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2021-12-31-accounts

Page
Legal and administrative
information
Trustees report
Independent
examiner's
report
Statement
offinancial		 activities
Statemenl
offinancial		 position 9-10
Notes to the financial statements 11 - 20

Obj ectives and activities ectives and activities
The
the		 promotion
for the benefit ofthe public of urban or rural regeneration
in areas of
Whltby
district and surrounding
area) by ag or any ofthe following
means		 social and economic depnvabon (and m parIicvlar in
a, the relief offinancial
hardship,
b. the relief of unemployment,
c. the advancement
ofeducation,
training
or retraining,
particularly
among
unemployed
with work experience,		 people, and providing irnemployed
peopfe
d. the creation
of training
and
employment
opportunities
by the
provision
favourable
terms;		 of workspace, buildings, andlor land
for uss		 nn
e, the provision
of housing
tor those
who are
in conditions
of need
and the
chantable
ownership
provided
that such power shall nol extend to relieving
duty to provide
or improve
housing;		 improvement
of housing
any local authonties
or		 in the public sector or in
other bodies of a statutory
f the maintenance,
improvement
or provision
of pubkc amenibes;
g
the preservation
of buildmgs
or sites of histonc or architectural
importance,
h
the provision
of recreational
fawhtias
for the public at large or those who by
financial
hardship
orsoaal and economic mrcumstances,
have need of such		 reason of
facilities;		 their youth, aqe, mfirmity or disablement,
Ihe protection
or conservation
ofthe environment,
Ihe provision
of public health fawlities and childcare
such other means as may from time to time be determmed
by the trustees.

Unrestricted Restricted Total Unrestricted Restricted
funds funds funds funds
2021 2021 2021 2020 2020 2020
Notes 6 6 6 6 f
incame and endowments
Donations
and		 legames 26b 266 200 200
Charitable
activities		 168,269 168,269 164,257 1,000 165,257
Other income 25,640 25,640 45,062 45,062
Total income 194,175 194,175 209,519 1,000 219,519
Expenditure
Chantable
activities		 6 177,478 1,761 179,239 149,169 1,346 159,514
Gross transfers between
funds
Net incomel(expenditure) for the
year/
Net movement in funds 16,697 (1,761) 14,936 60,350 (345) 69005
Fund balances at 1 January 2021 1,064,260 4,991 1,069,251 1,003,910 5,336 1,009246
Fund balances at 31 December
2021 1,080,957 3,230 1,084,187 1,064,260 4,991 1,069,251

2021 2020
Notes
Fixed assets
Tangible assets 10 976,671 969,956
Current assets
Stocks 210 172
Debtors 13,849 6,827
Cash at bank and in hand 112,590 112,040
126,649 119,039
Creditors'. amounts falling due within one year 13 (16,133) (13,744)
Net current assets 110,516 105,295
Total assets less current liabilities 1,087,187 1,075251
Creditors: amounts faglng due after more than
one year (3,000) (6,000)
Net assets 1,084,187 1,069,251
Income funds
Restricted funds 15 3,230 4 991
Unrestncted funds
General unreslncted funds 790,850 774,153
Revaluation reserve 290,107 290,107
1,080,957 1,064260
1,084,187 1 069251

