Wing Village Hall WING COMMUNITY CENTRE ANNUAL REPORT and ACCOUNTS for the ear ended 31st March 2021 istsrod chari number: 512002
WING COMMUNITY CENTRE Annual Re ort and Accounts 2021 INDEX Annual Report Page Legal Infonnats'on and Administrative Information 2. Structure, Governan and Management 3. Report of the Chaimian of the Parish Council, as Trustee 4. Finanrial Review 5. Report of the Chaimian of the Management cornmee 6. Declaration of the Trustee Statement of Trustee's Responsibilities 12 Indopondont Examiner'8 Report 13 Accounts for the year ended 31st March, 2021 14 P8g8-1-
WING COMMUNITY CENTRE Annual Re rt and Accounts 2021 The Trustee presents its Annual Report and Accounts of the Charity for the year ended 31st March, 2021. The Accounts have LEen prepared in accordance wrth the accounting policies as set out in note 1 to the Accounts and comply with thè Chanty's governing document, the Charities Act 2011 and Accounting and Repong by Charities.. Ststement of Recommended Practice {'SORP") applicable to Charities preparing their accounts in accordance wtth Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16th July 2014. 1. Le al and Adminl8tratlvo Infomiatlon 1.1 Nam• The name of the charity is Wing Communty Centre (Ihe Charity"). 1.2 Ro Istratlon Numbar The Charity is registered with the Charity Commission for England and WaS under registration number 512002. 1.3 Accountin Reference Dat• 31st March in each calendar year. 1.4 Offieé and O The Village Hall, 2A, Morcott Road, Wing, Rutland LE15 8SA rational Addr• 1.5 Trusteo The Wing Parish Council {'Ihe Trustee.), an elected body. 1.6 Mana emgnt Committee The following individuals, with their job tide, served during the period:_ Richard Tulloch- Chairman (resigned 20th June, 2021) Helen Cullen - Treasurer and Parish Councillor Jon Roberts- Hall Manager and Parish CouncilloT (resigned 5th June, 2021) Lynne Kitson - Events and Fund-raising (resigned 27th May, 2021) Sarah O'Boyle - Booking Secretsry (resigned 25th May, 2021) Sally Cox-minutes S@cret2ry (appoint@d 8th JunÈ. 2020.. resbgned 28th May. 2021) Judith Oakley- Minutes SeGretsry and Parish Councillor (resigned 27th July, 2020) 1.7 Bankers Barclays Bank PLC
WING COMMUNITY CENTRE Annual Re ort and Accounts 2021 1.8 Ob"ect of the Chari The Charity exists solely for charitable purposes which are set out in the Object clause contained in the Charity's Scheme document ("the Scheme") dated 14th October.1997. The Object of the Charity Is the provision and maintenance of a community centre for the use of the inhabitants of the Parish of Wing, and the surrounding neighbourhood {'Wing Communty.), in the county of Rutland ('Yhe area of benefit") without distinction of polits'cal, religious or other opinions including use for meetings. lectures and classes and other forms of recreation and leisure-time occupation with the objective of improving the conditions of life for the inhabitants. In furthering the Object, the land belonging to the Chaiity must be retained by the Trustee for use for the Object of the Charity. 1.9 Hi8to and Back round of the Wln Communl Centr• The original use of the buildings and its adjacenl land, on Morcott Road, Wlng (Yhe Property") was as the village school. The Property was owned jointly by The Archdeacon of Northampton and by The Peterborough Diocesan Board of Finan. Following the demise of the village school, the Propety vested into the Official Custodian for Charities in May,1982. In October,1997 the Property was transferred to the Trustee in trust for the Charty under the Scheme and the Official Custodian was discharged from its duties as trustee. The Trustee, together with members of the Wing Communty, obtained lottery fijnding in 2000 to refurbish and up-grade the Village Hall in order that the property could be used by and for the benefit of the Wing Community. 1.10 Our Mi88ion and Vision Our mission is to ensure the future of Wng Village Hall, for the benefit of the Wing Community by engaging as many community members as possible in meeting the Charity's objective. Our vision Is a village community whlch is safe. supporting and caring and nurtures its village and its people, providing a focal point where all can share in and enjoy the life of the vill89e. We do this by hiring-out th8 Village Hall and fund raising by organising community events and activities, to ensure that the Charity meets its financial OblationS in maintaining the Village Hall for the benefrt of the Wing Community. 1.11 Activities for the Publlc Benefit The Trustee confirms that it has referred to the guidan contained in the Charity Commission's general gutdance on publlc beneflt when reviewing tne Charlty's alms an¢J objectives and In planning future funding activities and setting the funding policy for the year. Page-3-
