**REGISTERED CHARITY NUMBER: 1048799**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2023**
## **FOR**
**COVENTRY ROUND TABLE CHARITABLE TRUST FUND**
**COVENTRY ROUND TABLE CHARITABLE TRUST FUND**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5|
|**Notes to the Financial Statements**|6 to 11|
**COVENTRY ROUND TABLE CHARITABLE TRUST FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 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 aims and objects of Coventry Round Table Charitable Trust are those of the Round Table movement as a whole.
The charity is established to enhance the community life of the inhabitants of Coventry and the surrounding area by providing facilities and promoting community projects of a charitable nature.
Coventry Round Table Charitable Trust operates on a voluntary basis.
The Trustees have had due regard to guidance published by the Charities Commission on public benefit.
The objectives are to:
Promote fellowship and service to the local community.
## **Significant activities**
Skinflint Rally was again held during the year but each team were responsible for their own fundraising. As a result the team entry fees and costs of holding the event were included in these financial statements, but not the donations received or donations paid to the charitable causes.
The sleigh was used to undertake an Easter sleigh in order to raise funds for Ukraine.
## **ACHIEVEMENT AND PERFORMANCE**
A summary of the main achievements and performance during the year is included within the financial review.
## **FINANCIAL REVIEW**
## **Principal funding sources**
Coventry Round Table Charitable Trust Fund is a registered charity which aims to promote fellowship amongst it members and the wider community and to benefit the public by providing services and support to good causes in and around Coventry.
Various fundraising activities have been undertaken to raise funds for charitable purposes.
The charity owns a house in Morecambe which has been rented out to a tenant during the year and is being managed by an agent. A surplus of £5,921 (2022: £144 deficit) was received during the year.
Other successful fundraising events included the Christmas sleigh and Ukraine sleigh appeal.
A surplus of £28,332 (2022: £10,998) has been made in the year after an investment property revaluation of £20,000 (2022: £15,000).
Page 1
**COVENTRY ROUND TABLE CHARITABLE TRUST FUND**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **FINANCIAL REVIEW**
## **Investment policy and objectives**
As the object of fundraising activities is to provide the means to make donations to worthy local causes it is not anticipated that funds will be retained for the long term. Therefore, surplus funds should be available on 30 days notice.
## **Grant-making policy**
The charity receives many requests for support from all aspects of Society. All requests are considered by the members at general meetings, but the emphasis is very much on supporting the local community.
## **Reserves policy**
The charity has established a policy of retaining a reserve of £5,000 as a provision against unforeseen maintenance work arising on the Morecambe property.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
Trustees are elected on an annual basis, with the officers being elected from the membership of the Table. The Annual General Meeting is held in April each year.
## **Organisational structure**
The charity was established by Trust Deed dated 4 August 1995 and is registered with the Charity Commission.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1048799
## **Principal address**
1-2 Mercia Business Village Torwood Close Westwood Business Park Coventry CV4 8HX
## **Trustees**
P Farmer T Hewitt W Green A Rogerson
Approved by order of the board of trustees on ............................................. and signed on its behalf by: 2 January 2024
......... **........................** ................................ P Far **mer - Trustee**
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
COVENTRY ROUND TABLE CHARITABLE TRUST
FUND
Indendent examinerfs rnport to the trustses of Coventy Round Table Charitsble Trust Fund
I report to the charity twstees on my examin3b.on of the accounts of Coventy Round Table charitab Trust
Fund (the Tnjsl) for the year end8d 31 March 2023.
Resp¢nslbllfties and basis of report
As the charity trustees of the Trust you are responsible for the preparydtron of the a¢xounts in accordance with
the requirements of the Charit*5 Act 2011 fthe Arfl.
I report in respeet of my examination of the Tnjsvs accounts cafti&J out under Section 145 of the Act and in
carying out my examination I have followed all applicable Directions gwen by the Chanty Commission under
Section 145lSllbl of the Act.