1 Accounting
policies		 (Continued) (Continued) (Continued) (Continued)
1.6 Tangible fixed assets
Tangible
fixed assets are mtuatiy		 measured at cost and subsequently
measured		 at cost or valuation, net af deprecation and any
impairment
losses.
Expenditure
on fixed assets
costing		 more than
6500 is caprtagsed
Depredation		 is recognised so as to wnte aff the. rost or
valuation
afassets less their		 residual values over their useful kves on the following bases
Freehold
land and buildings		 Nil for Coliseum 6 straight fine over 10years for remarning
Plant and equipment Strarght
line over 10years
i.ixtures and fittings Straigt it line aver 10years
Computers Straight line over 4 years
The gain or loss ansrng
on		 the disposal of an asset is determined
as the difference		 between the sale proceeds and the carrying
value of the asset, and is recognised in the statement
of financial
activities.
1.? Impairment
offixed assets
At each
reporting
end date,		 the charity reviews
the carrying
amounts
of its tangible		 assets to determine whether there is any
indication
that those assets		 have suffered an rmparrment
loss. Ifany such indication		 exists, tire recoverable amaunt of the asset is
estimated
in order to determine
the extent		 of the impairment
loss (ifany).
1.8 Stacks
Stacks are stated at the lower of cost and estimated
sefling price less costs to complete		 and sell
Net realisable
value
is the estimated		 selling
price less ag estimated
costs of cornpletian		 and costs to be mcurred in marketirg,
selling and distnbution.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits
held at cali with banks,		 other short-term liquid investments with original
matunties
ofthree months orless,		 and bank overdrafts.
Bank overdrafts
are shown		 within br&rrowings in current liabiiitres
1.10 Financial instruments
The charity
has elecied
to		 apply the provisions
of Section
11 'Basic Financial		 Instruments' and Section 12 'Other Finanaai
Instruments
issues' ofFPS 102to		 all of its financial
instruments.
Financial
instruments
are recognised		 in the charity's
balance sheet when
tfie chanty		 becomes party to the contractual provisions of
the instrument
Basic financial assets
Basicfinancial assets, which include debtors and cash and bank balances, are measured at transactron pnce
Basic financial liabilities
Basicfinancial
liabilities,
including		 creditors and bank loans are recognised
at transaction		 price
1.11 Employee
benefits
The cost of any unused
haliday
entitlement		 is recognised
in the period
in which the		 employee's
services are rereived.
Termination
benefits
are
recognised		 immediately
as an expense
when
the charity		 is demonstrably rommitted to terrmnate the
employment
of an employee		 or to pravide termination
benefits.

Unrestricted Unrestricted
funds funds
2021 2020
6
Donations and gifts 266 200
Charitable activities
Coliseum Recycling Tenancies Total Total
Services
2021 2021 2021 2021 2020
6 f 6
Grants 24,143 11,193 35,336 39,334
Donated goods 10,346 10,346 7,611
internet cafe 337 337 302
Room rentals 6,599 6,599 1,509
Events 038
Cafe bar 495 495 615
Rental income 115,156 115,156 114,048
31,574 21,539 115,156 168,269 165,257
Analysis by fund
Unrestncted funds 31,574 21,539 115,156 166,269 164,257
Restricted funds 1,000

Coliseum Recycling Tenancies Total
Services
2020 2020 2020
E E E
Grants 27,000 11,334 39,334
Donated goods 7,611 7,611
internet cafe 302 302
Room rentals 1,509 1,509
Events 938 938
Cafe bar 615 615
Rental income 114,948 114,948
30,364 18,945 114,948 165,257
Analysis by fund
Unrestricted funds 30,364 18,945 114,948 164,257
Restricted funds 1,000
Unrestricted Unrestncied
funds funds
2021 2il20
E
24,017 44332
158 130
1,465
25,640 45,062

Coliseum Recycling Tenancies Other Tatal
Services charitable 2828
activities
2021 2021 2021 2021
6 6 6
Staff and volunteer casts 8,798 4,735 13,533 16807
Direct costs 717 1,133 1 265
Office casts 24 896 948 1,162
Premises costs 7,898 10,530 33,434 790 52 G52 45,709
Deprecation 3,306 1,605 4,911 4,876
Finance charges 103
VAT recoverable (1,105)
Travel 1,640 1,G40
22,387 15,289 35,039 2,102 74,817 68,817
Share af support costs (see note
7) 34,609 4,944 54,386 4,944 98,883 79,852
Share of
nate 7)		 governance costs (see 1,939 277 3,046 277 5 539 1,745
58,935 20,510 92,471 7,323 179,239 150,514
Analysis by fund
Unrestricted funds 57,590 20,510 92,471 6,907 177,478 149,169
Restncted funds 1,345 1,761 1,545
58,935 20,510 92,471 7,323 179,239 150,514
Far the year ended 31 December 2020
Coliseum Recycling Tenancies Other Total
Services charitable 2820
activities
Staff and volunteer costs 10,967 5,940 16,807
Direct costs 350 915 1 265
Office costs 40 36 1,086 1,162
Premises costs 7,032 9,298 29,063 316 45,709
Depreuation 3,275 1,601 4,876
Finance charges 103 103
VAT recoverable (1,105) (1,105)
21,664 16,189 29,662 1,402 68,81 7
Share ofsupport costs (see note 7) 24,825 3,547 39,010 12,470 79,852
Share ofgovernance costs (see note 7) 611 87 960 87 1,745
47, 'I 00 19,823 69,632 13,959 150,514

