2022-03-31-accounts - West Wight Sports and Community Centre Trust Ltd

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	2022	2021
	E	6
Net assets	2,281,892	2,166,804
Less:
Fixed assets	1,923,516	1,909,565
Restricted funds	3,966	24,706
Reserves available	354,410	232,533

					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	f	f	f	f
INCOME AND ENDOWMENTS	FROM
Donations and legacies			300,441	35,359	335,800	495,946
Charitable activities
Centre Operations			558,884		558,884	239,840
Other trading activities			78,811		78,811	56,935
Investment income			100		100	173
Total			938,236	35,359	973,595	792,894
EXPENDITURE ON
Raising funds			41,205		41,205	18,465
Charitable activities
Centre Operations			761,497	55,781	817,278	721,593
Other			24		24
Total			802,726	55,781	858,507	740,058
NET INCOME/(EXPENDITURE)			135,510	(20,422)	115,088	52,836
Transfers between funds		21	551	(551)
Net movement in funds			136,061	(20,973)	115,088	52,836
RECONCIUATION OF FUNDS
Total funds brought forward			2,142,098	24,706	2,166,804	2,113,968
TOTAL FUNDS CARRIED FORWARD			2,278,159	3,733	2,281,892	2,166,804

		2022	2021
	Notes	E	E
FIXEDASSETS
Tangible assets	15	1,923,516	1,909,565
CURRENTASSETS
Stocks	16	8,234	7,293
Debtors	17	37,621	26,510
Cash at bank and in hand		353,207	256,997
		399,062	290,800
CREDITORS
Amounts falling due within one year	18	(40,686)	(33,561)
NET CURRENT ASSETS		358,376	257,239
TOTAL ASSETSLESSCURRENT LIABILITIES		2,281,892	2,166,804
NET ASSETS		2,281,892	2,166,804
FUNDS	21
Unrestricted funds		2,278,160	2,142,098
Restricted funds		3,732	24,706
TOTAL FUNDS		2,281,892	2,166,804

				2022	2021
			Notes	E	E
Cash flows from operating	activities
Cash generated from operations				158,366	76,443
Interest paid				(24)
Net cash provided by operating activities				158,342	76,443
Cash flows from investing	activities
Purchase oftangible fixed	assets			(62,132)	(4,667)
Net cash used in investing	activities			(62,132)	(4,667)
Change in cash and cash equivalents		in the
reporting period				96,210	71,776
Cash and cash equivalents	at the beginning of
the reporting period				256,997	185,221
Cash and cash equivalents	at the end	ofthe
reporting period				353,207	256,997

	RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
				2022	2021
				E	E
	Net income forthe reporting		period (as per the Statement of Financial
	activities)			115,088	52,836
	Adjustments for:
	Depreciation charges			48,181	42,821
	Interest paid			24
	(Increase)/decrease	in stocks		(941)	954
	(Increase)/decrease	in debtors		(11,111)	6,154
	Increase/(de«rease)in creditors			7,125	(26,322)
	Net cash provided	by operations		158,366	76,443
2.	ANALYSIS OF CHANGES IN NET FUNDS

	At 1.4.21	Cash flow	At 31.3.22
	E	E	E
Net cash
Cash at bank and in hand	256,997	96,210	353,207
	256,997	96,210	353,207
Total	256,997	96,210	353,207

DONATION	S AND LEGACIES
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		f	E	E	E
Donations		79,611	1	79,612	77,472
Grants		125,182	35,358	160,540	337,794
Sponsored	events	35,073		35,073	20,254
Freshwater	Parish Council donation	40,000		40,000	40,000
Totland Parish Council donation		10,000		10,000	10,000
Yarmouth	Parish Council donation	7,575		7,575	7,426
Shalflect Parish Council donation		3,000		3,000	3,000
		300,441	35,359	335,800	495,946

