REGISTERED CHARITY NUMBER: 517068
Report of the Trustees and Unaudited Financial Statements
for the Year Ended 31 March 2024 for
Derby West Indian Community Association
M. J. Shapcott & Co. Limited Chartered Accountants Charter House, Wyvern Court Stanier Way Derby DE21 6BF
Derby West Indian Community Association
Contents of the Financial Statements for the Year Ended 31 March 2024
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Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 14
Detailed Statement of Financial Activities 45
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Derby West Indian Community Association
Report of the Trustees for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Charities Statement of Recommended Practice (FRS 102).
OBJECTIVES AND ACTIVITIES
Objectives, aims and public benefit
The Association aims to promote the benefit of the inhabitants of Derby with particular emphasis on people of West Indian heritage and to manage a community centre, providing social, cultural, educational and recreational activities. Also advocacy, information and support for and representing disadvantaged people.
Significant activities DWICA is part of a National Portfolio Organisation (NPO) East Midlands Caribbean Carnival Arts Network (EMCCAN) through which it receives money from Arts Council England for the delivery of Derby Caribbean Carnival. Carnival is funded from 2018-2027.
Big Lottery Grant, (The National Lottery), application has been successful, with a grant being awarded for 3 years 2023 to 2026.
Funding is provided by BBC Children in Need (CIN) for our annual 4-week Summer School.
The main activities undertaken during the year were:
-
Organisation of the Derby Caribbean Carnival.
-
Youth Programme- involving youth club, youth social action project "We Move." - Educational Programme - Summer Scheme and educational trips. - Arts Programme - costume design and make workshops, dance, and drama group work etc. - Elderly Programme, improving the health and social care of elderly members funded by TNL (Big Lottery) - Windrush Documentation and Compensation.
~- Equality and Justice Project. - Production and launch of the Book, "A Long Journey - The History of Derby West Indian Community Association". - Completion and Launch of DWICA Digital Legacy Website.
Contribution of Volunteers
In carrying out its activities the Charity makes considerable use of volunteers. The Charity has ten regular volunteers and some 50+ during the Carnival period. The value of volunteers’ contribution has not been quantified.
The Trustees would like to thank all the volunteers for their contribution throughout the year.
FINANCIAL REVIEW
Principal funding sources
DWICA receives grants from a range of organisations including statutory authorities and we have detailed and robust financial controls and procedures in place for monitoring spending.
Grants are received from The National Lottery, BBC Children in Need, which continues to support the Derby West indian Community Association by providing funding which helps to pay for salaries, freelance workers, professional workers, and refreshments. In doing so, this enables the Charity to achieve its objectives and continue to run efficiently.
Grants are also received from BBC Children in Need which fund the running costs of a 4-week summer school to help provide care, education and activities to those who require it during the busy summer period.
Other Policy Development/Implementation
The Charity has developed the following policies - vetting policy, fraud and corruption policy, child lost policy, security policy and safeguarding policy, Volunteer code of conduct GDPR. Engagement of HR Policy Company to manage DWICA employment issues. Risk Assessment.
Reserves policy
It is the Trustees’ policy to maintain reserves in unrestricted funds sufficient to meet current liabilities and provide a cushion against any fluctuations or delays in funding.
Through frugality, employing of energy savings devices and a team of hard working volunteers applying for small pots of funding, the Organisation has managed to stay afloat in difficult times.
Page 1
Derby West Indian Community Association
Report of the Trustees for the Year Ended 31 March 2024
FUTURE PLANS
Applications are continually being made for staff funding, new projects and sustainability of the community centre, with special emphasis on commissioning services from the local authority around public health and The National Lottery Reaching Communities Funds for Community Development Work. We raise funds as the needs arise for projects.
A new application to The National Lottery has secured further funding for 3 years - 2023 to 2026. The funding is for the employment of 3 staff, Administrator, CYP Project Officer and Elders Project Officer.
BBC CIN funding for our Summer School Project ended in August 2023. We have, however, been successful in securing further funding for a further 3 years to 2026.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document, a Deed of Trust.
