New Ingrebourne Trust
Trustees' Report and Accounts for the Year Ended 31 December 2021
New Ingrebourne Trust
Contents of the Trustees' Report and Accounts for the Year Ended 31 December 2021
| Page | |
|---|---|
| Report of the Trustees | 2-3 |
| Independent Examiner's Report | 4 |
| Receipts and Payments Account | 5 |
| Balance Sheet | 6 |
| Notes to the Receipts and Payments Account | 7-8 |
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New Ingrebourne Trust Year Ended 31 December 2021 Report of the Trustees
The Trustees have pleasure in presenting their report and financial statements for the year ended 31 December 2021.
The New Ingrebourne Trust is a registered charity number 1042768 constituted under a Trust Deed executed on 7 November 1994.
Aims and Objectives
The aims of the Trust are to support and facilitate the work of St Peter's Church in the local community by helping to both strengthen and build the cohesion in the community, recognising the value of the local church taking an active role in the community.
Activites
In 1995, the Local Authority granted to the Trust a ten year lease on a local social hall. The hall was refurbished and opened as the Ingrebourne Centre in April 1996.
The Trust signed a new lease for a further 20 years with effect from 1 April 2006.
The Trust maintains the Ingrebourne Centre and the external area to a good standard along with other property that is held to house ministry staff employed by St Peter's.
A review of the use of the building resulted in a plan to redevelop the Ingrebourne Centre to expand its operations into more of a general facility for the people of the area. This would allow it to operate as a meeting centre for local people, community groups and other Christian action groups who will be able to hire rooms in the centre, and where they can also enjoy food and drinks in the not-for-profit coffee shop.
The Trust were able to raise funds and modernise the Ingrebourne Centre, with the help of various contractors and volunteers. The redeveloped Centre opened as a Community Hub to provide a building where the community can come together both formally in using the meeting rooms, and informally to use the redesigned refreshment area
The main redevelopment work was completed and the Hub had been first able to open in January 2020. Due to COVID-19 restrictions, there have been periods where the Hub was shut completely or could only provide a take-away service.
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New Ingrebourne Trust Year Ended 31 December 2021 Report of the Trustees - continued
The smooth day to day running and maintenance of the centre is ensured through the work of the Hub Manager, with a small numbert of other staff, with extra assistance being provided by a number of wonderful volunteers.
The Trust also provides housing support for a member of the ministry team at St Peter's Church.
Results for the Year
As at 31 December 2021, the receipts and payments account showed net expenditure during the year of £21,214. Grants and donations received in the year for this development total £7,111 and rental income for 8 Archibald Road was £12,000. Expenditure in the year relating to the development was £5,447. Catering income in the Hub was £82,691 excluding VAT and furlough grants were £9,630. Other expenditure was £127,119. The restricted fund balance for the Ingrebourne Community Hub project has been fully utilised as at the year-end. The unrestricted funds balance at the end of the year of £7,581 is available to support the future activities of the charity and fund the Hub project and ongoing maintenance and renovations of the freehold property owned by the Trust.
Trustees
The Trustees since 1 January 2021 are as follows: David Banting (rersigned 26 May 2022) Alan Gray (resigned 26 May 2022) Larry Morris Andrew Rogers Kevyn Davies-Jones Stuart Brooks Robert Hudson (appointed 26 May 2022) Amanda Stoddart (appointed 26 May 2022)
Statement of Trustees' Responsibilities
The Trustees are responsible for keeping the proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust. They are also responsible for safeguarding the assets of the Trust and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the Trustees
Stuart Brooks 27 October 2022
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Independent Examiner's Report to the Trustees of The New Ingrebourne Trust
I report on the accounts of the Trust for the year ended 31 December 2021, which are set out in the attached pages.
Respective responsibilities of trustees and examiner
As charity trustees, you are responsible for the preparation of the accounts; you consider that the audit requirements of section 43(2) of the Charities Act 1993 does
It is my responsibility to state, on the basis of procedures specified in the general directions given by the Charity Commissioners undersection 43(7b) of the Act, whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the general directions given by the Charity Commissioners. An examoination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanation fom you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by these accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements have
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to keep accounting records in accordance with section 41 of the Act; and
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to prepare accounts which accord with the accounting records and to comply with accounting requirements of the Act.
