REGISTERED CHARITY NUMBER: 522619
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
Worton Rock Limited Chartered Accountants Churchfield House 36 Vicar Street Dudley West Midlands DY2 8RG
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
| 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 | 16 |
| Detailed Statement of Financial Activities | 17 |
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023
The trustees present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of 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 Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects and principal activities, which have remained unchanged during the year, are to promote the well-being of the community resident in the beneficial area by associating the local authorities, voluntary organisations and residents in a common effort to:
-
further health.
-
advance education.
-
provide facilities for physical and mental training and recreation and social, moral and intellectual development.
-
foster a community spirit for the achievement of these and other charitable objects.
-
maintain and manage or to co-operate with any local statutory authority or authorities in the maintenance and management of a community centre for activities promoted by the association and its constituent bodies in furtherance of the above objects or any of them.
The association continues to fund itself by rental income from the community centre, by investment income and by other special fund raising events. In addition the association administers funds for community groups.
In planning our activities for the year we kept in mind the Charity Commissions guidance on public benefit at our trustee meetings. The association will continue to support the community through the centre and its other activities.
Volunteers
Volunteers continue to provide much help and support in the life of the charity. Most volunteers arise from the management committee and are mainly used for fund raising activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
A few years ago, as Covid hit, our report commenced with 'Our year has seen the best of times & the worst of times'... maybe this year's report should have started ' The worst had yet to come!' There have been the odd 'better times' for instance negotiating the extension of the NHS Covid Jabs contract - this has allowed us to financially keep open our doors as our annual utility and insurance bills alone have soared to in excess of an unbelievable £18,000.
Then tragedy struck when in the space of days our dear President & Trustee Graham Debney suffered a major stroke just prior to our loved, long serving Trustee Linda Smith having to have emergency surgery - necessitating in a prolonged period of rehabilitation. (Both now assuring us of their intention to continue their support).
Yet more problems were to follow as our Bankers - NatWest - following the closure of their Kingswinford Branch & transferring us to Stourbridge then decided to close Stourbridge. Additional signatories were required which resulted in nine physical visits to Bank branches and somewhere in the region of 11 hours of telephone conversations / emails and online conversations with NatWest in London, Manchester & Birmingham.
Thank heavens for the resumption of our Annual Bazaar which raised the funds allowing us to continue as always - with our programme of the continued renewal and refurbishment of our premises, facilities & the financial subsidies of our Centre groups.
A very difficult and traumatic year especially when we realised some of our members still do not realise that although we have in many ways, a lot of support from our local Council - we are completely SELF financed.
However, although a very difficult year, we retain our equilibrium, our reputation as the heart of our village and our catch phrase 'STAY SAFE' everybody.
Page 1
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023
FINANCIAL REVIEW
Financial position
The charity had an excess of income over expenditure for the year of £26,838 (2022 - £19,606)
Reserves policy
It is the trustees' intention to maintain sufficient resources in the charity to cover day to day needs and retain a buffer against unexpected shortfalls in income and exceptional expenses which may occur from time to time. Reserves held at 31st March 2023 were as below. Further information on the reasons for holding the funds is contained in note 1 of the accounts.
| £ | |
|---|---|
| General Fund | 74,654 |
| Designated fund | 10,703 |
| Restricted fund - refurb costs | 5,000 |
| Restricted funds - Groups | 20,522 |
| 110,879 | |
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is governed by its constitution adopted in February 1940, as amended 23 June 2011, standing orders and a trust document dated 10 March 1975.
Recruitment and appointment of new trustees
New trustees are nominated and appointed at the Annual General Meeting, or co-opted to fill a vacancy.
Organisational structure
The association members discuss the performance of the association on a regular basis at council meetings. Proposals are voted upon and the outcome is implemented by the relevant member.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The charity has a risk policy document in place which is reviewed annually.
