| Page | |||
|---|---|---|---|
| Trustee's annual report |
|||
| Independent examiners |
report to the trustee | ||
| Statement offinancial | activities | ||
| Balance sheet | |||
| Notes to the financial statements |
| Registered | charity | name | Haverhill | Community | Trust | |
|---|---|---|---|---|---|---|
| Charity registration | number | 288092 | ||||
| Principal offfce | Haverhill | Town Hell | ||||
| High Street | ||||||
| Havsrhill | ||||||
| Suffolk | ||||||
| CB9BAR | ||||||
| The trustee | ||||||
| The trustees | who served during the year and | at the date of approval | were as follows: | |||
| Haverhill | Town Council | |||||
| Clerk to the | trustee | C Pools | ||||
| Bankers | Lloyds Bank pic | |||||
| 8 High Street | ||||||
| Haverhill | ||||||
| Suffolk | ||||||
| CB9BAR | ||||||
| Independent | examiner | L Thurston FCCA |
||||
| Lovewell | Blake LLP | |||||
| Chartered | accountants | |||||
| First Floor Suite | ||||||
| 2 Hillside | Business Park | |||||
| Bury St Edmunds | ||||||
| IP32 7EA |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||
| funds | funds | funds | Total funds | Total funds | ||
| Note | f | f. | E | 6 | E | |
| Income and endowments | ||||||
| Donations, grants and |
||||||
| legacies | 4 | 71,400 | 65,154 | 136,554 | 93,018 | |
| Charitable activities |
5 | 1,161 | 19,596 | 20,757 | 3,357 | |
| Other trading activities |
6 | 38,565 | 38,565 | 23,437 | ||
| Total Income | 111,126 | 84,750 | 195,876 | 119,812 | ||
| Expenditure | ||||||
| Charitable activities |
7 | 80,022 | 109,106 | 189,128 | 142,220 | |
| Total expenditure | 80,022 | 109,106 | 189,128 | 142,220 | ||
| Net income/(expenditure) | ||||||
| before transfer offunds | 31,104 | (24,356) | 6,748 | (22,408) | ||
| Transfers between funds |
(24,227) | 24,227 | ||||
| Net movement in funds |
6,877 | (129) | 6,748 | (22,408) | ||
| Reconciliation offunds |
||||||
| Total funds brought forward |
14,746 | 64,618 | 358,500 | 437,864 | 460,272 | |
| Total funds carried forward | 21,623 | 64,489 | 358,500 | 444,612 | 437,864 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | f | E | |||||
| Fixed assets | |||||||
| Tangible fixed assets | 10 | 370,664 | 372,402 | ||||
| Investments | 11 | 2 | |||||
| 370,664 | 372,404 | ||||||
| Current assets | |||||||
| Debtors | 13 | 18,679 | 19,952 | ||||
| Cash at bank and | In | hand | 66,550 | 52,010 | |||
| 85,229 | 71,962 | ||||||
| Creditors: Amounts | falling due within | ||||||
| one year | 14 | (11,281) | (6,502) | ||||
| Net current assets | 73,948 | 65,460 | |||||
| Total assets less | current gabgltles | 444,612 | 437,864 | ||||
| Net assets | 444,612 | 437,864 | |||||
| Funds ofthe charity | |||||||
| Endowment funds |
358,500 | 358,500 | |||||
| Restricted funds | 64,489 | 64,618 | |||||
| Unrestricted funds |
21,623 | 14,746 | |||||
| Total charity funds | 15 | 444,612 | 437,864 |
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2022 | ||
| f | 8 | |||
| Grants | ||||
| Heverhill Town Council |
71,000 | 71,000 | ||
| Community Action Suffolk |
6,500 | 6,500 | ||
| West Suffolk County | Council | 400 | 50,583 | 50,983 |
| Suffolk County Council | 1,000 | 1,000 | ||
| Covid Response | ||||
| Other grants received | below F5,000 | 7,071 | 7,071 | |
| 71,400 | 65,154 | 136,554 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| f | 6 | f | ||
| Grants | ||||
| Haverhill Town Council |
22,095 | 22,095 | ||
| Community Action Suffolk |
3,628 | 3,628 | ||
| West Suffolk County | Council | 2,553 | 45,682 | 48,235 |
| Suffolk County Council | 8,000 | 8,000 | ||
| Covid Response | 6,540 | 6,540 | ||
| Other grants received | below f5,000 | 4,520 | 4,520 | |
| 2,553 | 90,465 | 93,018 |
| 6. | Charitable | ac | tivities | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||
| Funds f |
Funds f |
2022 | |||||
| Letting Community |
