NORTH WAVJHAM COMMUNITY AS80CIArnN ANNUAL REPORT YEAR ENOED 31 MARCH 2022 REGISTEREO CHARITY NUMBER: J04022
NORTH WALSHAM COMMUNITY ASSOCIATK)N INDEX TO ACCOLINTS Page Legal and administrative infcthation Report of the Tnjstees Report of th6 Independent Examiners Cons)lidal8d statement of ffinancial ath"vities Consolidated b81ance sheet Notes lo the acc4)unts 8-14 Management infomiation 15
NORTH WALSHAM COMMUNITY A8SOCIATK)N Legal and Admlnlstratlvo Inforniatlon The assooation is registered wth the Chanty Commioon {registralion number 3040221. 11 is managed by an exeC"ve committ68 of Irust88s who are eled&J by the memters of the asKoatlon. Addross of Charlty North Walsham Communty Centre New Road North Walsham Norfolk NR28 9DE Trust* and momrn of th• ExKutlv• Commltto0 who held offlc• durlng the y••r. Chaimian MrCAJeary Mrs A Hudson Memberg Mr R Oakley Mrs E Taylor Mr C Titmuss Mr M lfjrby
NORTH WALSHAM COMPAUNITY ASSOCIATION Legal and admIstratIve d•tall8 n11ned bn Bartters HS8C 18 London Street Nowch Nortolk NR2 1LG Soll¢lt¢rn Hansells Canada House 4 Gfammar Sthts)l Rt)8d North Walsh8m Nortolk NR28 9JH Ind•p•ndont Examlrnr MrAH8rt H & M Atxountancy Soluts'ons 49 Cromer Road North Walsham Norfolk NR28 OHB Appointal 1* April 2022
NORTH WALSHAM CCWMVNITY ASSOCIATION REPORT OF THE TRUSTEES AND EXECUTIVE COMMirrEE FINANCIAL YEAR E14DED 31 MARCH 2022 The tru8tees, who are also mambers of tho exe¢Jrtive committee Imanagir#J body), submit their annual report and finanaal statements for the year ended 31 Marth 2022. Govwnlng document Th• (trity is govemed by 8 ojnthtution datsd 5 July 1971 amended 7 Juty 1998. Con8olld•tlon of Ilnan¢lal ¥tatements The finanaal statements of the asswation for the year 1 April 2021 to 31 March 2022 havo prepared in accordan wth the aCUnting poliaas sat out nolgs to financial statemerrts and. comply wth the charity'$ goveming document, the Charits8s Ad 2011 and AcL))unts"ng and Reporb"ng by Chariti88.' Statement of Reojmmended Praclice applicable lo charities preparing their 8ccount8 in accordano with Finanaal Reports'ng Standard applica6 in the UK and Republic of Irdand IFRS102I leffgctivg 1 January 20151. cC80.daIed financial statements are required to tr1p provide 4 tru• and fair overall view of the affairs and actsvrties of the assc(aation ils subsdiary 0)MpY. North Walsham Ccmmunity ¢tre Limited. Thè directors of th8 subsidiary o)mpany are assation nominees and the ctsnpany d¢fiales the nel profits arisiThJ from its trading a¢viti&s lo the aSation. ObJo¢tlvo5 of the assoclatlon The as8OatiOn owns, maintains and man•J6s for public benefit, the Norlh Walsham Communty Centre lo provide meeting faalities lo the local community for a wde range of edueAts'on, social welf8Tr, recTeation and leisure activib'es. The fac41itles fange from a large theat lo small meeting rooms and indud8 tsvo fully equipFed kltchens and tsvo bars. Achlevements and perfomianco North Walsham Ccvnmunity Centre followed its planned agreement with the NHS as a vanatIOn C8nlre until August I September 2021. Wth minimal work required to done the fvdough stheme vered a pgrcenlage of the wages vthith gre8Uy helped with the wage bill. Follow'ng th& decommissioning of the varrination c8nlre, the Trustees deaded il would be an ideal bme to decorats the main hall and also update the jubil86 room with LED lighting panels and SUSpded ciling which )uld all be carried out prior to reopenlng lo hirers. The ¢¢nlr¢ reopened in November 202110 downlum in regular hirers who had booked with us pre covid19. Hirings remained steady for the