WING COMMUNITY CENTRE Annual Re rt and Accounts 2021 2. Struetur@ Gov•rnanc8 and Mana gmant 2.1 Governin Docume The Charity is governed by a scheme document dated 14th October, 1997 which replaces the former trusts of the Charity. The Scheme was made under an Order from the Charity Commissioners for England and Wales ("the Commissioners.). 2,2 Or anisational Structure The Trustee listed in 1.5 was appointed under the Scheme. The Trustee remains responsible for the general control, management and administraiion of the Charity. albeit that there exists a management agreement, under which the Management Committee ("Committee') manage the day-to-day affairs of the Charity.The Trustee, made up of elected Parish Councillors, and the members of the Committee give their time freely and re1Ve no remuneration or other financial benefits. The Trustee held the following meetings during the year to 31st March, 2021 17th June, 2020 30th September, 2020 25th November, 2020 27th January, 2021 31st March, 2021 All meetlngs were held electronically using ZOOM due to the extraordinary circumstances of the COVID-19 pandemic. .3 Th• Mana •mant Committee Strueture and Dutle8 Under the terms of the Scheme, Committee meetings and the AGM require at least two members of the Parish Council to be present and voting for such meetings to be quorate. The Committee that senied during the year is listed in 1.6 above. Under an agreement, dated 28th September, 2018. a fonnal framework VRS set-out and agreed beeen the Trustee and the Committee. At an Extraordinary meeting of the Trustee on 21st June, 2021 it was noted that only one member of the Management Committee remained in post and the Trustèe agrsod to take ovor rèsponsibility for the management of the Village Hall in the short term ( approx 3 months) in line with it's legal obligation. During this period the Trustee plans to hold a village meeting to discuss the use and management of the Village Hall in the longer term so that the formation of a new Village Hall Management Committee can comrnen as soon as possible after the meeting.
WING COMMUNITY CENTRE Annual Re ort and Accounts 2021 2.4 Risk Mana ement The Trustee has developed a Risk Management Policy which sets out how the Trustee manages risk and the appetite that the Trust has for taking risks. This Policy was approved at the meeting held on 17th June. 2020. The principal risks faced by the Chaiity are". 1. that annual income may not be sufficient to cover annual outgoings 2. fragility of income sources 3. possible exposure to events making a loss 4. the insurance of the building and contents and for events held away from the Village Hall is not adequate 5. increased regulation and the potential to breach one of wulations 6. the cyclical repair provision proves insufficient 7. fraudulent use of the Charity's bank account The Trustee has given consideration to all major risks to which the Charity is exposed and satisfied itself that systems or produreS are established in order to manage those risks. 2.5Fundln and Fundra181n The Charity's funding sourGes are currently as follows.. 1. Individuals, principally in the Wing Community. who hire the Village Hall andlor make donations to th8 Charity and assist in its fund raising activities- 2. Individuals and organisations outside of the Wing Communty who hire the Village Hall for events and activities; 3. The Committee organises community ev6nt8 and activrties which involve an element of surplus on the event for the benefit of the Charity. 4. Th8 Committee runs a 100 Club with 11 monthty and 1 bonus payout which the Gommunity support as members of the Club 5. The solar panels generate income for the Charity The Trustee and the Committee fully intend, over the course of the next few years, to look at how we might meet some of the funding needs of our Charity in the future. In particular, we ar8 conscious that there are many local organisations and companFes who are willing to support local communtties in which they are stakeholders and offer grant funding for the right kinds of projects. The Charity'¥ objeGtive for its fundlng Is to: Maintain the hiring out of the Willage Hall Continue to hold fund raising events Source and build donor and grant-funding bases Pag8-5-