Allan Muns 30 Arundel Road Harold Wood Romford RM3 0RT 27 October 2022
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New Ingrebourne Trust Receipts and Payments Account for the Year Ended 31 December 2021
| UNRESTRICTED | RESTRICTED | TOTAL | TOTAL | ||
|---|---|---|---|---|---|
| Note | FUNDS | FUNDS | 2021 | 2020 | |
| £ | £ | £ | £ | ||
| RECEIPTS | |||||
| INCOME RECEIPTS | |||||
| Rent and service charge | 12,000 | - | 12,000 | 12,000 | |
| Grants and Donations for the | |||||
| Community Hub | 7,111 | - | 7,111 | 24,275 | |
| Catering sales | 1 | 82,691 | - | 82,691 | 20,823 |
| Furlough grants | 9,630 | - | 9,630 | 12,047 | |
| Sale of equipment | - | - | - | - | |
| TOTAL RECEIPTS | 111,432 | 0 | 111,432 | 69,145 | |
| PAYMENTS | |||||
| OPERATING COSTS | |||||
| Property improvement and | |||||
| equipment | 2,157 | 3,290 | 5,447 | 25,542 | |
| 8 Archibald Road expenses | - | - | - | 180 | |
| Ingrebourne Centre payments | 1 | 127,199 | - | 127,199 | 61,467 |
| TOTAL PAYMENTS | 129,356 | 3,290 | 132,646 | 87,189 | |
| NET RECEIPTS | |||||
| /(PAYMENTS) | (17,924) | (3,290) | (21,214) | (18,044) | |
| FUND BALANCES | |||||
| BROUGHT FORWARD | 400,505 | 3,290 | 403,795 | 421,839 | |
| FUND BALANCES | |||||
| CARRIED FORWARD | 382,581 | - | 382,581 | 403,795 |
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New Ingrebourne Trust Statement of Assets and Libilities as at 31 December 2021
| ASSETS Property (note 2) Debtors Bank and cash balances TOTAL ASSETS LIABILITIES Creditors (note 3) NET ASSETS RESERVES Revaluation Reserve (note 2) Designated Reserve Restricted Reserves Restricted Reserves - opening position Grants and Donations for the Hub Less expenditure for the Hub Restricted Reserves - closing position Unrestricted Reserves - opening position Movement in reserves Unrestricted Reserves - closing position TOTAL RESERVES On behalf of the Trustees |
TOTAL TOTAL 2021 2020 £ £ 375,000 375,000 - 784 13,161 40,027 388,161 415,811 (5,580) (12,016) 382,581 421,839 270,296 270,296 104,704 104,704 3,290 11,232 - 17,600 (3,290) (25,542) - 3,290 25,505 35,607 (17,924) (10,102) 7,581 25,505 382,581 403,795 |
|---|---|
Stuart Brooks 27 October 2022
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New Ingrebourne Trust Note to the Receipts and Payments Account for the Year Ended 31 December 2021
| Note 1 Ingrebourne Centre Hub RECEIPTS Catering sales PAYMENTS Cost of catering sales Salaries Utilities Rent Other hub expenses NET OPERATING OUTGOINGS |
2021 2020 £ £ 82,691 20,823 82,691 20,823 40,477 12,229 64,726 35,884 7,578 6,064 3,490 3,490 10,928 3,800 127,199 61,467 (44,508) (40,644) |
|---|---|
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New Ingrebourne Trust Note to the Receipts and Payments Account for the Year Ended 31 December 2021
Note 2 Revaluation Reserve
The property 8 Archibald Road following major improvement works, was revalued, by the former Trustee Alan Gillard as at 31 December 2006 at £250,000. The property was revalued by Delaney Property Limited, Estate Agents at £375,000 as at 31 December 2017.
| Value as at 31 December 2005 Property improvements 2006 Change in value in 2006 (revaluation reserve) Value as at 31 December 2006 to 31 December 2016 Change in value in 2017 (revaluation reserve) Value as at 31 December 2017 to 31 December 2021 |
£ 80,600 24,104 145,296 250,000 125,000 375,000 |
|---|---|
Note 3 Creditors
| St Peter's Church creditor 1 January 2021 Rent receivable from St Peter's Church Cross charges for the year Payments to St Peter's Church St Peter's Church creditor 31 December 2021 Taxation and social security Other Creditors |
£ 12,016 (12,000) 42,681 (39,751) 2,946 1,714 920 5,580 |
|---|---|
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