The charity has purchased insurance for the Trustees and officers of the charity against liability arising from wrongful acts in relation to the charity. The cost of this insurance amounted to £506 (2022 - £174).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
522619
Principal address
Community Centre The Green Wordsley Stourbridge West Midlands DY8 5BN
Page 2
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023
Trustees
Trustees who held office during the year are:
| Mrs J Blakeway | Chairman and Treasurer |
|---|---|
| Mr G Debney | President |
| Mrs B Gregory | |
| Mrs H Marshall | |
| Mr R Shaw | |
| Mrs L Smith |
Independent Examiner
Worton Rock Limited Chartered Accountants Churchfield House 36 Vicar Street Dudley West Midlands DY2 8RG
Bankers
National Westminster Bank Plc 141 High Street Stourbridge DY8 1BF
Approved by order of the board of trustees on 30th May 2023 and signed on its behalf by:
Mrs J Blakeway - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
Independent examiner's report to the trustees of Wordsley and District Community Association
I report to the charity trustees on my examination of the accounts of Wordsley and District Community Association (the Trust) for the year ended 31st March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I 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 I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
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.
D J Burrows
Worton Rock Limited Chartered Accountants Churchfield House 36 Vicar Street Dudley West Midlands DY2 8RG
30th May 2023
Page 4
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 101 Charitable activities Community Association 71,874 Other trading activities 3 2,365 Investment income 4 59 Total 74,399 EXPENDITURE ON Charitable activities Community Association 48,634 NET INCOME 25,765 Transfers between funds 11 (5,000) Net movement in funds 20,765 RECONCILIATION OF FUNDS Total funds brought forward 64,591 TOTAL FUNDS CARRIED FORWARD 85,356 |
Restricted funds £ 1,349 16,217 - - 17,566 16,493 1,073 5,000 6,073 19,450 25,523 |
2023 Total funds £ 1,450 88,091 2,365 59 91,965 65,127 26,838 - 26,838 84,041 110,879 |
2022 Total funds £ 12,114 |
|---|---|---|---|
| 60,610 | |||
| - | |||
| 2 | |||
| 72,726 | |||
| 53,120 | |||
| 19,606 | |||
| - | |||
| 19,606 | |||
| 64,435 | |||
| 84,041 |
The notes form part of these financial statements
Page 5
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
BALANCE SHEET 31ST MARCH 2023
| Unrestricted funds Notes £ CURRENT ASSETS Debtors 9 830 Cash at bank and in hand 91,103 91,933 CREDITORS Amounts falling due within one year 10 (6,576) NET CURRENT ASSETS 85,357 TOTAL ASSETS LESS CURRENT LIABILITIES 85,357 NET ASSETS 85,357 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 25,522 25,522 - 25,522 25,522 25,522 |
2023 Total funds £ 830 116,625 117,455 (6,576) 110,879 110,879 110,879 85,357 25,522 110,879 |
2022 Total funds £ 4,248 86,797 |
|---|---|---|---|
| 91,045 | |||
| (7,004) 84,041 84,041 |
|||
| 84,041 | |||
| 64,591 19,450 84,041 |
The financial statements were approved by the Board of Trustees and authorised for issue on 30th May 2023 and were signed on its behalf by:
J Blakeway - Trustee
The notes form part of these financial statements
Page 6
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
1. ACCOUNTING POLICIES
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 Ireland (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.
The financial statements are presented in the Pound Sterling rounded to the nearest pound (£).
The financial statements are prepared on a going concern basis as it is generating sufficient income to meet its liabilities.
The charity is a public benefit entity.
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.
Hire charges in respect of future periods are allocated to the period they relate to.
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 attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
It is the charity's policy to write off expenditure on refurbishment or purchase of equipment in the year in which it is incurred.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
The BB Fund has been designated by the trustees for purchase of equipment and expenditure on refurbishment.
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.
The grants received fund consists of various grants received for specific purposes.
The 200 Club is a fundraising group for purchase of equipment.
Group funds are funds belonging to various clubs and groups that the charity operates.
Donated goods and facilities
The charity operates from premises owned by Dudley MBC for which only a nominal rent is paid.
Donated goods for resale are recognised when the proceeds are received.
continued...
Page 7
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
1. ACCOUNTING POLICIES - continued
Donated goods and facilities
Volunteer time is not recognised in the accounts. Further information on their contribution can be found in the Trustees report.
Measurement basis for financial instruments
Cash and cash equivalents includes deposits held at call at banks.
Debtors and Creditors
Short term debtors and creditors are measured at transaction price, less any impairment.
Government grants
Government grants in relation to the Coronavirus Job Retention Scheme are recognised in the Statement of Financial Activities when the relevant expenditure has been incurred. Other government grants relating to the Coronavirus pandemic are recognised in the Statement of Financial Activities when the performance conditions are met and the Association is eligible for the grant.