group income | 1,161 | 9,536 60 |
10,697 60 |
|||
| Volunteer | centre income | 10,000 | 10,000 | ||||
| Other income | |||||||
| 1,161 | 19,596 | 20,757 | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2021 | |||||
| f | f | f | |||||
| Letting | 2,907 | 2,907 | |||||
| Community | group income | 150 | 150 | ||||
| Volunteer | centre income | ||||||
| Other income | 300 | ||||||
| 3,207 | 150 | 3,357 | |||||
| B. | Other trading | activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2021 | ||||
| f | f | ||||||
| Rent and | booking fees income | 38,565 | 38,565 | 23,437 | 23,437 |
| 7. | Expenditure | on charit | ab | le actlvrdes |
||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restdcted | Total | Funds | |||||
| Funds | Funds | 2022 | ||||||
| f | 8 | |||||||
| Maintenance | of buildings | 24,245 | 9,288 | 33,533 | ||||
| Other premises costs | 48,076 | 64,369 | 112,445 | |||||
| Community | group expenditure | 14,474 | 14,474 | |||||
| Community | kitchen | 12,871 | 12,871 | |||||
| Haverhill in |
bloom | 6,171 | 6,171 | |||||
| Support costs | 7,701 | 1,933 | 9,634 | |||||
| 80,022 | 109,106 | 189,128 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| f | f | |||||||
| Maintenance | of buildings | 27,747 | 9,059 | 36,806 | ||||
| Other premises costs | 22,937 | 49,948 | 72,885 | |||||
| Community | group expenditure | 690 | 690 | |||||
| Community | kitchen | 15,738 | 15,738 | |||||
| Haverhlll In |
bloom | 1,135 | 6,080 | 7,215 | ||||
| Support costs | 7,772 | 1,114 | 8,886 | |||||
| 59,591 | 82,629 | 142,220 | ||||||
| Analysis of | Support costs | |||||||
| 2022 | 2021f | |||||||
| Insurance | 3,858 | 5,302 | ||||||
| Bank charges | 198 | 200 | ||||||
| Other costs | 1,034 | 31 | ||||||
| Independent | examination | fee | 1,620 | 1,615 | ||||
| Legal and professional | fees | 1,186 | ||||||
| Depreciation | 1,738 | 1,738 | ||||||
| 9,634 | 8,886 | |||||||
| 8. | Net income/(expenditure) | |||||||
| Net income/(expenditure) | is stated afier charging/(crediting): | |||||||
| 2022 | 2021 | |||||||
| E | f | |||||||
| Depreciation | of tangible | fixed assets | 1,738 | 1,738 | ||||
| 9. | Staffcosts |
| Tangible fixed assets | |||
|---|---|---|---|
| Freehold | Fixtures and | ||
| property | fittings | Total | |
| 8 | 8 | 8 | |
| Cost | |||
| At 1 April 2021 and 31 March 2022 | 358,500 | 17,378 | 375,878 |
| Depreciation | |||
| At 1 April 2021 | 3,476 | 3,476 | |
| Charge for the year | 1,738 | 1,738 | |
| At 31 March 2022 | 5,214 | 5,214 | |
| Carrying amount |
|||
| At 31 March 2022 | 358,500 | 12,164 | 370,664 |
| At 31 March 2021 | 358,500 | 13,902 | 372,402 |
| Investments | ||
|---|---|---|
| Shares | In | |
| gl'oup | ||
| undertakingsf | ||
| Cost or valuation | ||
| At 1 April 2021 | ||
| Additions | ||
| Disposals | l2) | |
| At 31 March 2022 | ||
| Impairment | ||
| At 1 April 2021 and 31 March 2022 | ||
| Carrying amount |
||
| At 31 March 2022 | ||
| At 31 March 2021 |
| 13. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Trade debtors | 2,858 | 590 | ||||
| Prepayments | and accrued | income | 1,618 | 3,798 | ||
| Amounts owed by Haverhill |
Town Council | 10,058 | 12,664 | |||
| Other debtors | 4,145 | 2,900 | ||||
| 18,679 | 19,952 | |||||
| 14. | Creditors: Amounts | fatling due within one year | ||||
| 2022 | 2021 | |||||
| 8 | ||||||
| Trade creditors | 4,227 | 175 | ||||
| Accruals and | deferred | Income | 7,054 | 6,069 | ||
| Sodal security | and other taxes | 258 | ||||
| 11,281 | 6,502 |
| 15. | Analysis ofcharitable | Analysis ofcharitable | Analysis ofcharitable | Analysis ofcharitable | funds | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Endowment | funds | |||||||||
| At 1 April | At 31 March | |||||||||
| 2021f | Income 6 |
Expendituref | Transfersf | 2022f | ||||||
| Arts centre | 358,500 | 358,500 | ||||||||