Election of Trustees
The Officers of the Charity come up for election annually. One third of the Management Committee members shall retire at the Annual General Meeting but are eligible for re-election or re-appointment. All paid up members of the Association are circulated with invitations to nominate replacements for retiring Trustees for appointment at the Annual General Meeting.
Organisational structure
The Trustees manage the Charity. The Trustees meet monthly on every third Friday of the month and are mostly concerned with policy matters and the proper functioning of the community centre. Officers present verbal monthly reports to the Committee. The Treasurer however monitors our budget and produces a three monthly written report of spending to the Management Committee.
Our Treasurer is extremely hands on and provides regular financial reports to our Management Committee meetings for discussion and approval. Other Committees and Working Groups are formed on a temporary basis as appropriate.
Responsibilities for the day to day management of the Charity lie with the Manager/Development Co-ordinator with powers and responsibilities approved by the Trustees - verbal monthly reports and written three monthly reports are received by the Trustees. The Manager/Development Co-ordinator is line managed by the Chairman or a delegated officer.
Induction and training of new General Committee members
Trustees are provided with a handbook containing key documents. New Trustees are inducted by meeting with officers who explain their roles and responsibilities. Trustees are encouraged to attend appropriate external training events where these will facilitate the understanding of their role.
Some members of the Management Committee and staff received Safeguarding Training in 2021 but the training is ongoing.
Risk management
The Trustees have examined the major risks to which the Charity is exposed, including possible claims in respect of the annual Caribbean Carnival and any issues arising from the use of the community centre and are satisfied that systems are in place to mitigate those risks. The Association is insured for employer, public liability and professional indemnity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 517068
Principal address Community/Cultural Centre Carrington Street Derby Derbyshire DE1 2ND
Page 2
Derby West Indian Community Association
Report of the Trustees for the Year Ended 31 March 2024
Trustees
G Mighty Chairman L G Newby Vice Chairman Miss A P Mighty Secretary Mrs M Mosley Asst. Secretary Mrs M Slater Treasurer Mrs M Dean Mrs J Coleman Mrs A M Palmer Mrs P H Samuel Miss M Barrett Professor C Wright Mrs G Wilkes Trustee
Independent Examiner Mrs K F Shapcott FCA M. J. Shapcott & Co. Limited Chartered Accountants Charter House, Wyvern Court Stanier Way Derby DE21 6BF
Approved by order of the board of trustees on 19 August 2024 and signed on its behalf by:
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d t
<
G Mighty - Trustee
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Page 3
Independent Examiner's Report to the Trustees of Derby West Indian Community Association
Independent examiner's report to the trustees of Derby West Indian Community Association { report to the charity trustees on my examination of the accounts of Derby West Indian Community Association (the Trust) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with requirements of the Charities Act 2011 (‘the Act’).
the
| report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under Section 145(5}(b) of the Act.
Independent examiner’s statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. | can confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1, accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
| 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.