2. DONATIONS AND LEGACIES
| Donations and grants Covid-19 support grants 3. OTHER TRADING ACTIVITIES Bazaar Sundry income 4. INVESTMENT INCOME Deposit account interest |
2023 £ 1,450 - 1,450 2023 £ 1,965 400 2,365 2023 £ 59 |
2022 | 2022 |
|---|---|---|---|
| £ | |||
| 722 11,392 12,114 |
|||
| 2022 | |||
| £ | |||
| - - |
|||
| - | |||
| 2022 | |||
| £ | |||
| 2 | |||
continued...
Page 8
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
5. SUPPORT COSTS
| SUPPORT COSTS | |
|---|---|
| Governance | |
| costs | |
| £ | |
| Community Association | 1,082 |
Support cost include £1,020 (2022 - £984) in respect of the Independent Examiners fee.
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.
Trustees' expenses
During the year the charity paid £1,596 (2022 - £2,143) to 1 trustee for expenses incurred on behalf of the charity. No other expenses were paid to trustees.
7. STAFF COSTS
| 2021 | 2021 | |
|---|---|---|
| Gross salaries | 14,152 | 14,201 |
| Employer's national insurance | - | - |
| Pension costs | - | - |
| 14,152 | 14,201 | |
| Average number of employees | 3 | 3 |
No employees received total emoluments greater than £60,000.
The total trustee and key management personnel remuneration and benefits were £Nil (2021 £Nil).
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 11,392 722 Charitable activities Community Association 53,246 7,364 Investment income 2 - Total 64,640 8,086 EXPENDITURE ON Charitable activities Community Association 43,840 9,280 NET INCOME/(EXPENDITURE) 20,800 (1,194) |
Total funds £ 12,114 60,610 2 |
|---|---|
| 72,726 | |
| 53,120 | |
| 19,606 |
continued...
Page 9
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ RECONCILIATION OF FUNDS Total funds brought forward 43,791 20,644 TOTAL FUNDS CARRIED FORWARD 64,591 19,450 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Prepayments 830 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Payments on account 40 Trade creditors 6,536 6,576 |
Total funds £ 64,435 |
|---|---|
| 84,041 | |
| 2022 £ |
|
| 4,248 | |
| 2022 £ |
|
| 160 | |
| 6,844 7,004 |
continued...
Page 10
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
11. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||||
|---|---|---|---|---|---|
| Net | Transfers | ||||
| movement | between | At | |||
| At 1/4/22 | in funds | funds | 31/3/23 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 49,924 | 24,706 | 24 | 74,654 | |
| BB Club | 14,667 | 1,060 | (5,024) | 10,703 | |
| 64,591 | 25,766 | (5,000) | 85,357 | ||
| Restricted funds | |||||
| 200 Club | 1,846 | 393 | - | 2,239 | |
| Bridge Club | 364 | (73) | - | 291 | |
| Monday afternoon indoor bowls | 1,129 | (341) | - | 788 | |
| Lively Ladies | 1,564 | (481) | - | 1,083 | |
| Mens Leisure Group | 947 | 631 | - | 1,578 | |
| Triple G's Club | 150 | (150) | - | - | |
| Wordsley History Society | 6,319 | 48 | - | 6,367 | |
| Gentle Exercise | 1,619 | (191) | - | 1,428 | |
| Wednesday Art | 171 | (116) | - | 55 | |
| Nifty Nineties | 913 | (493) | - | 420 | |
| Knit and Natter | 1,104 | (175) | - | 929 | |
| Thursday Badminton | 40 | (40) | - | - | |
| Wordsley Smiles | 3,056 | 25 | - | 3,081 | |
| Wednesday Seniors 50+ | 228 | 920 | - | 1,148 | |
| Badminton 3G | - | 55 | - | 55 | |
| Carol's Fund | - | 1,060 | - | 1,060 | |
| BB Club | - | - | 5,000 | 5,000 | |
| 19,450 | 1,072 | 5,000 | 25,522 | ||
| TOTAL FUNDS | 84,041 | 26,838 | - | 110,879 |
continued...