| At 1 April | At 31 March | |||||||||
| 2020 f |
Incomef | Expendituref | Transfers f. |
2021f | ||||||
| Arts centre | 358,500 | 358,500 | ||||||||
| Restricted | funds | |||||||||
| At 1 April | At 31 March | |||||||||
| 2021 6 |
Incomef | Expendituref | Transfersf | 2022f | ||||||
| Leiston centre | 8,000 | 9,539 | (11,092) | 6,447 | ||||||
| Arts Centre | 5,983 | 5,983 | ||||||||
| Tenific tuesday | dementia | |||||||||
| gl'oup | 4,000 | (352) | 3,648 | |||||||
| Men's group | 400 | 60 | (40) | 420 | ||||||
| Social prescribing | 700 | 700 | ||||||||
| Community | group youth | |||||||||
| project | 9,791 | 6,900 | (14,474) | 16,448 | 18,665 | |||||
| Kitchen project | 32,489 | (12,871) | 19,618 | |||||||
| The Zone | 311 | 48,112 | (40,229) | (1,997) | 6,197 | |||||
| Haverhill volunteer |
centre | 7,709 | 12,375 | (24,269) | 4,185 | |||||
| Haverhill in |
bktom | 1,218 | 7,764 | (6,171) | 2,811 | |||||
| 64,618 | 84,750 | (109,106) | 24,227 | 64,489 | ||||||
| At 1 April | At 31 March | |||||||||
| 2020 6 |
Incomef | Expendituref | Transfers | 2021 | ||||||
| Leiston centre | 16,895 | 1,334 | (10,229) | 8,000 | ||||||
| Terrific tuesday | dementia | |||||||||
| gl OUP | 4,000 | 4,000 | ||||||||
| Men's group | 400 | 400 | ||||||||
| Social prescribing | 700 | 700 | ||||||||
| Community | group youth | |||||||||
| project | 9,641 | 150 | 9,791 | |||||||
| Kitchen project | 23,059 | 25,168 | (15,738) | 32,489 | ||||||
| The zone | 24,720 | (24,409) | 311 | |||||||
| Haverhlll volunteer |
centre | 34,148 | (26,439) | 7,709 | ||||||
| Haverhill in |
bloom | 1,937 | 5,095 | (5,814) | 1,218 | |||||
| 56,632 | 90,615 | (82,629) | 64,618 |
| Unrestri | cte | d funds |
||||||
|---|---|---|---|---|---|---|---|---|
| At 1 Apdl | At | 31 March | ||||||
| 2021 | Income | Expenditure | Transfers | 2022 | ||||
| 8 | 8 | 8 | 8 | 8 | ||||
| General | funds | 14,746 | 111,126 | (80,022) | (29,982) | 15,868 | ||
| Designated | funds- | |||||||
| Property | and repairs | |||||||
| reserves | 5,755 | 5,755 | ||||||
| 14,746 | 111,126 | (80,022) | (24,227) | 21,623 | ||||
| At 1 April | At | 31 March | ||||||
| 2020 | Income | Expenditure | Transfers | 2021 | ||||
| 8 | 8 | 8 | ||||||
| General | funds | 28,952 | 29,197 | (31,844) | (11,559) | 14,746 | ||
| Designated | funds- | |||||||
| Property | and repairs | |||||||
| reserves | 16,188 | (27,747) | 11,559 | |||||
| 45,140 | 29,197 | (59,591) | 14,746 |
| As at 31 March 2022 | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | |
| Fundsf | Fundsf | Funds | 2022 8 |
|
| Tangible fixed assets | 12,164 | 358,500 | 370,664 | |
| Net current assets | 9,459 | 73,948 | ||
| Net assets | 21,623 | 358,500 | 444,612 | |
| As at 31 March 2021 | ||||
| Unrestricted | Restricted | Endowment | Total Funds | |
| Fundsf | Fundsf | Funds 8 |
2021f | |
| Tangible fixed assets | 13,904 | 358,500 | 372,404 | |
| Net current assets | 842 | 64,618 | 65,460 | |
| Net assets | 14,746 | 64,618 | 358,500 | 437,864 |
| Yea | r ended 31 INarch 20 | 22 | ||
|---|---|---|---|---|
| 17. | Financial Instruments | |||
| 2022 | 2021 | |||
| The carrying amount of financial |
||||
| instruments at 31 March 2022 were: |
||||
| Financial assets measured | at fair value: | |||
| Freehold property |
358,500 | |||
| Investments | 2 | |||
| 358,502 |
| The follo | wing I |
s a summ | ary | of | transactions with these enti |
ties. | |
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| 8 | |||||||
| Amounts | received: | ||||||
| Haverhill | Town | Council | 84,502 | 50,964 | |||
| Hartseats | Limited | 2,900 | |||||
| 87,402 | 50,964 | ||||||
| Amounts | expensed; | ||||||
| HaverhillTown | Coundl | 95,546 | 76,827 | ||||
| Included | within | debtors | at | year | end: | ||
| Haverhill | Town | Council | 10,058 | 12,664 | |||
| Hartseats | Limited | 2,900 | |||||
| 10,058 | 15,564 |