Mrs K F Shapcott FCA
M. J. Shapcott & Co. Limited Chartered Accountants Charter House, Wyvern Court Stanier Way Derby DE21 6BF
19 August 2024
Page 4
Derby West Indian Community Association
Statement of Financial Activities for the Year Ended 31 March 2024
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|||||||||
|---|---|---|---|---|---|---|---|
|2024|2023|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Charitable|activities|
|Carnival|-|95,570|95,570|78,162|
|Youth|activities|and|summer|school|-|BBC|
|Children|in|Need|-|-|-|19,557|
|Others|20,813|-|20,813|44,212|
|Next|Step|-|-|-|32,958|
|National|Heritage|-|19,126|19,126|124,316|
|Voice|4|Change|-|-|-|5,050|
|ESTP|Project|-|114,973|114,973|-|
|Warm|Hub|-|5,444|5,444|-|
|We|Move|Fund|-|36,515|36,515|.|
|Windrush|-|11,800|11,800|-|
|Community|Action|-|4,993|4,993|-|
|Other trading|activities|2|18,144|1,996|20,137|19,925|
|Investment|income|3|6,034|-|6,034|1,486|
|Total|44,988|290,417|335,405|325,666|
|EXPENDITURE|ON|
|Charitable|activities|4|
|Carnival|-|144,009|144,009|114,004|
|Youth|activities|and|summer|school|-|BBC|
|Children|in|Need|-|3,874|3,874|14,141|
|Others|51,676|8,376|60,052|73,720|
|BBC|Children|in|Need|-|1,453|1,453|-|
|Stronger Together|-|Big|Lottery|-|-|-|25,782|
|COVID|Kitchen|-|-|-|2|
|Next|Step|-|-|-|1,225|
|National|Heritage|-|29,541|29,541|93,672|
|Voice|4|Change|-|-|-|1,684|
|ESTP|Project|-|89,590|89,590|-|
|Warm|Hub|-|2,029|2,029|-|
|We|Move|Fund|-|19,702|19,702|-|
|Windrush|-|8,856|8,856|-|
|Community|Action|-|873|873|-|
|Total|51,676|308,303|359,979|324,230|
|NET INCOME/(EXPENDITURE)|(6,688)|(17,886)|(24,574)|1,436|
|Transfers|between|funds|12|42,151|(42,151)|-|-|
|Net|movement|in|funds|35,463|(60,037)|(24,574)|1,436|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|42,216|496,370|538,586|537,150|
|TOTAL FUNDS|CARRIED|FORWARD|77,679|436,333|514,012|538,586|
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The notes form part of these financial statements
Page 5
Derby West Indian Community Association
Balance Sheet 31 March 2024
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|2024|2023|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|FIXED|ASSETS|
|Tangible|assets|8|20,647|136,052|156,699|165,611|
|CURRENT|ASSETS|
|Debtors|9|3,687|-|3,687|6,619|
|Prepayments|and|accrued|income|424|-|424|378|
|Cash|at|bank|58,238|300,281|358,519|369,550|
|62,349|300,281|362,630|376,547|
|CREDITORS|
|Amounts|falling|due|within|one|year|10|(2,089)|-|(2,089)|(899)|
|NET CURRENT ASSETS|60,260|300,281|360,541|375,648|
|TOTAL ASSETS|LESS|CURRENT|LIABILITIES|80,907|436,333|517,240|541,259|
|ACCRUALS AND DEFERRED|INCOME|11|(3,228)|-|(3,228)|(2,673)|
|NET ASSETS|77,679|436,333|§14,012|538,586|
|FUNDS|12|
|Unrestricted|funds|77,679|42,216|
|Restricted|funds|436,333|496,370|
|TOTAL FUNDS|514,012|538,586|
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The financial statements were approved by the Board of Trustees and authorised for issue on 19 August 2024 and were signed on its behalf by: & G Mighty -aye
The notes form part of these financial statements
Page 6
Derby West Indian Community Association
- ACCOUNTING POLICIES
Notes to the Financial Statements for the Year Ended 31 March 2024
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of freland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attriouted to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
The support costs are allocated to each activity pro-rata in proportion with the level of activity.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life. Freehold property - 2% on cost Plant and machinery - 10% on reducing balance Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance Computer equipment ~ 25% on cost
Taxation
The charity is exempt from tax on its charitable activities. The charity's activities are currently outside the scope of VAT. Unrecovered VAT suffered is written off to the relevant expenditure.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 7
continued...