Page 11
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 73,129 | (48,423) | 24,706 |
| BB Club | 1,270 | (210) | 1,060 |
| 74,399 | (48,633) | 25,766 | |
| Restricted funds | |||
| 200 Club | 1,018 | (625) | 393 |
| Bridge Club | 1,569 | (1,642) | (73) |
| Monday afternoon indoor bowls | 1,690 | (2,031) | (341) |
| Lively Ladies | 445 | (926) | (481) |
| Mens Leisure Group | 2,892 | (2,261) | 631 |
| Triple G's Club | 1,173 | (1,323) | (150) |
| Wordsley History Society | 1,220 | (1,172) | 48 |
| Gentle Exercise | 1,225 | (1,416) | (191) |
| Wednesday Art | 979 | (1,095) | (116) |
| Nifty Nineties | 350 | (843) | (493) |
| Knit and Natter | 1,167 | (1,342) | (175) |
| Thursday Badminton | - | (40) | (40) |
| Wordsley Smiles | 25 | - | 25 |
| Wednesday Seniors 50+ | 2,458 | (1,538) | 920 |
| Badminton 3G | 295 | (240) | 55 |
| Carol's Fund | 1,060 | - | 1,060 |
| 17,566 | (16,494) | 1,072 | |
| TOTAL FUNDS | 91,965 | (65,127) | 26,838 |
continued...
Page 12
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1/4/21 | in funds | funds | 31/3/22 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 36,782 | 15,891 | (2,749) | 49,924 |
| BB Club | 7,009 | 4,909 | 2,749 | 14,667 |
| 43,791 | 20,800 | - | 64,591 | |
| Restricted funds | ||||
| 200 Club | 1,846 | - | - | 1,846 |
| Bridge Club | 237 | 127 | - | 364 |
| 50 Plus Group | 2,380 | (2,380) | - | - |
| Monday afternoon indoor bowls | 1,258 | (129) | - | 1,129 |
| Lively Ladies | 1,891 | (327) | - | 1,564 |
| Mens Leisure Group | 1,114 | (167) | - | 947 |
| Triple G's Club | 193 | (43) | - | 150 |
| Wordsley History Society | 6,044 | 275 | - | 6,319 |
| Tuesday Racketeers | 30 | (30) | - | - |
| Gentle Exercise | 1,537 | 82 | - | 1,619 |
| Wednesday Art | 60 | 111 | - | 171 |
| Tuesday Art | 51 | (51) | - | - |
| Nifty Nineties | 194 | 719 | - | 913 |
| Knit and Natter | 1,159 | (55) | - | 1,104 |
| Thursday Badminton | 40 | - | - | 40 |
| Wordsley Smiles | 2,610 | 446 | - | 3,056 |
| Wednesday Seniors 50+ | - | 228 | - | 228 |
| 20,644 | (1,194) | - | 19,450 | |
| TOTAL FUNDS | 64,435 | 19,606 | - | 84,041 |
continued...
Page 13
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 64,305 | (48,414) | 15,891 |
| BB Club | 335 | 4,574 | 4,909 |
| 64,640 | (43,840) | 20,800 | |
| Restricted funds | |||
| Bridge Club | 860 | (733) | 127 |
| 50 Plus Group | - | (2,380) | (2,380) |
| Monday afternoon indoor bowls | 1,108 | (1,237) | (129) |
| Lively Ladies | 91 | (418) | (327) |
| Mens Leisure Group | 688 | (855) | (167) |
| Triple G's Club | 828 | (871) | (43) |
| Wordsley History Society | 795 | (520) | 275 |
| Tuesday Racketeers | - | (30) | (30) |
| Gentle Exercise | 670 | (588) | 82 |
| Wednesday Art | 441 | (330) | 111 |
| Tuesday Art | - | (51) | (51) |
| Nifty Nineties | 1,134 | (415) | 719 |
| Knit and Natter | 711 | (766) | (55) |
| Wordsley Smiles | 446 | - | 446 |
| Wednesday Seniors 50+ | 314 | (86) | 228 |
| 8,086 | (9,280) | (1,194) | |
| TOTAL FUNDS | 72,726 | (53,120) | 19,606 |
continued...