rèsl of the year wth several new hirers makn"rKJ blo¢ booknng$. Dug to the lack of regular bars the bar have been uslrKJ b)tlle beers instèad of K89$ to save on wastag8. Hnanclal rnvlew The Conx)lidated Statement of Financial Adimties for the year is set out on page 6. The total incoming resources amounted lo £87,23512021 £69,099) and, aftgr dedu('ng the lolal resources gxpended of £78,5C612021 £52,764), there were net incoming r8sourc4s of £8,72912021 £16,335). At £8,729, the net result for the year ended 31 March 2022 is down by £7,608. The n9t in(J)mirvJ r880urcw hav8 baen 8dd8d lo tho consolidat8d funds to leave a balan at 31 Marth 2022 of Q72,74212021 £264,013), which the Committee bglieve to be a satisfactory st8t8 of affairs. Reser¥es pollcy It is the policy of the c41arity to maintain unrestri¢t•d ros•rves to Ver exper¥Jiture lor a perlod of 12 months. Rlsk m•nag•m•nl The charity monitors its risk on an ongoing b8&8 and has ensur¢d that both poliaes and fimdirq to mitigate those risks will be met during Ihe finclaI year 2022r23.
NORTH WALSHAM COMMUNITY ASSOCIATION R¢wt of th• trust% and exac1¥• commltt•e C¢ntinld Intemal risks aro minimised ty the implementstlon of authorfsalton and th8¢ing pro¢8dur•s o)voring all transath'ons undertaken and monitonng procedures to ensure &Stent and qualty delivery of the services provid8fJ by the ¢entre. The tru&ees regulaty remew these procedures to ensur¢ that they meet the needs ofthg thanty. Publlc b•n•fft •tatem•nl The Trustees confimi that they have complied with the duty in ¥ection 17 of the Charilies AIA 201110 have due regard to public benefit guidanee published by the COMMIOn. Flxod 4u0ts Details of fixed assets are as set txrt in noto 710 th? ac&>ts. Gov•rn•nce Ind lrtwn•l ¢ontrol Charity law requires the trustees lo prepare finanal statements for eath financial y•ar1th give a Inje and fair view of the stale of affairs of the tharlty 8nd of the sWu$ or defiot of tho Charity for that year. In prepaTing those finanaal stalements, the trustees have.. sèl8cl8d SUitae a(xounting poliaes and then awled them consistenuy,. observe the methods and princapleg in the ap1¢able Charities SORP,. made judgements and estimates that are reasonable and prudenL stalèd whdher applicat0 ac£ounting standards have been followed, blect to ary m8rtal d8partures disdosed and eyplained in the finanoal statem8nls.' and prepared the financA81 Stalements on the goiro o)rM bs. Tha tfUStee$ hav• obprall reSponbIlIty for en$ung thal the tharfty has approFJfjate sYstS of eonlrols, finanaal and otherwise. They are also responslble lor keeping prop•r a¢¢ounts'ng r•cords whith disdose wlh reasonable acoJra¢4 81 any bme thè financ401 pgstion of the chanty and enable them to enyjre that the fin8ne4al statsments compty with the Charitses Act 2011. Thèy are also responble for safeguarding the assets of the charity and henc for taklThJ reasonable stsps for thè prevèntion and deteOn of fraud and other irregul8nties. Trustees th) servod during the year and up to the date of tFw8 report arB set ¢Jrt on page 1. The Trustses have deca rnang reSpsibIlIty and meet regulady. The Trustees are ele¢Xed by the members of the genèral crynmittèe al the Annual G8neral Mooling. Additionally, the Truees may CO0p1 further individuals as TNstees. lch also havg to be approved by the members of the general committee. Ind•p•ndwbt oxamlner A proposal regarding the appointment Mr A Hart of H & M Ac4))untancy su.0nS as In(ervJent Examiner will be made al the forthcoming Annual General Meelir¥J. 16 2021 Thisreportwasapproved bytho tfusteeson....................................... Mr C Jeary CHAIRMAN