	2022	2021
	E	6
Wight Aid		7,315
Community Connector	35,358	28,000
State Aid Grant	24,500	26,089
Corona Hub		2,000
CAIW Community Resilience		9,475
National Emergencies Trust		13,200
Connect 4Communities		10,000
Third Sector Lifeline (IWC 5000)		38,467
Clinically Extremely Vulnerable		5,256
National Lottery Covid Response Grant		9,700
Isle ofWight Council DEFRA		3,000
Coronavirus Job Retention Support	47,082	185,292
Community Leisure Recovery Fund Sport England	53,600
	160,540	337,794

OTHER TRADING ACTIVITIES
			2022	2021
	Unrestricted	Restricted	Total	Tota I
	funds	funds	funds	funds
	E	E	E	E
Cafe sales	27,043		27,043	13,848
Retail sales	13,596		13,596	4,251
Leased rentals	18,987		18,987	17,479
Car parking income	10,678		10,678	13,984
Other activities	8,507		8,507	7,373
	78,811		78,811	56,935

							2022	2021
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					E	E	E	E
Investment		interest			100		100	173
INCOME FROM CHARITABLE ACTIVITIES
							2022	2021
				Activity			E	E
Memberships		and	centre fees	Centre Operations			502,137	216,586
Room hire				Centre Operations			56,747	23,254
							558,884	239,840
RAISING FUNDS
Raising donations			and legacies
							2022	2021
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					E	E	E	E
Fund raising		expenses			3,400		3,400	3,117
Other trading activities
							2022	2021
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					E	E	E	E
Purchases					26,530		26,530	12,718
Staff costs					10,829		10,829	2,617
Cafe expenses and			equipment		446		446	13
					37,805		37,805	15,348
Aggregate	amounts				41,205		41,205	18,465

CHARITABLE	AC	TIVITI	ES COSTS
					Grant
					funding of
				Direct	activities
				Costs (see	(see note
				note 8)	9)	Totals
				E	E	E
Centre Operations				810,529	6,749	817,278
DIRECT COSTSOF CHARITABLE ACTIVITIES
					2022	2021
					E	E
Staff costs					505,524	457,394
Other operating		leases			1	1
Rates and water					9,838	9,767
Insurance					22,757	15,620
Light and heat					55,467	50,390
Telephone					2,662	2,988
Postage and stationery					2,685	2,163
Advertising					370	991
Sundries					3,994	6,769
Chlorine and acid					7,773	3,497
Covid Support	Costs				531	12,167
Centre activities					26,833	44,183
Training					7,078	600
Cleaning and waste disposal					7,775	4,311
Repairs and renewals					36,491	28,035
Irrecoverable	VAT				40,132	18,415
Subscriptions					12,063	7,418
Bank charges	and interest				4,603	2,015
Accountancy					5,982	6,378
Legal and professional			fees		9,466	4,270
Bad debts					323
Depreciation					48,181	42,821
					810,529	720,193

					2022	2021
					E	E
Centre Operations					6,749	1,400
The total grants	paid to	institutions		during the year was as follows:
					2022	2021
					E	E
Our Place					6,749
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is	stated	after charging/(crediting):
					2022	2021
					E	E
Depreciation -owned assets					48,181	42,821
Other operating	leases				1	1
TRUSTEES' REMUNERATION			AND	BENEFITS

STAFF COS	TS
				2022	2021
				E	E
Wages and	salaries			498,828	440,119
Social security costs				17,525	19,892
				516,353	460,011
)he average monthly		number of employees	during the year was as follows:
				2022	2021
Charitable	activities			46	57

			Unrestricted	Restricted	Total
			funds	funds	funds
			f	E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies			394,208	101,738	495,946
Charitable activities
Centre Operations			239,840		239,840
Other trading activities			56,935		56,935
Investment income			173		173
Total			691,156	101,738	792,894
EXPENDITURE ON
Raising funds			18,465		18,465
Charitable activities
Centre Operations			623,345	98,248	721,593
Total			641,810	98,248	740,058
NET INCOME			49,346	3,490	52,836
Transfers between	funds		4,464	(4,464)
Net movement in funds			53,810	(974)	52,836
RECONCILIATION OF FUNDS
Total funds brought	forward		2,088,288	25,680	2,113,968
TOTAL FUNDS CARRIED FORWARD			2,142,098	24,706	2,166,804