Derby West Indian Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 2. | OTHER TRADING ACTIVITIES | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Carpark income Room hire |
10,149 9,988 |
6,633 13,292 |
||
| 20,137 | 19,925 | |||
| 3: | INVESTMENT INCOME | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Depositaccount interest | 6,034 | 1,486 | ||
| 4, | CHARITABLE ACTIVITIES COSTS | |||
| Support | ||||
| Direct Costs |
costs (see note 5) |
Totals | ||
| £ | £ | £ | ||
| Carnival | 125,053 | 18,956 | 144,009 | |
| Youth activities and summer school - | ||||
| BBC Children in Need | - | 3,874 | 3,874 | |
| Others | 9,991 | 50,061 | 60,052 | |
| BBC Children in Need | 1,453 | - | 1,453 | |
| National Heritage ESTP Project Warm Hub |
24,638 2,771 988 |
4,903 86,819 1,041 |
29,541 89,590 2,029 |
|
| We Move Fund | 4,739 | 14,963 | 19,702 | |
| Windrush Community Action |
1,948 - |
6,908 873 |
8,856 873 |
|
| 171,581 | 188,398 | 359,979 | ||
| 5. | SUPPORT COSTS | |||
| Governance | ||||
| Other | costs | Totals | ||
| £ | £ | £ | ||
| Carnival | 18,956 | - | 18,956 | |
| Youth activities and summer school - BBC | ||||
| Children in Need | 3,874 | - | 3,874 | |
| Others | 28,365 | 21,696 | 50,061 | |
| National Heritage | 4,903 | - | 4,903 | |
| ESTP Project Warm Hub |
86,819 1,041 |
- . |
86,819 1,041 |
|
| We Move Fund | 14,963 | - | 14,963 | |
| Windrush CommunityAction |
6,908 873 |
- - |
6,908 873 |
|
| 166,702 | 21,696 | 188,398 | ||
| 6. | TRUSTEES’ REMUNERATIONAND BENEFITS | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Trustees’fees | 6,800 | 6,540 |
Page 8
continued...
Derby West Indian Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
6. TRUSTEES’ REMUNERATION AND BENEFITS- continued
Trustees’ expenses
The following trustees were reimbursed for expenditure made on behalf of the charity during the year:-
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| MrG Mighty | 1,680 | 272 | ||
| Mrs M Slater | 844 | 97 | ||
| MissA P Mighty | 1,606 | 414 | ||
| re | STAFF COSTS | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Wages and salaries Social security costs |
91,918 5,615 |
71,051 3,659 |
||
| Other pension costs | 1,372 | 2,631 | ||
| 98,905 | 77,341 | |||
| The average monthly number ofemployees during the yearwas as follows: | ||||
| 2024 | 2023 | |||
| Staff | 12 | 8 | ||
| No employees received emoluments in excess of£60,000. | ||||
| 8. | TANGIBLE FIXEDASSETS | |||
| Fixtures | ||||
| Freehold | Plant and | and | ||
| property £ |
machinery £ |
fittings £ |
||
| COST | ||||
| At 1 April 2023 and 31 March 2024 | 209,999 | 6,650 | 67,739 | |
| DEPRECIATION | ||||
| At 1 April 2023 Charge foryear |
72,000 4,000 |
6,026 62 |
50,593 2,572 |
|
| At 31 March 2024 | 76,000 | 6,088 | 53,165 | |
| NET BOOKVALUE | ||||
| At 31 March 2024 | 133,999 | 562 | 14,574 | |
| At 31 March 2023 | 137,999 | 624 | 17,146 | |
| Motor vehicles £ |
Computer equipment £ |
Totals £ |
||
| COST | ||||
| At 1 April2023 and 31 March 2024 | 9,400 | 20,232 | 314,020 | |
| DEPRECIATION | ||||
| At 4 April2023 | 9,368 | 10,422 | 148,409 | |
| Charge foryear | 8 | 2,270 | 8,912 | |
| At 31 March 2024 | 9,376 | 12,692 | 157,321 | |
| NET BOOKVALUE | ||||
| At 31 March 2024 | 24 | 7,540 | 156,699 | |
| At31March2023 | 32 | 9,810 | 165,611 |
continued...