WING COMMUNITY CEKfRE coun 2021 I must start bythanking all Parish Councillors and nHrtssclthe Village Hall Management Committee fortheir hard work during an unPredented and challenging year. Particular thanks go to Councilors Hellen Cullen and Jon Roberts who have provided the liaison between the Parish Council as Trustee and the Management Committee, as well as shouldering much of the work of the Committee. Helen in particular has been creative in SUCC8ssfully applying for sp8cial grants that hav8 h&lp8d sustain th8 Hall during the Covid pandemic when normal sources of income have largely dried up. Huge thanks also to Richard Tulloch for his chairmanship of the Management Committee during a difficult year, and to Helen Duckering for acting as 'clerk' to the Trustee alongside her Parish Council duties. Review of the year Richard Tulloch has described the few activities that have taken place.. the Village Hall ha8 been closed for public hiring throughout much of the year although the Post Office has opened on one day a week as usual. He has also outlined the programme of refurbishments that is under way both internally and externally and the annual accounts are presented elsewhere, so I will not repeat any of those details here. other than to note that for the twelve Months ended 318t March, 2021 we returned a welcome surplus of £11,279. This excellent result under extraordinary circumstances reflects the careful oversight and inrtiative of the Management Committee, who have kept the ship not simply afloat but Sailing strongly (if almost silentlyl) throughout the pandemic. Looking Forward We are fortunate indeed to have a modem Village Hall that offers generous space and excellent facilities. It is a fantastic asset for our community and we all want to see it used to benefit the village as much as possible, but its management is also a significant responsibility. Quite apart from day-to-day expenditure on services and cleaning, management of such substantial asset demands a careful programme of upkeep and improvement to ensure that the Hall is attractive to potential hirers and remains in good order for future generations of villagers to enjoy. This requires some serious forward planning and fvnd-raising alongside the organisalion of the village events we all look forward to. Planq for thÈ onooino UDar2d@ and m2int@nance of the Hall will r@main under r@viÈw in lioht nf Ihp. funds available On the worst of the pandemic is behind us. It is likely that some previous hirers may not retum and we will need to seek out new custom to maintain our income stream. Most importantly however, we look forward to a retum to something like normal operation over the next 12 months, and especially to the organisation of events that all the village can enjoy. Postscript Following a series of resignatr'ons the Village Hall Management Commrttee effectively dissolved in June 2021. The Parish Council, as Trusteo of the Willage Hall charity, is legally responsible for governance of the chartty and is obliged by the Charty Commission to ensure that the Hall
WING COMMUNITY CENTRE Annual Re rt and Accounts 2021 continues to fvnction. Therefore on a temporary basis the Trustee will assume direct responsibility for management of the Village Hall. However, the Trustee would prefer to delegate operational matters to an independent Management Committee as it has done in the past and intends to make a fresh Start with a new Management Committee as qulckly as possible. A meeting will be called in the Villag8 Hall that all the village can attend once we are free of Covid restrictions and past the holiday period (hopefully in September 2021). It is important that everyone who wishes can have a say in how the hall should be run and in establishing a new Commtttee. We need Management Committee of many skills to deliver an ambitious agenda, and it would be good to see more volunte8rs coming forward to put their shoulders to the community wheel. Kenneth Siddle Chairman of the Wing Parish Council, the Trustee July 2021 Page-7-