TANGIBLE FIXEDASSE	TS
		Improvements
	Long	to	Plant and
	leasehold f	property f	machinery f	Totals f
COST
At 1April 2021	2,481,435	116,950	579,234	3,177,619
Additions			62,132	62,132
Disposals			(40,000)	(40,000)
At 31March 2022	2,481,435	116,950	601,366	3,199,751
DEPRECIATION
At 1April 2021	808,673	2,248	457,133	1,268,054
Charge for year	16,399	1,124	30,658	48,181
Eliminated on disposal			(40,000)	(40,000)
At 31March 2022	825,072	3,372	447,791	1,276,235
NET BOOK VALUE
At 31March 2022	1,656,363	113,578	153,575	1,923,516
At 31March 2021	1,672,762	114,702	122,101	1,909,565
STOCKS
			2022	2021
			E	f
Stocks			8,234	7,293
DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2022	2021
			f	f
Trade debtors			9,564	5,740
Other debtors			5,775	8,722
VAT				699
Prepayments			22,282	11,349
			37,621	26,510

						2022	2021
						f	f
Trade creditors						11,245	6,045
Social security and other taxes						5,820	5,912
VAT						679
Other creditors						1,269
Deferred	income					14,393	12,941
Accrued	expenses					7,280	8,663
						40,686	33,561
LEASING	AGREEMENTS
Minimum	lease payments	under non-cancellable	operating	leases fall due as follows:
						2022	2021
						f	f
Within one year						1	1
Between	one and five years					4	4
In more	than five years					96	97
						101	102
ANALYSIS OF NET ASSETS BETWEEN FUNDS
						2022	2021
			Unrestricted		Restricted	Total	Total
			funds		funds	funds	funds
				f	f	f	f
Fixed assets			1,923,516			1,923,516	1,909,565
Current	assets		395,330		3,732	399,062	290,800
Current	liabilities		(40,686)			(40,686)	(33,561)
			2,278,160		3,732	2,281,892	2,166,804

MOVEMENT IN FUN	DS
			Net	Transfers
			movement	between	At
		At 1.4.21	in funds	funds	31.3.22
		6	6	E	6
Unrestricted funds
General fund		93,532	183,692	(72,581)	204,643
Fixed asset fund		1,909,566	(48,181)	62,132	1,923,517
Contingency fund		139,000		11,000	150,000
		2,142,098	135,511	551	2,278,160
Restricted funds
Defibrillator		234		(234)
Southern Housing Group		9,404	(9,404)
Community Connector		4,710	(3,739)		971
Kick Out The Calories		2,761			2,761
Connect4 Communities		5997	(5,680)	(317)
Isle ofWight Council	DEFRA	1,600	(1,600)
		24,706	(20,423)	(551)	3,732
TOTAL FUNDS		2,166,804	115,088		2,281,892
Net movement in funds, included		in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			E	6	E
Unrestricted funds
General fund			938,236	(754,544)	183,692
Fixed asset fund				(48,181)	(48,181)
			938,236	(802,725)	135,511
Restricted funds
Southern Housing Group				(9,404)	(9,404)
Community Connector			35,359	(39,098)	(3,739)
Connect4 Communities				(5,680)	(5,680)
Isle ofWight Council	DEFRA			(1,600)	(1,600)
			35,359	(55,782)	(20,423)
TOTAL FUNDS			973,595	(858,507)	115,088

			Net	Transfers
			movement	between	At
		At 1.4.20	in funds	funds	31.3.21
		E	E	6	E
Unrestricted	funds
General fund		1,569	92,166	(203)	93,532
Fixed asset fund		1,947,719	(42,820)	4,667	1,909,566
Contingency	fund	139,000			139,000
		2,088,288	49,346	4,464	2,142,098
Restricted funds
Wight Aid			2,190	(2,190)
Defibrillator		234			234
Southern Housing Group		10,574	(1,170)		9,404
Community	Connector	12,111	(7,401)		4,710
Kick Out The Calories		2,761			2,761
Connect4 Communities			7,984	(1,987)	5,997
Third Sector	Lifeline (IWC 5000)		287	(287)
Isle ofWight	Council DEFRA		1,600		1,600
		25,680	3,490	(4,464)	24,706
TOTALFUNDS		2,113,968	52,836		2,166,804