6 Charitable
activi		 ies (ContinuedI
Analysis
by fund
Unrestricted
funds		 45,755 19,823 69,632 13,959 149,1(ig
Restricted funds 1,345 1,345
47,100 19,823 i)9,632 13959 150,614
7 Support costs
2021 2020
Support costs Governance 2021 Support costs Governance 2090
costs costs
Staff casts 94,199 94,199 72,339 72,339
Printing,
postage		 and
stationery 1,138 1,138 922 922
)T costs 2,225 2,?25 2,064 2,V)64
Bank charges 416 416 438 498
Professionaifees 629 629 258 258
Accountancy fees 276 276
Covid rebef on rent due 3,830 3,8)0
Acr;nuntanry
fees		 F„539 5,539 1,746 1,746
98,883 5,539 104,422 79,851 1,746 81,597
Analysed
between
Char)table
actrvitias		 98,883 5,539 104,422 79,852 1,746 81,597

9 Employees (Continuedf
Employment costs
Wages and salaries 101,186 84,479
Social security costs 3,416 2,353
Other pension costs 3,126 ?Ai4
107,729 89,246

Tangible fixed assets Tangible fixed assets
Freehold
land		 Plant and Fixtures and Computers Total
and buildings equipment fittings
E E E
Cost or valuation
At 1 January
2021		 959,660 17,342 101,26? 12,112 1,090,376
Additions 10,209 1,417 11,626
At 31 December 2021 969,869 17,342 102,679 12,112 1 102 fi0?
Depreciation
At 1 January 2021 6,165 6,219 95924 12,112 120,4?0
Depreaation
cliarged		 in the year 1,418 1,734 1,759 4,9fl
At 31 December 2021 7,583 7,953 97,683 12,11? 125,331
Carrying
amount
At 31 December 2021 962,286 9,389 4,996 976,671
At 31 December 2020 953,495 11,123 5,338 969,956

Otherloans 6,000 9,080
Payable within one year 3,000 3,000
Payable after one year 3,000 6,080
13 Creditors."amounts falling due within one year
2021 2020
6
Borrowings 3,000 3,080
Otlier taxation and soda l security 2,278 1,916
Trade creditors 3,546 4,17)3
Other creditors 1 750 875
Accruals and deferred income 5,559 3,800
16,133 13,744
14 Creditors: amounts falling due after more than one year
2021 2020
Borrowings 3,000 6, 000

Movement Movement in funds
Balance at Income Expenditure Transfers Balance at
1 January 2021 31 December
2021
Auditoruim seating 2,300 (1,150) 1,150
Projection equipment 1,Ii'I (195) 976
Social mclusion events 250 250
Pilates class 270 270
Larpool 1,000 (416) 584
4,991 (1,761) 3,230
Movement in funds
Balance at income Expenditure Transfers Balance at
1 January 2020 31 December
2020
Auditorutm sealing 3,450 (1,150) 2,300
Prelection equipment 1,366 (195) 1,171
Social inclusion events 250 250
Pilates class 270 270
Larpool 1,000 1,000
5,336 1,000 (1,345) 4,991

Unrestricted Restricted Total
furrrls funds
2021 2021 2021
f. I
Fund balances at 31 December 2021 are represented by'
Tangible assets 974,545 2,126 976,671
Current assets/(liabilities) 109,412 1,104 110,516
Long term liabilities (3,000) (3,000)
1,080,957 3,230 1,084,187
Unrestricted Restricted Total
furids funds
2020 2020 2020
Fund balances at 31 December 2020 are represented by
Tangible assets 966,485 3,471 969,956
Current assets/(liabilities) 103,775 1,620 1()5295
Long term liabilities (6,000) (6,080)
1,064,260 4,991 1,069,751
2021 2020
6
Within one year 9,750 9,905
Between two and five years 39,000 505
in over five years 38,187
86,937 10,410