WING COMMUNITY CENTRE Annual Ro ort and Accounts 2021 4. F'n2nelal Roviow of Cha In the year ended 31st March. 2021 The Charity had an overall financial surplus, before appropriations, of £11,279 against £7,738 for the prior year. This surplus together with the increase in the reserve for new equipment, (being an appropriation of some of the surplus for the year), is reflected in an increase in The Charity's funds and hence an increase in its net assets. Our income for the year has remained steady at £25.198, being £930 lower than last year but due to COVID -19 restrictions our hall hire and fundraising income for the year was £3,253, a fall of £20,907. Lockdown business grants received from the Government during the year were £19.931 which are recognised in the Statement of Financial Activities. The grants almost balance the reduction in the hall hire and events income for the year. There were no outstanding conditions attaching to the grants at the year end. Twlce, durlng the year, the Village Hall was requlred io close and cease activity. In reality, the Village Hall was only able to open for the months of September and October, 2020. All expenditure wa8 reviewed and cut back wherever possible. The Cyclical Repair provision was vieWed during the year and thi8 SuIted in an additional provision being made. The provision for the year was £7,090. The restricted fund, being the residue of the Birch donation, was utilised during the year, with the agreement of the family, towards new curtains in the main hall. The Trustee has a policy to maintain free reserves at a level equivalent to a three year rolling average of the Charity's operating expenses. The18vel of free reserves in these accounts are below this level. The Trustee will periodically review its overall reserves position in order to ensure free reserves are maintained at the required level. The Trustee maintains a "reserve for new equipmenf on an itemised basis through an appropriation of part of the surplus from each yearfs results. The amount set aside can vary subject to the size of the surplus in any year.The aim of this reserrfe is to provide the estimated monies for each of the items as they fall due for renewal. The Trustee periodically reviews this reserve. The Village Hall re-opened on 17th May, 2021 and it is hoped that over the next few months the villag8, our hiring cliants and soma n8w Clnts will bagin to utilisa tho hall for ovants and activttiès so that we can start to generate income again to cover costs. A programme of rolling maintenance has startéd and will continue through 2021r22.
WING COMMUNITY CENTRE Annual Ro ort and Accounts 2021 S.Re ort of the Chalmian of the Mana em nt Committe• Thi8 ha8 been a truty extraordinary year. The Village Hall has stayed silent and largely closed except for a brief period in Ihe late summer and autumn when we managed some hiring for regular activities. During the period when we could open we were able to support a local children's judo group and indeed they are now returning again. However, apart from our regular Quilters and the National Childbirth Trust everyone else stayed away and some groups have sadly closed down or gone 'ZOOM°, as we say. We were unable to use the Village Hall for village events and activities. The COVID-19 group (made up of members of the PC and Churchwardens) helped support the social side of the village with a quiz, another popular Call my Bluff wine tasting, an auction of promises and a Christmas windows event, to name but a few. l am sure everyone will want to join me in thanking the team for all their support over the last year. The Post offi has been able to use the hall for its regular weekly visits throughout the whole of the last year which has been a bonus for residents who prefer not to go into town or too far afield. The Management Committee has met using ZOOM when nSSary for meetings. We are undertaking a programme of refurbishment. starting with the main hall which is currently receiving a new coat of paint and new curtains which will really brighten it up for when hirers old and new are able to use it. We hope to redecorate most of the interior of the building, have a bit of a sort out and re-configure the store-rooms and the office over the next couple of years. W8 continue to look at a partial kitchen refurbishment and an upgrade to the heating systems. A large programme of work has commenced on the outside of the building, the footpaths and the car park. This is expected to take several months as distinct jobs are fitted in beeen their other jobs by our builders but by the end of the