Page 9
Derby West Indian Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 9. | DEBTORS: AMOUNTS FALLING DUEWITHIN ONEYEAR | DEBTORS: AMOUNTS FALLING DUEWITHIN ONEYEAR | |||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| £ | £ | ||||
| Trade debtors | 3,687 | 6,619 | |||
| 10. | CREDITORS: AMOUNTS FALLING DUEWITHIN ONEYEAR | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Taxation and social security | 2,089 | 899 | |||
| 11. | ACCRUALS AND DEFERRED INCOME | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Accruals and deferred income | 3,228 | 2,673 | |||
| 12. | MOVEMENT IN FUNDS | ||||
| Net movement |
Transfers between |
At | |||
| At 1.4.23 | in funds | funds | 31.3.24 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| Generalfund | 42,216 | (6,688) | 42,151 | 77,679 | |
| Restricted funds | |||||
| Carnival Fixed Assets |
- 137,999 |
(46,439) (4,000) |
46,439 - |
- 133,999 |
|
| BBC Children in Need | 72,930 | (5,327) | - | 67,603 | |
| National Lottery Fund | 148,946 | - | - | 148,946 | |
| People's Health Trust | 347 | - | (347) | - | |
| COVID KITCHEN | 15,766 | - | (15,766) | - | |
| Dilapidations fund | 25,000 | (4,376) | 5,000 | 25,624 | |
| National Heritage | 61,966 | (10,416) | (51,550) | - | |
| Voice 4 Change | 17,993 | - | (17,993) | - | |
| Warm Hub | 4,519 | 3,415 | (7,934) | - | |
| Windrush ESTP Project |
10,904 - |
2,942 25,381 |
- - |
13,846 25,381 |
|
| We Move Fund | - | 16,813 | - | 16,813 | |
| Community Action | - | 4,121 | - | 4,121 | |
| 496,370 | (17,886) | (42,151) | 436,333 | ||
| TOTALFUNDS | 538,586 | (24,574) | - | 514,012 |
Page 10
continued...
Derby West Indian Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
12. MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| Generalfund | 44,988 | (51,676) | (6,688) | |
| Restricted funds | ||||
| Carnival Fixed Assets |
97,570 - |
(144,009) (4,000) |
(46,439) (4,000) |
|
| BBC Children in Need Dilapidations fund National Heritage Warm Hub |
- - 19,125 5,444 |
(5,327) (4,376) (29,541) (2,029) |
(5,327) (4,376) (10,416) 3,415 |
|
| Windrush ESTP Project We Move Fund |
11,798 114,971 36,515 |
(8,856) (89,590) (19,702) |
2,942 25,381 16,813 |
|
| Community Action | 4,994 | (873) | 4,121 | |
| 290,417 | (308,303) | (17,886) | ||
| TOTAL FUNDS | 335,405 | (359,979) | (24,574) | |
| Comparatives formovement in funds | ||||
| Net | Transfers | |||
| At 1.4.22 | movement in funds |
between funds |
At 31.3.23 |
|
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Generalfund | 89,538 | (19,465) | (27,857) | 42,216 |
| Restricted funds | ||||
| Carnival Fixed Assets |
10,985 141,999 |
(33,842) (4,000) |
22,857 - |
- 137,999 |
| BBC Children in Need | 39,108 | 33,822 | - | 72,930 |
| National Lottery Fund People's Health Trust COVID KITCHEN |
173,456 347 15,766 |
(24,510) - - |
- - - |
148,946 347 15,766 |
| Dilapidations fund Nationa! Heritage Voice4 Change Warm Hub |
20,000 31,316 14,635 - |
- 30,650 3,358 4,519 |
5,000 - - - |
25,000 61,966 17,993 4,519 |
| Windrush | - | 10,904 | - | 10,904 |
| 447,612 | 20,901 | 27,857 | 496,370 | |
| TOTALFUNDS | 537,150 | 1,436 | . | 538,586 |
Page 11
continued...
