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2022-03-31-accounts

Charity No 1069992

Buckland Old School Trust

Trustees’ Reports and Accounts

For the Year Ending 31[st] March 2022.

Buckland Old School Trust

Charity No 1069992

Contents Page No
Charity Information 3
Trustees’ Report 4-6
Independent Examiner’s Report 7
Income and Expenditure Report 8
Notes to the Accounts 9
Expenditure Report 10

Buckland Old School Trust

Charity No 1069992

Charity Information

Trustees Carole Paternoster Philip Hedges Pauline Graves Reverend Sally Bottomer Nigel Hayward Charity No 1069992 Charity Offices Queensmead Buckland Near Aylesbury HP22 5HZ Independent Examiner KDA Accountants Ltd 9 Bessemer Crescent Aylesbury HP19 8TF Bankers Lloyds & Nat West Banks PLC

Buckland Old School Trust

Charity No 1069992

The Trustees present their report and account for the year ending 31[st] March 2022

Trustees

The Trustees named on page 1 of this report have served the charity throughout the financial year except where stated. Appointment of the Trustees’ is governed by its constitution of the charity. The board of Trustees is authorised to appoint new Trustees’ to fill vacancies arising through the resignation or death of an existing Trustee.

Investment Powers

The Trustees’ have been empowered to make investments on behalf of the charity through a trust deed.

Constitution, Objects and Policies

Activities and Achievements

Rental of the cottage in the grounds. Hall activities are to hire the hall for various local societies, clubs and parties

Key member of staff, there is no key member of staff as there are no employees.

The trustees are on continual training to keep abreast with current charity commission legislation

Buckland Old School Trust

Charity No 1069992

Trustees’ Report for The Year Ending 31[st] March 2022

Over the past year there have been no changes to the trustees but with the continued hard work all past and present trustees, the hall is maintained and provides a quality service to local community groups.

Statement of Trustees Responsibilities

The Trustees are required under the constitution of the charity to prepare financial statements for each financial year.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.

Reserves

The Trustees’ consider that reserves held are sufficient to continue the support of the Buckland Old School Trust in future years.

Risk

The Trustees actively review the major risks which the charity faces on a regular basis and have also examined other operational and business risks faced by the charity. The Trustees confirm that they have established systems to mitigate the significant risk.

Approval

This report was approved by the Trustees on the ___ and signed by the Treasurer on their behalf.

Date______

Chairperson

Charity No 1069992

Independent Examiners Report

I am reporting to the Trustees’ of Buckland Old School Trust on the accounts for the years end 31[st] March 2020, as set out in pages 8 to 10 of this report.

Respective Responsibilities of the Trustees’ and Examiner

The charity’s Trustees consider that an audit is not required for their accounts under section 43(2) of the charities act 1993, and that an independent review is required.

It is my responsibility.

Basis on Independent Examiners’ Report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination 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 from the Trustees’ concerning 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 of the accounts.

Independent Examiner’s Statement

During my examination, there were items that came to my attention, these have been addressed for forthcoming accounts.

Which gives me no reasonable cause to believe that, in any material respect, the Trustees have met the requirement to ensure that.

Proper accounting records are kept in accordance with section 41 of the act.

Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the act.

To which in my opinion, attention should be drawn in order to obtain a proper understanding of the accounts to be reached.

I can confirm that none of the Trustees or related parties have gained any advantage or have been paid by the charity for any services.

Signed: ____ Date___

KDA Accountants.

Charity No 1069992

Income and Expenditure for the year ending 31[st] March 2022

Income
Hire of Hall
House Rental Income
Interest /Other
Refunds
Total
Cost of Sales
Commission
Charitable Expense
Total
Gross Profit / Loss
Distribution Costs
Administration Costs
Other Operating Costs
Surplus / Loss on Ordinary Activities
Represented By:
Balance BFD
Surplus / Loss
Current Accounts
Balance TBCF
Reserves
Balance BFD
Reserve Accounts
Balance		 Year To
2022
£
15,078
12,523
0
3,102
30,703
0
0
0
30,703
0
-16,809
0
-16,809
13,894
40,226
13,894
51,018
10,799
105,192
115,991		 Year To
2021
£
876
11,377
13
0
12,266
0
0
0
12,266
0
-16,252
-375
-16,627
-4,361
44,588
-4,361
40,227
40,227
64965
105,192

Charity No 1069992

Buckland Old School Trust

Notes to the Accounts for the Year Ending 31[st] March 2022

1. Accounting Policies

Bases of Preparation of Accounts

The accounts are prepared on the receipts and payments basis and include the results of the charity’s operations which are described by the Trustees’ report, all of which are continuing.

The charity has taken advantage of the exemption in financial reporting standard number 1, from the requirement to produce a cash flow statement on the grounds that it qualifies as a small charity.

Income

All income is accounted for as received by the charity. The income is shown gross, with the associated costs included in the expenses, except for items where the charity receives money for re-imbursement for costs expended. Income coming from under these headings is deducted from the expenditure to which it relates.

Value Added Tax

VAT is not recoverable by the charity and as such is included in the relevant costs in the receipt and payments account.

Study Grants Restricted income and Expenditure

The charity restricted revenue has been expended properly throughout the year.

Chairperson

Date

Charity No 1069992

This Page Does Not Form Part of the Accounts and Is for Information Only Detailed Expenditure Report for the Year 31[st] March 2022.

BOST BANK ACCOUNTS AS AT 31ST MARCH 2021 Accounts
Lloyds Treasurers Account £43,379.18 £37,414.23
Lloyds Bus. Instant
Account		 £50,690.23 50684.77
Nat West Current Account £7,638.35 £2,811.43
Nat West Business
Reserve		 £14,283.14 14281.7
Total £115,990.90 £105,192.13