Indep•ndent •xamln•rfs statsment
I have completed my 8xaminab"on. l Confim) that no material matter5 have eome to my attention in connection
with the examinakn.on giving me eause lo believe that in any material respecL
accounting records were not kept in speCt of the Trust as required ty Section 130 of the ACL or
the accounts do not accord with those records., ot
the acttjunls do not comply wth the applicabk requirements cnming the fom) and content of
accounts set out tn the Charibes IAc¢ounts and Rèports) Regulations 2008 other than any requirement
that the acrounts give 8 true and tsir wew which is not a matter LY)nstdered as part of an independent
gxamination.
I have no concems and have come across rK) olher matters in connection with the examination lo which
attention should be drawn in this pOrt in order to enable a proper understarKting of the accounts to be
reached.
Michael JellicA)e
Date".
Page 3
**COVENTRY ROUND TABLE CHARITABLE TRUST FUND**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
|**2023**
Unrestricted
Restricted
**Total**
fund
fund
**funds**
Notes
£
£
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**1,139**
**-**
**1,139**
Other trading activities
2
**17,963**
**6,265**
**24,228**
Investment income
3
**8,425**
**-**
**8,425**
**Total**
**27,527**
**6,265**
**33,792**
**EXPENDITURE ON**
Raising funds
4
**6,034**
**507**
**6,541**
**Charitable activities**
Donations
**13,103**
**5,816**
**18,919**
**Total**
**19,137**
**6,323**
**25,460**
Net gains on investments
**20,000**
**-**
**20,000**
**NET INCOME/(EXPENDITURE)**
**28,390**
**(58)**
**28,332**
**Transfers between funds**
10
**(58)**
**58**
**-**
**Net movement in funds**
**28,332**
**-**
**28,332**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**138,863**
**-**
**138,863**
**TOTAL FUNDS CARRIED FORWARD**
**167,195**
**-**
**167,195**|2022
Total
funds
£
485
39,395
5,226|
|---|---|
||45,106|
||10,794
38,324|
||49,118|
||15,000|
||10,988
-|
||10,988
127,875|
||138,863|
The notes form part of these financial statements
Page 4
**COVENTRY ROUND TABLE CHARITABLE TRUST FUND**
## **BALANCE SHEET 31 MARCH 2023**
|Unrestricted
Restricted
fund
fund
Notes
£
£
**FIXED ASSETS**
Investment property
7
**140,000**
**-**
**CURRENT ASSETS**
Debtors
8
**1,000**
**-**
Cash at bank
**30,237**
**4,169**
**31,237**
**4,169**
**CREDITORS**
Amounts falling due within one year
9
**(4,042)**
**(4,169)**
**NET CURRENT ASSETS**
**27,195**
**-**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**167,195**
**-**
**NET ASSETS**
**167,195**
**-**
**FUNDS**
10
Unrestricted funds
**TOTAL FUNDS**|**2023**
**Total**
**funds**
**£**
**140,000**
**1,000**
**34,406**
**35,406**
**(8,211)**
**27,195**
**167,195**
**167,195**
**167,195**
**167,195**|2022
Total
funds
£
120,000
507
26,817
27,324
(8,461)
18,863
138,863
138,863
138,863
138,863|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 2 January 2024
... **........................** .................. P **Farmer - Trust** ee
The notes form part of these financial statements
Page 5
**COVENTRY ROUND TABLE CHARITABLE TRUST FUND**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 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, as modified by the revaluation of certain assets.
The financial statements are presented in Sterling (£).
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **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 attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Investment property**
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
## **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.
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.
Page 6
continued...
**COVENTRY ROUND TABLE CHARITABLE TRUST FUND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **2. OTHER TRADING ACTIVITIES**
|Carol Singing
Skinflint
Ladies Night
Ukraine appeal
Past Chairman's Night
**3.**
**INVESTMENT INCOME**
Rents received
Deposit account interest
**4.**
**RAISING FUNDS**
**Investment management costs**
Property management
Property expenses|**2023**
**£**
**15,183**
**3,030**
**354**
**5,435**
**226**
**24,228**
**2023**
**£**
**8,415**
**10**
**8,425**
**2023**
**£**
**1,010**
**1,484**
**2,494**|2022
£
9,202
30,193
-
-
-|2022
£
9,202
30,193
-
-
-|
|---|---|---|---|
|||39,395||
||||2022
£
5,225
1|
||||5,226|
||||2022
£
584
4,785|
||||5,369|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Page 7
continued...