			Incoming	Resources	Movement
			resources	expended	in funds
			E	E	E
Unrestricted funds
General fund			691,155	(598,989)	92,166
Fixed asset fund			1	(42,821)	(42,820)
			691,156	(641,810)	49,346
Restricted funds
Wight Aid			7,315	(5,125)	2,190
Southern Housing	Group		1	(1,171)	(1,170)
Community Connector			28,000	(35,401)	(7,401)
Connect4 Communities			10,000	(2,016)	7,984
Third Sector Lifeline		(IWC 5000)	38,466	(38,179)	287
National Lottery Covid Response Grant			9,700	(9,700)
Isle ofWight Council		DEFRA	3,000	(1,400)	1,600
Clincally Extremely	Vulnerable		5,256	(5,256)
			101,738	(98,248)	3,490
TOTAL FUNDS			792,894	(740,058)	52,836
Unrestricted Funds

				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		6	E	6	E
INCOME AND ENDOWMENTS
Donations and legacies
Donations		79,611	1	79,612	77,472
Grants		125,182	35,358	160,540	337,794
Sponsored events		35,073		35,073	20,254
Freshwater Parish	Council donation	40,000		40,000	40,000
Totland Parish Council donation		10,000		10,000	10,000
Yarmouth Parish	Council donation	7,575		7,575	7,426
Shalfleet Pansh Council donation		3,000		3,000	3,000
		300,441	35,359	335,800	495,946
Other trading activities
Cafe sales		27,043		27,043	13,848
Retail sales		13,596		13,596	4,251
Leased rentals		18,987		18,987	17,479
Car parking income		10,678		10,678	13,984
Other activities		8,507		8,507	7,373
		78,811		78,811	56,935
Investment income
Investment interest		100		100	173
Charitable activities
Memberships and	centre fees	502,137		502,137	216,586
Room hire		56,747		56,747	23,254
		558,884		558,884	239,840
Total incoming resources		938,236	35,359	973,595	792,894
EXPENDITURE
Raising donations	and legacies
Fund raising expenses		3,400		3,400	3,117
Other trading activities
Purchases		26,530		26,530	12,718
Carried forward		26,530		26,530	12,718

				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		E	E	E	E
Other trading activities
Brought forward		26,530		26,530	12,718
Wages		10,829		10,829	2,617
Cafe expenses and equipment		446		446	13
		37,805		37,805	15,348
Charitable activities
Wages		440,410	47,589	487,999	437,502
Social security		17,525		17,525	19,892
Other operating leases		1		1	1
Rates and water		9,838		9,838	9,767
Insurance		21,963	794	22,757	15,620
Light and heat		55,467		55,467	50,390
Telephone		2,662		2,662	2,988
Postage and stationery		2,685		2,685	2,163
Advertising		370		370	991
Sundries		3,875	119	3,994	6,769
Chlorine and acid		7,773		7,773	3,497
Covid Support Costs			531	531	12,167
Centre activities		26,833		26,833	44,183
Training		7,078		7,078	600
Cleaning and waste disposal		7,775		7,775	4,311
Repairs and renewals		36,491		36,491	28,035
Irrecoverable VAT		40,132		40,132	18,415
Subscriptions		12,063		12,063	7,418
Bank charges and interest		4,603		4,603	2,015
Accountancy		5,982		5,982	6,378
Legal and professional	fees	9,466		9,466	4,270
Bad debts		323		323
Depreciation oftangible fixed assets		48,181		48,181	42,821
Grants to institutions			6,749	6,749
Grants to individuals					1,400
		761,496	55,782	817,278	721,593
Other
HMRC interest payable		24		24
Total resources expended		802,725	55,782	858,507	740,058
Net income		135,511	(20,423)	115,088	52,836