## REGISTERED CHARITY NUMBER: 107I442
Report of the Trustees and Financial Statements for
the Year Ended 3lst December 2020
for
Vernon Club Charitable Trust (Stourport Masonic Hall)
## **Vernon Club Charitable Trust**
Contents of the Financial Statements for the Year Ended 31st December 2020
||Page|
|---|---|
|Report of the Trustees|1|
|Independent Examiners’ Report|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the Financial Statements|5 to 6|
|Detailed Statement of Financial Activities|7|
## **Vernon Club Charitable Trust**
## **Report of the Trustees for the Year Ended 31st December 2020**
The trustees present their report with the financial statements of the charity for the year ended 31st December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number** 1071442
## **Premises address**
Stourport Masonic Hall, Severn Road, Stourport-on-Severn DY13 9HB
## **Correspondence Address**
C/o. 1 Southgate Close, Kidderminster DY11 6JN
## **Trustees**
MJ Bartels
MV Burton
PV Ravenhill
JA Stinton
## **Independent examiners**
## **RA Britton and JR Gaston**
## **Stourport on Severn**
10-Mar-2022
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## **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.
Approved by order of the board of trustees on 17-Mar-2022 and signed on its behalf by:
Michael J Bartels – Trustee
Page 1
## **Independent Examiner's Report to the Trustees of Vernon Club Charitable Trust**
We report on the accounts for the year ended 31st December 2020 set out on pages three to six.
## **Respective responsibilities of trustees and examiners**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144 (2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is our responsibility to:
- examine the accounts under Section 145 of the 2011 Act
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
Our 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 explanations from 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 no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.
## **Independent examiner's statement**
In connection with our examination, no matter has come to our attention:
- (1) which gives us reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with Section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **RA Britton and JR Gaston**
## **Stourport-on-Severn**
10-Mar-2022
Page 2
## **Vernon Club Charitable Trust**
|Statement of Financial Activities|Statement of Financial Activities|Statement of Financial Activities|||
|---|---|---|---|---|
|for the Year Ended 31st December 2020|||||
||Notes|Unrestricted|Restricted|Total|
|||Fund|Fund|Funds|
|||£|£|£|
|INCOMING RESOURCES|||||
|**Incoming resources from generated**|||||
|**funds**|||||
|Voluntary income||0|0|0|
|Activities for generating funds|2|21,835|0|21,835|
|Investment income|3|5,428||5,428|
|**Incoming resources from charitable**|||||
|**activities**|||||
|Sundry Room Hire|2|760||760|
|Other incoming resources (Gift Aid)|||0|0|
|**Total incoming resources**||28,023|0|28,023|
|RESOURCES EXPENDED|||||
|**Costs of generating funds**|||||
|Costs of operating rooms||10,861|0|10,861|
|Other resources expended||0|0|0|
|**Total resources expended**||10,861|0|10,861|
|NET INCOMING/(OUTGOING) RE-
SOURCES||17,162|0|17,162|
|RECONCILIATION OF FUNDS|||||
|**Total funds brought forward**||**26,593**|**16,025**|**42,618**|
|TOTAL FUNDS CARRIED FORWARD|6|**43,755**|**16,025**|**59,780**|
|The notes form part of these financial statements|||||
|Page 3|||||
## **Vernon Club Charitable Trust**
## Balance Sheet
## As at 31st December 2020
||Notes|Unrestricted|Restricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||Fund|Fund||Funds||
|||£|£||£||
|**CURRENT ASSETS**|||||||
|Cash at bank||43,755||16,025||59,780|
|NET CURRENT ASSETS||43,755||16,025||59,780|
|TOTAL ASSETS LESS
CURRENT LIABILITIES||43,755||16,025||59,780|
|NET ASSETS||43,755||16,025||59,780|
|**FUNDS**|||||||
|Unrestricted funds||43,755||||43,755|
|Restricted funds||||16,025||16,025|
|**TOTAL FUNDS**||43,755||16,025||59,780|
The financial statements were approved by the Board of Trustees on 17-Mar-2022 and were signed on its behalf by:
JA Stinton Trustee MJ Bartels Trustee
The notes form part of these financial statements
Page 4
## **Vernon Club Charitable Trust**
## **Notes to the Financial Statements for the Year Ended 31st December 2020**
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
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.
## **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.
## **2. ACTIVITIES FOR GENERATING FUNDS**
||Lodge capitation fees|£11,835|
|---|---|---|
||COVID-19 Grant|£10,000|
||Room hire|£760|
|**3.**|**INVESTMENT INCOME**||
||Rents from flat|£5,400|
||Bank Interest|£28|
|**4.**|**TRUSTEES' REMUNERATION AND BENEFITS**There were no trustees' re-||
||muneration or other benefits for the year ended 31st December 2020**.**||
||**Trustees' expenses**||
There were no trustees' expenses paid for the year ended 31st December 2020.
## **5. STAFF COSTS**
There were no employees during the year.
Page 5
## **Vernon Club Charitable Trust**
## **Notes to the Financial Statements for the Year Ended 31st December 2020**
## **6. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|||Net||
||At 1-Jan-20|movement|At 31-Dec-20|
|||in funds||
|**Unrestricted funds**|26,593|17,162|43,755|
|General fund||||
|**Restricted funds**|16,024|0|16,024|
|Building fund||||
|TOTAL FUNDS|42,617|17,162|59,779|
|Net movement in funds, included in the above are as||||
|follows :||||
||Incoming|Resources|Movement in|
||resources|expended|funds|
|**Unrestricted funds**|28,023|10,861|17,162|
|General fund||||
|**Restricted funds**|0|0|0|
|Building fund||||
|TOTAL FUND MOVEMENTS|28,023|10,861|17,162|
Page 6