work we expect to have completed sufficient external work to ensure the Villagè Hall is weather- proofed for some time to come. We are advertising for new regular clients and also hope to be able to support local people- especially villagers - who want to hold one-off private parties starting in May 2021. Obviously, we remain dependent on govemment regulations regarding the pandemic but we are hopeful. We have been very fortunate as the Govemment and RCC has been Incredibly supportive towards community buildings. We réceived £19,931 in lockdown business grants during the year and during April 2021 we have received a fvrther £8,000 business restart grant. This may seem like a lot of money but when one start3 to think about the costs we continued to incur, the maintenance yvoik we need lo do and the amounl of income we have lost through lack of ability to hire the hall or hold fundraising events then one begins to S that what the Government has actually done is to help us keep our heads above water- without these grants the Village Hail could have started to dilapidate further through lack of funds over the next few years and upgrading the facility might have become very difficult financially. Pag8-9-
WING COMMUNITY CENTRE Annual Re ort and Accounts 2021 Angle Woods our very réliable eléan8r has been there for us throughout the pandemic providing COVID Secure cleaning as we need it and we are most grateful to her for being so supportive at this very difficult time. My thanks, also. to all those who have served on the Committee during the course of the year namely Jon Roberts, Helen Cullen. Sarah O'Boyle, Lynne Kitson, Sally Cox and Judith Oakley. Especial thanks go to Sarah O'Boyle and her family who have been worked so hard on giving the main hall its transfoming facelift. We remain very hopeful that the new nomial will enable us to r8surn8 village activities and 8V8nts in the Village Hall over the course of the next year- especially our Elton John night now billed for November which everyone was so looking fop4vard to and our Seniors Christmas lunch in December. Vve would like to involve, coronavirus pemiitting, as many in our community as are able and available on somè weekends over the summer and autumn to do clearing out. sorting. re-organising, cleaning. painting and gardening. The plan is to organise these as weekend daytime events where food will be provided but this is dependent upon ongoing social distancin9 wuirements and whether we continue at COVID-19 level 3. Better times are aheadl Richard TulloGh Chaiman of the Wing Community Centre Management Committee May, 2021
WING COMMUNITY CENTRE Annual Re rt and Accounts 2021 6 Declaration In my capacity as Chairman of the Parish Council. the Trustee. I declare thal the Trustee has approved this report and has authorised me to sign it on behalf of the Trustee. The Trustee confirm that rt complies with the Charities Act 2011, the Scherne governing the Charity and the Charities SORP 2005. The Trustee confirms that it has referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning Jture funding activities and setting the funding policy for the year. Signature......... QJAJ Name: Position- Kenneth Siddle Chairman of Wing Parish Council, the Trustee Date: {qluzl Page- 11-
WING COMMUNITY CENTRE Annual Rè ort and Accounts 2021 Statement of Fln2nclal ActivitiOS Ststsment of Tru8tse'8 Responslbllltles For the yoar 0ftd 318t March, 2021. The Trustee, in pr8paring th8 Statement of Financial Activth'es, for the year ended 31st March, 2021, set out on pages 14 to 19 of the Annual Report and Accounts. has: _ Selected surtable accounting policies and then applied them consistently Made judgements and estimates that are reasonable and prudent Ensured that applicable accounting standards have been followed Prepared the financial statements which give a true and fair view of the Charity's income and expenditure for the year and rt8 State of affairs as at it's year-end. The Trustee is responsible for Keeping proper accounting records which dI108e with reasonable accuracy at any time the financial position of the Charity- Ensuring that Charity's expenditure is in accordance wrth the Charity's objectives. Safeguarding the assets. Taking reasonable steps for the prevention and d8tection of fraud and other irregularities. l a-ALJo. Date: Kenneth Siddle Chaimian of Vmng Pansh GounGil Helen Cullen Win9 Pari¥h GounGillor Zqlql,.