NORTh WALSHAM COMMUNITY ASSOCIATION INOEPENDENT EXAMINER'S REPORT TO THE TRUSTEE8 AND EXECUTive COAIMITTEE I report lo the tharity twstees on my examination of the aco)unls of the tharity forlh& y&ar entjed 31 Marth 2022 whith are sel out pages 6 10 14. R•spon•lbllllle• and ba•1• of rnport As the tharity'$ trustees you are responsible for the preparation of the accounts in a)rdan wlth the requirements of the Chaniies Art 2011 1.the Adl. I report in resped of my examination of the charity's accounts carried out under se(ion 145 of Ad and in earying out my examinaticfi I have followed all the applicable Direclions given by the Charity Commission under se(on 145151{bl of Ihe A(. Ind•p•ndonl examlnef statoment I have ctsnplet¢d my examination. I confiNn Ihal no material matters have c#)me to my attentlon In ¢onnoction with th8 examination giving me c4use to believe that in ary malarial resped.. acwunting reo)rd$ were not kopt in ro8P8Ct of the charity as required by secon 130 of the Ad. or 2. the accounts do not accord wth those records". or 3. tho accounts do not comply the appllcable requlrements cx)nc8ming th6 fom 8rtsJ o)nlent of accounts s81 out in the Charities {AccountS and Reports) Regulations 2¢)J8 other than any requirement that the accounts giv6 0 'lru• and fair viovl which 18 not a matter consdered as part of an independènt examination. I have r¥) a)ncems and have come auoss rK) olher matters in conneclion with tho eyaminalicffi to ith attenb'on should be dra in Ihis report in order to anable a wopor WKlerstan(ng of the ao))unts to be reath&J. MrAHart H & M AC(XnIancY Solutions 49 CrcTher Road North Walsham Norfolk NR28 OHB
NORTH WALSHAM COMMUNITY A%80CIATION CONSOUDATED STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 MARCH 2022 Totsl 2022 Total 2021 Incomlng Mourc6• Actlvftlel to furth•r th• CharW8 objects: Hlre charg&s Contributton lo Ilght & heat Sub8c¥iplions Govemment grants other grant inLX)me Olher Actlvltl¢s for gonorallng fund•: FUndraing Interest received Trading SUbdIary income Quasi subsidiary income Total Incomlng I•Ure•S $3,369 957 53,369 957 28,190 351 117 39,857 18,239 18,239 1.143 1,143 279 305 12,343 1,184 12,343 1,184 87,236 87.236 69.099 Cost of aGtlvltl•s In fiJrth•ranc• 01 tho Charltlos objects: Wages and salaries Premises costs General c*arity expgndilure Costs of genorltlng funds: Trading subgdiary expenditure Wag8S Other eosts Govgrnance costs: Profes&¢Jnal fg9S Photoo)pi6s & postage 27,324 33,876 1,572 27,324 33,876 1,572 22,785 21,545 6,503 4.071 1.667 1,637 4,071 5.160 5,160 2,2 T(rtal rnsourc•s •xporKl•d 78,608 78,506 61764 Not IncomlThJ re81)urc8• 8,729 729 14335 Fund balancés brougm forward 1 April 2021 264,013 264,013 247,678 272,742 272,742 264,013 Transfers Fund balanc8s carried foThvard 31 March 2022 272,742 272,742 264,013 Thè notes sèt oul on pages 8 to 14 forn intsgral part of these a0Unts
NORTH WALSHAM COMMUNITY ASSOCIATION CON80UDATED BALANCE SHEET 31 MARCH 2022 Corndldatod 2022 2021 A•wclatl¢Jn 2022 2021 Nots• Flx•d a•8et• Tangible assets Investments 135,837 140.003 135,837 140,CK)3 135.837 140,Ch)3 135,841 140,C4J7 Cmnt asmts SIoL* Debtors Premium 8orttJ Nab"onal Savings Investmant Account National SavirKJs Income Bonds Bank and Bud(Mng Soaety balances Cash in hand 1.957 11,472 768 3,261 50 23,193 10 15.011 5.293 50 23,193 23,195 23,195 16,QJO 16,IX)O 83,520 16,¢X¥J 77,818 16,CO) 73,722 1,693 878 129 141.175 127.688 132,203 118,404 Credltorn: Amounts tslllng d 4thln onfr yo•r 11 4.270 3.658 4,258 3,603 Net Currnrt 48•8ts 136,5 124,010 127.945 114,801 T¢Aal n8t as•et• 272,742 264.013 263.786 2H808 Fund• Unrestracled fvndg: General funds R$slricted funds Des'gnaled funds 12 13 13 185.569 176,591 182, 173,591 87,173 87,422 81,217 81,217 272,742 264,013 263,786 204808 Theseaco)untswere approv•Obytho Exoartivocommitteeon.. ...................................... For and on beha of Ihe EXelIve Committee Chaim)an.' The notes set out on pages 8 to 14 fomi an integral part of these accounts