Derby West Indian Community Association
- MOVEMENT IN FUNDS- continued
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 34,617 | (54,082) | (19,465) | |
| Restricted funds | ||||
| Carnival Fixed Assets |
80,159 - |
(114,001) (4,000) |
(33,842) (4,000) |
|
| BBC Children in Need | 52,517 | (18,695) | 33,822 | |
| National Lottery Fund | 4,999 | (29,509) | (24,510) | |
| National Heritage | 124,322 | (93,672) | 30,650 | |
| Voice 4 Change | 5,050 | (1,692) | 3,358 | |
| Warm Hub | 7,501 | (2,982) | 4,519 | |
| Windrush | 16,501 | (5,597) | 10,904 | |
| 291,049 | (270,148) | 20,901 | ||
| TOTAL FUNDS | 325,666 | (324,230) | 1,436 | |
| A current year 12 months and prior year 12 months combined | position is as follows: | |||
| At 1.4.22 | Net movement in funds |
Transfers between funds |
At 31.3.24 |
|
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Generalfund | 89,538 | (26,153) | 14,294 | 77,679 |
| Restricted funds | ||||
| Carnival Fixed Assets BBC Children in Need |
10,985 141,999 39,108 |
(80,281) (8,000) 28,495 |
69,296 - - |
- 133,999 67,603 |
| National Lottery Fund | 173,456 | (24,510) | - | 148,946 |
| People's Health Trust | 347 | - | (347) | - |
| COVID KITCHEN | 15,766 | - | (15,766) | - |
| Dilapidations fund | 20,000 | (4,376) | 10,000 | 25,624 |
| National Heritage Voice4 Change |
31,316 14,635 |
20,234 3,358 |
(51,550) (17,993) |
- - |
| Warm Hub | - | 7,934 | (7,934) | - |
| Windrush ESTP Project |
- - |
13,846 25,381 |
- - |
13,846 25,381 |
| We Move Fund | - | 16,813 | - | 16,813 |
| Community Action | - | 4,121 | - | 4,121 |
| 447,612 | 3,015 | (14,294) | 436,333 | |
| TOTALFUNDS | 537,150 | (23,138) | - | 514,012 |
Page 12
continued...
Derby West Indian Community Association
- MOVEMENT IN FUNDS- continued
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are
as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Generalfund | 79,605 | (105,758) | (26,153) |
| Restricted funds | |||
| Carnival Fixed Assets |
177,729 - |
(258,010) (8,000) |
(80,281) (8,000) |
| BBC Children in Need | §2,517 | (24,022) | 28,495 |
| National Lottery Fund Dilapidations fund Nationa! Heritage Voice4 Change Warm Hub |
4,999 - 143,447 5,050 12,945 |
(29,509) (4,376) (123,213) (1,692) (5,011) |
(24,510) (4,376) 20,234 3,358 7,934 |
| Windrush ESTP Project We Move Fund |
28,299 114,971 36,515 |
(14,453) (89,590) (19,702) |
13,846 25,381 16,813 |
| Community Action | 4,994 | (873) | 4,121 |
| 581,466 | (578,451) | 3,015 | |
| TOTALFUNDS | 661,071 | (684,209) | (23,138) |
Carnival - This is a fund provided by EMCCAN C.I.C for the staging of the annual Caribbean carnival.
BBC Children in Need - This is a fund provided by BBC Children in Need in order to run the Summer School and also the We Move Fund.
National Lottery Fund - This is a fund provided by The National Lottery Fund which is being used to run the Stronger Together project and Even Stronger Together project.
Fixed Assets - This represents the building situated at Carrington Street, Derby. It is being amortised over 50 years.
New Grant - National Lottery - "Even Stronger Together Project" (ESTP2) - Project to start from April 2023 for 3 years.
Windrush - This fund provided by Equality & Justice for 2 years from January 2023.
Community Action - This fund is provided by Derby City Council for half-term activities.
At the year end there has beena transfer from several funds to move the final fund balances to the general fund. This is due to a misallocation of funds expended that were within the general fund that should have been allocated to a restricted fund. These funds were expended in line with the restricted funds requirements at the time that the expense was incurred for each of the projects.
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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Derby West Indian Community Association
- GOING CONCERN
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
The General Committee have formed a judgement at the time of approving the financial statements, that there is a reasonable expectation that the charity has adequate financial resources to continue in operational existence for the foreseeable future. This is dependent upon the support of the charity's funders and bankers, which is expected to continue. For these reasons, the General Committee continue to adopt the going concern basis in preparing the financial statements.
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