WING COMMUNITY CENTRE Annual Re rt and Accounts 2021 Independent Examiners Report I report to the Trustee of Wing Community Centre {Charity no.. 512002) on the Accounts for the year ended 310t March, 2021 as set out on pages 15 to 20 of this Report. Statsment of Respon8lblllt10s and Basis of Report As the Charity's Trustee, you ar8 responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Yhe Acr). I report in respect of my examination of the Charity's Accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable directions given by the Charity Comrnlssion under section 145(5)(b) of the A. Indopendont 8xaminerf8 Statement I have completed my examination. I confimi that no material matters have come to my attention in conn6Ction with the examination that give me cause to believe that, in any material respect: the accounting records were not kept in accordan with section 130 of the Charities Act,. or the Accounts did not accord with the accounting records. or the Accounts did not comply with the applicable requirements concerning the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 othef than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the Accounts to be reached. Signed by the Examiner Date: Paul Kitson Relevant Profes31onal QuallflGatlon" Associate Chartered Management Accountant (ACMA) Page-13-
WING COMMUNITY CENTRE Annual Ra ort and Accounts 2021 statement of Financial Activities For tho yoar ondod 31st March. 2021. Note Unrestricted Restricted Total Funds Funds Funds 2021 Total Funds 2020 Incomlng rOurceS Hall Hir8 Fund Raising Covid 19 Grants Other income TOTAL INCOMING RESOURCES 1,258 1,995 19,931 2,014 25,198 1,258 1,995 19,931 11.629 12,531 25,198 e8ources ox ended Hall maintenanGe and repairs Event costs Caretaker and Gleaning Utilities Internet provision 100 Club costs & prizes Depreciation Cyclical repair provision Resources expended gubtotal On Charity'8 overheads:. Insurance cost Licencing fees Overhead 3ubtotal 1,342 1,342 1,869 4,626 3,137 2,880 595 873 1,529 655 818 594 420 795 1,328 7,090 818 420 795 1,326 7,090 12,385 1,289 245 1,534 1,289 245 1,534 1.882 344 TOTAL RESOURCES EXPENDED 13,919 13.919 18,390 Net movement in Funds Appropriation of funds: Reserve for New Equip Transfer upon utilisation 11,279 11,279 7,738 (8.659) 508 (8,659) (1.502) (508) Total Funds brought fotward 9,831 508 10,339 Total Funds carried forwar(I £12,959 £12 959 £10,339 The notes on pages 16 - 19 form an integral part of these Accounts.
WING COMMUNITY CENTRE Annual Re ort and Accounts 2021 8alanc• sheet as at 31¥t March. 2021. Unrestricted Restrict8d Total Funds Prior Year Funds Funds 2021 2020 Fixed Assets." Tangible Assets 5,716 5,716 4,565 Currnnt Assets.. Debtors Cash at bank and in hand 1,141 Total Currnnt A88ets 50,738 50,738 32,644 Current Ll8bilitl•s.' Creditors falling due within one year 4 18,925 18.925 Net Curront Assets 31,813 31.813 20,795 Other Ilabllltles." Creditors falling due after more than one year (7,481) (7,481) (6,591) Total Net Assets £18769 Funds of the Charf Restricted fvnds Unrestricted funds Reserve for new equipment 508 9,831 8,430 12,959 17,089 12,959 17,089 Total Charity fund8 £30,048 £18769 The notes on pages 16 -19 fonn an integral part of these Accounts. These Accounts were approved by the Trustee at it's meeting held on (date) .......... ZOLI Kenneth Siddle Chaimian of Wing Parish Council Helen Cullen Wing Parish Councillor Page-15-
WING COMMUNITY CENTRE Annual Re ort and Accounts 2021 Notes to the Accounts For the year ended 31st March, 2021. Accounting policies Basis of preparation and assessment of going concern These accounts have been prepared under th8 historical cost convention, with items recognised at cost. The accounts have been prepared in accordan with the Statement of Recommended Practice.. Accounts'ng and Reporting by Charities preparing their accounts in accordance with the Financial Reporting StaThJard applicable in the United Kingdom {FRS 102) issued on 16th July, 2014 and the Financial Reporting Standard applicable in the United Kingdom and with the Charities Act 2011. The Gharity constitutes a public benefit entity as defined by the FRS 102. The Trustee considers that there are no material unrtaInlIeS about the Charity's ability to continue as a going concern. The most significant areas of adjustment and key assumptions that affect items in the accounts are to do with estimating the liabilities arising from future cycIicAI repairs. Incoming Resources Recognition of incoming resources These are included in the Statement of Financial Activities (SOFA) when: ' the Charity becomes entit to the resources the Trustee is virtually certain they will re1ve the resources: and ' the monetary value can be measured with sufficient reliability. Grants and donations are onty induded in the SOFA when tho Charity has unconditional entitlement to the resources. Govemment grants are accounted for on the 'performance model- method whereby grants with no conditions are recognised in income when the grant proceeds are reiVed or receivable. The value of any voluntary help receNed is not included in the account, but is described in the Trustee's annual rèport. This is included in the accounts when receivable. Grants and donations Volunteer help Investment income Expondituro and Liability Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out reSoUrs. Include costs of the preparation and examination of statutory accounts, the costs of Trustee meetings and cost of any legal advi to the Trustee on govemance or constitutional matters. Govemanee costs