NORTH WALSHAM COMMUNITY A&80CIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 1. Accountlng pollGI Ba•li of prnparatlon The a¢)Unts have been prepaf¢d under the historical st (xnventlon with items recaignised at st or transacts'on value unsS otherwse stated in the rel&vant notes lo these arxounts. The financial statements have boen prepared in accordance wth Actounting and Reporb'ng by Charities.. Statement of Recommended Pr8Ctica applicable lo chanties preparing Iheir aCUnIS in accord8nc£ with the Financial Reportin9 Standard applicable in the UK and R8publi¢ of Ireland issued in October 2019. the Finanaal Reporting Standard appli¢abl• in Ihg United TrQngdom and Republic of Ireland IFRS 1021 and the Charities Aca 2011. The finanrial statements consolidate as a group undertaking the accounts of North Walsham Community Centr8 Limbled, the shares of are held for the benefit of the Assoaation, and the aixounts ol the Friends of Nortr¢ Walsham Communty Assouation leh is deemed lo be a quasi-subsidiary. Tho charity constitutes a public ben8fft entty as dn¢ by FRS 12. Incomlng re8ourco¥ Income from operating adivities in furtheranc£ of thè ¢8rity'5 objecAs is induded in th8 period in the thartty is entllled to rlpt. (c) Grnhs and don•tlon• Grants and donaticns, induding grants for the purth8se of frxsd assets. are reQniSed in in the Statement of Fin8ndal Actiwties in the year they ar8 recgivable. Glfts In klnd Non mnelary assets gifted lo thg company for a speafic projecl ar¢ eapitslised, placed into restriLed fund and Itten off over thdr estlmated useful lives. Voluntsry hdp There is 8 signifieant level of SUPFQrt received by way of voluntsry help. Thls unpsid assistance is not quantifiable and does rsot app8ar on the Slalement of Finanaal A¢tiwtie$. Re8ourc8s expen¢Yed are rec>)gnisad in the p&nod in they are incJJrr8d. Tanglbh Ilx8d ass•ts Individual fixed assets are capitalised 8t o)st Of trustèo's valuation rf grfted. Deprecsaknon is tharged at the following ral88'. nu Leasehold property Fixtures, fittings and Ulent Over period of leag8 4- 20% straight line Sloc$ are statsd at the lower of cost and nel realisable value.
NORTH WALWM COMMUNITY ASSOCIATION NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng pollcl• contlnu•d Fund accountlng Funds hdd by the thanty are either UnrestriL#ed general lund8 -thes6 are fundSl¢h can tfj used in aco)rdance wth the charitable objecis at the discretion of the trustees. D8signaled funds -these are funds s6t aside by the trustees OLrt of unrestrided general fvnds for 8p8ofi¢ future purposes or projects. Restricted funds-these are funds that can lY be used for speafic purpos8s as18id down by th8 donor. Expenditure meets these Cri8 is Larged lo tha fvnd, tCQOther Ih a fair allocation of Ihe management 8nd support cost$. Further &xplanation$ of t nature and purpose of eath fund is induded in the notes to the financial statements. Taxadon The associats'on is a registered charity and accnrdingly is exempt from taxalion on its ino)mo and gains %there they are applied for tharitat4e purpose$.