**COVENTRY ROUND TABLE CHARITABLE TRUST FUND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
|**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
485
Other trading activities
9,202
Investment income
5,226
**Total**
14,913
**EXPENDITURE ON**
Raising funds
5,869
**Charitable activities**
Donations
13,056
**Total**
18,925
Net gains on investments
15,000
**NET INCOME**
10,988
**RECONCILIATION OF FUNDS**
Total funds brought forward
127,875
**TOTAL FUNDS CARRIED FORWARD**
138,863
**7.**
**INVESTMENT PROPERTY**
**FAIR VALUE**
At 1 April 2022
Revaluation
At 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022
The trustees valued the property at 31 March 2023.|Restricted
fund
£
-
30,193
-
30,193
4,925
25,268
30,193
-
-
-
-|Total
funds
£
485
39,395
5,226
45,106
10,794
38,324
49,118
15,000
10,988
127,875
138,863
**£**
**120,000**
**20,000**
**140,000**
**140,000**
120,000|Total
funds
£
485
39,395
5,226|
|---|---|---|---|
||||45,106|
||||10,794
38,324|
||||49,118|
||||15,000|
||||10,988
127,875|
||||138,863|
Page 8
continued...
**COVENTRY ROUND TABLE CHARITABLE TRUST FUND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **7. INVESTMENT PROPERTY - continued**
|Fair value at 31 March 2023 is represented by:
Valuation in 2012
Valuation in 2020
Valuation in 2022
Valuation in 2023
Cost
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**10.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.4.22
in funds
£
£
**Unrestricted funds**
General fund
**138,863**
**28,390**
**Restricted funds**
Restricted
**-**
**(58)**
**TOTAL FUNDS**
**138,863**
**28,332**
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
**27,527**
**(19,137)**
**Restricted funds**
Restricted
**6,265**
**(6,323)**
**TOTAL FUNDS**
**33,792**
**(25,460)**|**£**
**51,144**
**25,000**
**15,000**
**20,000**
**28,856**
**140,000**
**2023**
2022
**£**
£
**1,000**
507
**2023**
2022
**£**
£
**8,211**
8,461
Transfers
between
At
funds
31.3.23
£
£
**(58)**
**167,195**
**58**
**-**
**-**
**167,195**
Gains and
Movement
losses
in funds
£
£
**20,000**
**28,390**
**-**
**(58)**
**20,000**
**28,332**|
|---|---|
Page 9
continued...
**COVENTRY ROUND TABLE CHARITABLE TRUST FUND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **10. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
||||||Net||
|---|---|---|---|---|---|---|
||||||movement|At|
|||||At 1.4.21|in funds|31.3.22|
|||||£|£|£|
|**Unrestricted funds**|||||||
|General fund||||127,875|10,988|138,863|
|**TOTAL FUNDS**||||127,875|10,988|138,863|
|Comparative net movement in funds, included in the above are as follows:|||||||
||Incoming||Resources||Gains and|Movement|
||resources|||expended|losses|in funds|
|||£||£|£|£|
|**Unrestricted funds**|||||||
|General fund||14,913||(18,925)|15,000|10,988|
|**Restricted funds**|||||||
|Restricted||30,193||(30,193)|-|-|
|**TOTAL FUNDS**||45,106||(49,118)|15,000|10,988|
|A current year 12 months and prior year 12 months combined position is as|||||follows:||
|||||Net|Transfers||
||||movement||between|At|
|||At 1.4.21||in funds|funds|31.3.23|
|||£||£|£|£|
|**Unrestricted funds**|||||||
|General fund|127,875|||39,378|(58)|167,195|
|**Restricted funds**|||||||
|Restricted||-||(58)|58|-|
|**TOTAL FUNDS**|127,875|||39,320|-|167,195|
Page 10
continued...
**COVENTRY ROUND TABLE CHARITABLE TRUST FUND**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **10. 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|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|42,440|(38,062)|35,000|39,378|
|**Restricted funds**|||||
|Restricted|36,458|(36,516)|-|(58)|
|**TOTAL FUNDS**|78,898|(74,578)|35,000|39,320|
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2023.
Page 11