Page 14
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | Transfers | |||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1/4/21 | in funds | funds | 31/3/23 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 36,782 | 40,597 | (2,725) | 74,654 | |
| BB Club | 7,009 | 5,969 | (2,275) | 10,703 | |
| 43,791 | 46,566 | (5,000) | 85,357 | ||
| Restricted funds | |||||
| 200 Club | 1,846 | 393 | - | 2,239 | |
| Bridge Club | 237 | 54 | - | 291 | |
| 50 Plus Group | 2,380 | (2,380) | - | - | |
| Monday afternoon indoor bowls | 1,258 | (470) | - | 788 | |
| Lively Ladies | 1,891 | (808) | - | 1,083 | |
| Mens Leisure Group | 1,114 | 464 | - | 1,578 | |
| Triple G's Club | 193 | (193) | - | - | |
| Wordsley History Society | 6,044 | 323 | - | 6,367 | |
| Tuesday Racketeers | 30 | (30) | - | - | |
| Gentle Exercise | 1,537 | (109) | - | 1,428 | |
| Wednesday Art | 60 | (5) | - | 55 | |
| Tuesday Art | 51 | (51) | - | - | |
| Nifty Nineties | 194 | 226 | - | 420 | |
| Knit and Natter | 1,159 | (230) | - | 929 | |
| Thursday Badminton | 40 | (40) | - | - | |
| Wordsley Smiles | 2,610 | 471 | - | 3,081 | |
| Wednesday Seniors 50+ | - | 1,148 | - | 1,148 | |
| Badminton 3G | - | 55 | - | 55 | |
| Carol's Fund | - | 1,060 | - | 1,060 | |
| BB Club | - | - | 5,000 | 5,000 | |
| 20,644 | (122) | 5,000 | 25,522 | ||
| TOTAL FUNDS | 64,435 | 46,444 | - | 110,879 |
Page 15
continued...
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
11. MOVEMENT IN FUNDS - continued
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 | |||
| General fund | 137,434 | (96,837) | 40,597 |
| BB Club | 1,605 | 4,364 | 5,969 |
| 139,039 | (92,473) | 46,566 | |
| Restricted funds | |||
| 200 Club | 1,018 | (625) | 393 |
| Bridge Club | 2,429 | (2,375) | 54 |
| 50 Plus Group | - | (2,380) | (2,380) |
| Monday afternoon indoor bowls | 2,798 | (3,268) | (470) |
| Lively Ladies | 536 | (1,344) | (808) |
| Mens Leisure Group | 3,580 | (3,116) | 464 |
| Triple G's Club | 2,001 | (2,194) | (193) |
| Wordsley History Society | 2,015 | (1,692) | 323 |
| Tuesday Racketeers | - | (30) | (30) |
| Gentle Exercise | 1,895 | (2,004) | (109) |
| Wednesday Art | 1,420 | (1,425) | (5) |
| Tuesday Art | - | (51) | (51) |
| Nifty Nineties | 1,484 | (1,258) | 226 |
| Knit and Natter | 1,878 | (2,108) | (230) |
| Thursday Badminton | - | (40) | (40) |
| Wordsley Smiles | 471 | - | 471 |
| Wednesday Seniors 50+ | 2,772 | (1,624) | 1,148 |
| Badminton 3G | 295 | (240) | 55 |
| Carol's Fund | 1,060 | - | 1,060 |
| 25,652 | (25,774) | (122) | |
| TOTAL FUNDS | 164,691 | (118,247) | 46,444 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2023.
Page 16
WORDSLEY AND DISTRICT COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations and grants | 1,450 | 722 |
| Covid-19 support grants | - | 11,392 |
| 1,450 | 12,114 | |
| Other trading activities | ||
| Bazaar | 1,965 | - |
| Sundry income | 400 | - |
| 2,365 | - | |
| Investment income | ||
| Deposit account interest | 59 | 2 |
| Charitable activities | ||
| Room rents | 70,607 | 53,074 |
| Community groups income | 16,884 | 7,536 |
| Grants | 600 | - |
| 88,091 | 60,610 | |
| Total incoming resources | 91,965 | 72,726 |
| EXPENDITURE | ||
| Charitable activities | ||
| Clerical assistance | 8,577 | 7,965 |
| Community groups expenditure | 16,704 | 19,174 |
| Insurance and leases | 1,602 | 2,115 |
| Light, heat and water | 14,653 | 9,027 |
| Telephone | 1,497 | 721 |
| Printing,post and stationery | 1,613 | 699 |
| Miscellaneous | 2,560 | 3,628 |
| Cleaning and caretaking | 5,746 | 6,250 |
| Maintenance and repairs | 11,093 | 3,812 |
| Performing Rights | - | (1,255) |
| 64,045 | 52,136 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 1,082 | 984 |
| Total resources expended | 65,127 | 53,120 |
| Net income | 26,838 | 19,606 |
This page does not form part of the statutory financial statements
Page 17