NORTH WALSHAM COMMVNrrY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 2. Trndlng Subsldlary Incomo and èxptsndllurn Th8 trading subsidiary North Walsham Communty Centre Limited (Company Numbèr. 023714521, m8nag&s the bor faolitigs. 11 donates its profits lo the Assct4ation. Trading rnsults exlraL#e¢J from ils aco)unts to 31 Marth 2022 ara shovm b¢lthv'. 2022 2021 Tumover Less.. Cost of sales 12.343 3.782 305 Gr¢)ss profil I (loss) Administration expen88S 8.561 6,792 {1,2281 1,771 Operatiro profft l {108sI Donations rved 1,769 {2,9991 Net profit for ihè year I (loss) Donation to l (Transfer of loss from) North walsh Community Assocaation 1,769 11,7691 {2.9991 2.999 Amount retained for the year Nll 3. Qua•l-•uhldl•ry In¢om• and •xp•ndMur• The quasi-subsidiary, Friends of North Wal$h$m Cornmunily Assouation. organises fvndrai&ng events and don818s ils profits to thg Association. Results exiracted trom ils accounts to 31 Marth 2022 are shown b81ow. 2022 2021 Fundraising incom8 Cost of fUndraing a(livities 1,184 1,433 D•fjcit for the year 12491 Balan 1 April 2021 Re¢*ipts from North Walsham Community Asgxiation Payments to North W8lsham Community Assoaation Balan(% 31 Marth 2022 6.205 6,256 {511 5.9&8 6,205 10
PIORTH WALSHAM COMPJUNITY ASSOCIATION NOTE8 TO THE ANANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 4. Net outgolng re•ourc•s Nat outgoing res¢yJrces is slated after tharging." 2022 2021 Ow8aalion and amortisation of owned as8ets 11,811 7,341 6. Total r•8ourcM •xp•nd•d Gov•rn# 08ts staff Depreclallon Other Total Direct tharitaNe eXFendrture'. Wages and s818ri0$ Premises sts 27,324 27,324 33,876 61,200 11.811 11,811 27,324 22,065 Other expanditure: Trading expendituro General tharity exp¢ndrture Independent examination fee Other financa81 sorvi¢&s 10,574 1,572 10,574 1,572 1,500 5,1eo 27,324 11,811 34,211 78,SC 6. *aff casts 2022 2021 Wages and salaries Sooal Security 515 Penslon o)sls Employment AlltManc• 26,493 2,239 831 {2,239) 23,553 2,CQ7 {2,007} 27,324 24,452 The average number ol employees ft>r the thaAty was.. No employee rectived totsl ¢mOYa& benefits of more than £80,COJ. 11
NORTH WALSHAM COMMUNITY ASSOCIATION NOTE8 TO THE ANANCIAL STATEMENTS FOR THE YEAR ENDEO 31 IMRCH 2022 7. Taffjlble Ilx•d as•et• ".iopliJo Consolldat•d & Asfoclatlon L•asehold Flxturns. PrOrtY flttlngs & equlpment Totsl 1 Apnl 2021 AddrtIcS 217,359 181, 7,645 378,955 7,645 31 Marth 2022 217,359 169,241 386,6C(I DeprnGlatlon 1 April 2021 Charge for the y•ar 31 March 2022 103,644 5.173 135,308 238,952 11,811 108,817 141,946 250,763 Net book #mount 31 March 2022 108,543 27,295 135,837 31 Maft* 2021 113,715 26,288 140,CX)3 8. Flxed a•ts Inva8tments CorAolldated 2022 2021 2022 2021 C051 al 31 March 2022 North Walsham Community Contro Limilod Ordinary shares of £1 each (incorporated in England) £12 9. &ock Con•olldatod 2022 2021 As•oclatl¢)n 2022 2021 Bar st¢xk for r¢sale 1,957 12
