,587	546
Cafe including	salaries	39,954		39,954	27,364
Cinema/Malt	Hall	35,029		35,029	5,901
Lymington Players		3,519		3,519	1,199
Preschool		94,270		94,270	94,994
Pottery expenditure		489		489
Planning fees		16,151		16,151
Photocopying	expenditure				130
Support costs		312,457		312,457	249,270
Depreciation		18,872	30,166	11+94	90,076
		529,745	(30,166)	499,579	470,550

				Unrestricted
				funds	Total	Total
				General	2022	2021
Administrative	salaries			150,590	150,590	111,260
Water rates				1,919	1,919	1,133
Light and heat				33,890	33,890	20,548
Insurance				11,411	11,411	10,265
Building repairs				9,970	9,970	10,559
Equipment repairs and		renewals		1,545	1,545	553
Computer maintenance		and
sofbvare				4,575	4,575	4,075
Telephone				3,544	3,544	3,237
Printing, postage, stationery			and
advertising				4,258	4,258	3,129
Newsletters and	MLAP			1,065	1,065	293
Sundry expenses				4,440	4,440	3,379
Cleaning and waste disposal-
including wages				64,405	64,405	69,204
Accountancy				8,289	8,289	6,225
Legal and professional		fees		9,399	9,399	3,712
Bank charges				3,157	3,157	1,698
				312,457	312,457	249,270

11 Staff costs The aggregate payroll costs were as follows;
	2022	2021
Staff costs during the year were:
Wages and salaries	281,756	262,291
Social security costs	13,707	10,349
Pension costs	4869	3649
	300,332	276,289

2022		2021
No		No
	19		24

13 Tangible fixed as	sets
	Land and	Furniture	and	Computer		Celebrating 70	Freehold Fuller
	buildings	equipment		equipinent		refurbishment	McLellan Hall
Cost
At 1 September
2021	175,271		241,657			370,742	706,890
Additions			1 617		1 850	100932
At 31 August
2022	175,271		243 274		1 850	471,674	706 890
Depreciation
At 1 September
2021	113,217		241,481			115,199	212,222
Charge for the
year	3 503		717		514	30 166	14 138
At 31 August
2022	116,720	242 198			514	85,033	226 360
Net book value
At 31 August
2022	58 551		1 076		1,336	386641	480 530
At 31 August
2021	62,054		176			255,543	494 668
							Total
Cost
At 1 September 2021							1,494,560
Additions							104,399
At 31August 2022							1,598,959
Depreciation
At 1 September 2021							682,119
Charge for the year							11,294
At 31 August 2022							670,825
Net book value
At 31 August 2022							928,134
At 31 August 2021							812,441

14 Stock
		2022		2021
Stocks			1 818		1,818
15 Debtors
		2022		2021
Trade debtors			22,701		14,830
Prepayments			17,472		9,508
Other debtors (Freda Holmes legacy and insurance	claim)		17,350		68925
			57,523		93,263

16 Creditors: amounts	16 Creditors: amounts	16 Creditors: amounts	falling due within	falling due within
					2022	2021
Trade creditors					9,890	17,104
Other taxation and		social security			1,502	4,073
Pension scheme creditor					2,169	1,219
Accruals					16,121	15,067
Deferred	income (Seebelow)				24,742	22 727
					54424	60,190
					2022	2021
						f,
Deferred	income at	1 September		2021	(22,727)	(17,844)
Resources	deferred	in the period			24,742	22,727
Amounts	released from previous			periods	22,727	17,844
Deferred	income at	year	end		24,742	22,727

17 Funds
				Balance at 1
				September	Incoming	Resources		Balance at 31
				2021	resources	expended	Transfers	August 2022
Unrestricted
General
Unrestricted		general fund		28,559	383,968	(412,693)	76,625	76,459
Designated
Establishment		fund		812,441			100,932	913,373
Pre-School Fund				12,000				12,000
Development		Fund	General	25,489			(25,489)
Development		Fund	Malt Hall	5,619				5,619
Disaster Recovery Reserve				140,000				140,000
Development		Fund	Planning		16,151	(16,151)
Development		Fund	- Cafe
Refurb					1,058	(1,058)
Development		Fund-
Wellington	Room refurb				57,930	(57,930)
Development		Fund	- New Pre
School				52,068			(52,068)
Development		Fund	- Lift	132510		41 944		90566
				1 180 127	176071	117083	23 375	1 161,558
Total Unrestricted				1,208,686	459,107	(529,776)	100,000	1,238,017
Restricted
Celebrating	70			222,256	23,223	25,660	100000	171,139
Total I'unds				1,430,942	482,330	504,116		1,409,156
				Balance at I
				September	Incoming	Resources		Balance at 31
				2020	resources	expended	Transfers	August 2021
Unrestricted		funds
General
Unrestricted		general fund		25,619	293,959	(294,846)	3,827	28,559
Designated
Establishment		fund		794,445			17,996	812,441
Pre-School Fund				12,000	109,380	(105,553)	(3,827)	12,000
Development		Fund	General	25,489				25,489
Development		Fund	Malt Hall	5,619				5,619
Disaster Recovery Reserve				140,000				140,000

	Notes	to the Fin	ancial Stateme	nts for the	Year Ended 3	1August 20	22
			Balance at 1
			September	Incoming	Resources		Balance at 31
			2020	resources	expended	Transfers	August 2021 f
Development	Fund	- New Pre
School			52,068				52,068
Development	Fund	- Lift	132,510				132,510
			1,162,131	109,380	105,553)	14,169	1,180,127
Total unrestricted		funds	1,187,750	403,339	(400,399)	17,996	1,208,686
Restricted
Celebrating	70		8669	302400	70,817	17996	222 256
Total funds			1,196,419	705,739	471,216)		1,430,942

					Total funds at31
		Unrestricted	funds	Restricted	August
		General	Designated	funds	2022
Tangible	fixed assets		928,134		928,134
Current	assets	130.883	233,424	171,139	535,446
Current	liabilities	54424			54424
Total net assets		76459	1,161558	171,139	1 409 156
					Total funds at 31
		Unrestricted	funds	Restricted	August
		General	Designated	funds	2021
		f,	f,
Tangible	fixed assets		812,441		812,441
Current	assets	88,749	367,686	222,256	678,691
Current	liabilities	60 190			60 190
Total net assets		28,559	1,180 127	222 256	1 430,942