WING COMMUNITY CENTRE Annual Re ort and Accounts 2021 Notes to the Accounts For th8 yaar anded 31st March. 2021. l. Accounting policies (continued) Grants payable without These are On recognised in the accounts when a commitment perf0mlan conditions has been made and there are no conditions to be met relating to the grant which remain in the control of the Charty A880ts Property The land and buildings occupied by the Charity are held in trust for the Charity by its Trustee, Wing Parish Council. The property is not valued in these accounts. These are capitslised rf they Gan be used for more than one year. They are valued at cost or, if gifted. at the value to the Charity upon receipt. The assets that have been capitalised are fully depreciated on a straight line basis, over their estimated useful lives. The following rates of depreciation have been utilised.. Kitchen equipment 200/0 or 25% Building improvements 100 Tangible fi'xed assets for use by charity Liabiliti Cyclical Repairs A provision is maintained to spread the cost of repairs and maintenance Provision over their useful life. No provision is made for the replacement of any asset, being the fabric of the building, fences, walls or car-parking area. Detalls of certaln ltsms of expendlture Trustee expenses None of the Parish Councillors (members of the Parish Council, the Trustee) or the Treasurer of the Committee were paid or r8imbursed any expenses. Professional fee8 The Charity's tumover being more than £25,000 but less that £1,000,000 meant that there was no statutory requirement for an audit of these accounts. An Independent Examination was undertaken by an ACMA who gave his time freely and received no remuneration. Employees The Charrty did not have any employees. Restricted funds Monies are beirKJ held on account in respect of these funds. Transactions with Related parties There werè no related paty transactions in year Page-17-
WING COMMUNITY CENTRE Annual R8 ort and Accounts 2021 Notos to tho Accounts For the year ended 31st March. 2021. 2 Tangible Fixed Assets The following have been capitalised and depreciated in accordan with the Chanty's accounting policies: Equipment at cost Buikling Improvements at cost Total Cost or valuation As at 1st April, 2020 Additions in year As at 311t March. 2021 4,802 2,477 7,279 4,210 9,012 2,477 11,489 4,210 reciation As at 181 April, 2020 Charge for the year As at 318t March, 2021 3,078 905 1,369 421 4,447 1,326 5,773 3,983 1,790 Net book values as at.. 31st March, 2021 311t March. 2020 £3 296 £1,724 £2,420 £2,841 £4,565 The Property, being its land and buildings at 2A Morcott Road, Wing, is held in trust for the Charity, by the Trustee. No cost or valuation has been ascribed to it in these accounts. 3 Analysis of Debtors 2021 2020 Debtors Pre-Payments 666 475 364 As at 315t March £364 £1,141 All the above debtors relate to the unrestricted fund in both years.
WING COMMUNITY CENTRE Annual R• ort and Accounts 2021 Notes to the Accounts For the year ended 318t March, 2021. 4 Analysis of Current and Long Tenn Liabilities a. Current Liabilities 2021 2020 Cyclical Repair Provision 16.200 15 2,710 10,000 236 1,613 Clients - paid in advance Accruals Credits falling due within one year £18,925 b. Other Liabilities Cyclical Repair Provision 2021 2020 As at 11t April, 2020 Payments in the yéar Charge for the year As at 31$t March, 2021 Allocation of provision to amounts due within one year 16,591 15,936 7,090 23,681 655 16,591 (16,200) (10,000) Creditors falling due after more than one year £7,481 £8,591 This CyGIiGal Repair Provision is to spread the cost of repairs and maintenance over their useful life. This includes painting the inside and outside of the building, roof repairs, wall and fencing repairs. Future costs and the timing of the work to be done are estimated. All the above liabilities relate to the unrestricted fund in both years. 5 Restricted Fund This fund is in respect of The Birch Good Neighbour Scheme. During the year the donor redirected use of the remaining funds, with the agreement of the Trustee, to maintenance of the Village Hall (specifically towards new main hall curtains) and the fund was closed. Page-19-