NORTH WALSHAM COMMUNITY ASSOCIATK>N NOTE8 TO ThE FINANCIAL 8TATEMENTS FCMI THE YEAR ENDED 31 IAARCH 2022 10. Dobtorn , conslt•d 2022 2021 A•wclallon 2022 2021 Trade debtors Prepaymants and a¢£xLd InCc Oth&r debtors 8,743 2.729 8,743 2,729 3,539 2.621 2,621 ' 2,672 11,472 3,261 15,011 5,293 11. Crndltorn Cons(Ald•ted 2022 2021 AMo¢lallon 2022 2021 Trade creditors Taxation and swal securfty Penon contributson8 Atxnjals Other credttors (9551 {9551 l&lO 216 2,582 216 2,527 2.676 2,549 2,549 4.270 3,658 4.258 3,603 12. AnalyJl¥ of n•t auats b•twwn fvnd• Genernl Funds Rutrlctgd Funds DIgnal•d Funds Tcrtal F1 Tangible fixed a$sets Investrnents Cufrent assèts Current liabilities 135.837 135,837 54,002 14,2701 87,173 141,175 14,2701 185,569 87,173 272,742 13
NORTH WALSHAM COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 13. •toment funds eiojd At 1 Aprll 20 Incomlng Resource (Mgolffj . Tran•f•r R•sourcfj• At31 March 2022 Unrestslcted fund•: General fund Doslgnat•d fvnds: Lobby improvgmenls fvnd Fumiture replac£ment fund Easement fijnd Roof repair fund ContsnggnLies re8eNe Repairs and improvement 176,591 86.051 177,073) 185,569 15,CKQ 15,CMXI 10,CDJ 10,CQO 15.OCAry 40,717 6,205 15,C#JO 40,717 1,184 {1.4331 T(tsl fund• 264.013 87,235 178,5C6) 272,742 isin Purposes of desgnated fvnd$'. Th6 eonlinggnogs reserve comprises monies sel aside lor emergenaes. The rapairs ar1 improvgmgnls reserve represents the monies currently hèld by the Friends of North Walsham Community Assoclation for general improvements to tho eenlre. In 2018 the Trustees deemed it appnjpriale to desnate fvrKls to various areas of the c8ntre whith in need ol wnprovements. The Trustees d6gnated the following from Gener81 Funds". Lobby improvements fund £15,CQ) Fumilurg replacement fund £10.C Easement fund £5C() Roof repair fund £15,0 14. R•lated party transactlons Certain Tnjstees reIVed approved r[snOr4119n for servicos prowded to the Asso(>atKJn in addition to thwr dub'es as Truslees. Th8 amounts paid were as fdlows.. 2022 2021 Mr C Jeary Mrs A Hudson 122 27 No Trustees received any expenses during the year {2021 £Nill. 14
N¢TH WALSHAM COMMUNif( A%80CIATION IANAGEMENT INFORMATION FOR THE YEAR ENDED 31 MARCH 2022 The infomiation s81 out on page 15 doès not form part of the report and finan(aal statements
NORTH WALSHAM COMMUNITY ASSOCIATION MANAGEMENT INFORMATION INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 In¢omo Hire Charges Contributions to light & heat Subscriptions Inter85t r1Ve mielIan80uS Ino)me Fundraiwng Govemment grants Other grants North Wa15ham Community Centre Ltd.. Management c*targ• Donation 28,19) 3S1 117 279 957 1,143 18,239 39,857 1,769 2999 76,e61 65,795 Le Expondltur• Wages and salarles Premlses Cleaning Light, heat and water Rent and rates Repairs. renewals and maintenan Insuran¢8 Depreaation of fixtures and fittings Amortisab'on of leasehold propety 2,211 5,2S8 674 10,316 1,3C 3,837 5.539 3,519 1,998 6,638 33,876 21.544 Management and admlnl•tratlon Telephone and inlemal Pnnting, postsge, stats'onery & athèrts Office equipment maintenance Licences Professicnal fees Sundry expenses Bank charges e62 139 592 157 425 154 5,160 122 70 111 4.130 6,732 5,131 67,932 49,460 Profft ft)rth• y•ar 16,336 15