Company number 03616400 Charity number 1076557
Loddon Buildings Preservation Trust
Unaudited Accounts Year Ended 31st December 2021
Loddon Buildings Preservation Trust Trustees Report Year Ended 31[st] December 2021
The trustees present their report and the unaudited accounts of the charity for the year ended 31[st] December 2021.
Reference and administration details
Registered charity name: Loddon Buildings Preservation Trust
Charity registration number: 03616400
Registered office: The Hollies, 10 High Street, Loddon, Norfolk, NR14 6AH
The trustees/directors who served the charity though the period and to the date of this report: Laurence Dainty Derek Land Sophie Garrett Margaret Shearmur Louisa Yallop
No trustees were paid any remuneration or claimed expenses in connection with their duties in the year.
Accountant: Headspace Accountancy Ltd, 2 Yarmouth Road, Hales, Norfolk, NR14 6SP
Structure, governance and management
The charity is incorporated charity governed by a charitable deed. The trustees are responsible for the running and the maintenance of the facilities. The trustees meet monthly. There are currently five trustees. More trustees are required to manage the building and to take on the renovation that the building requires.
Objectives
The aim of the trust is to maintain some of Loddon's community buildings and keep them open for the use of community clubs and activities.
Review of activities
Throughout the year, work continued to develop the contract with the Nursery for a long lease.
Rental and development activities were limited by the Covid 19 pandemic. Financially, Covid relief grants made up for the loss of rent.
Volunteers
Larry Dainty spends about six hours a month taking bookings, showing new users around and generally caretaking both the Hollies and Nursery buildings.
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Future plans
Despite constant efforts, no further progress has been made to build a team to renovate the Hollies building. In the absence of any volunteers coming forward to help, the trustees are expecting to use a consultant to develop the strategy for the building and, based upon this, put together a bid for grant funding. The work on the strategy is expected to commence in the autumn of 2022.
Financial review
The financial statements show the current state of affairs.
Reserves policy
It is the trustees’ policy to retain funds to cover at least 3 months of operational expenses and save for significant future repairs.
Public benefit
The trustees make decisions with due regard to the public benefit guidance published by the Charity Commission.
Principle risks
The trustees monitor risks and uncertainties facing the charity and plan accordingly.
Approved by the board of trustees on 29[th] July 2022 and signed on their behalf by
Louisa Yallop Trustee
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Loddon Buildings Preservation Trust Statement of Financial Activities Year ended 31 December 2021
| Year ended 31 December 2021 Note Income from: Voluntary income 2 Rental 3 Other 4 Total Expenditure on: Generating income 5 Total Net income 6 Reconciliation of funds: Total funds bought forward Total funds carried forward |
Total and Unrestricted Funds 2021 £ 18 17,720 16,956 34,694 11,266 11,266 23,428 111,473 134,901 |
Total and Unrestricted Funds 2020 £ 200 7,039 11,334 18,573 10,780 10,780 7,793 103,680 111,473 |
|---|---|---|
All income and expenditure has arisen from continuing activities. The chompany has no recognised gains or losses for the year other than the results shown.
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Loddon Buildings Preservation Trust (registered number 03616400) Balance Sheet As at 31 December 2021
| As at 31 December 2021 Note Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank Creditors Amounts falling due within one year 10 Net current assets Net assets Funds Unrestricted funds 11 |
Total and Unrestricted Funds 2021 £ 23,499 6,173 106,655 112,828 1,426 111,402 134,901 134,901 |
Total and Unrestricted Funds 2020 £ 23,499 3,588 84,534 88,122 148 87,974 111,473 111,473 |
|---|---|---|
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees on 29th July 2022 and were signed on their behalf by:
Louisa Yallop Trustee
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Loddon Buildings Preservation Trust Notes to the Financial Activities Year ended 31 December 2021
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 2015)', 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 with the exception of investments which are included at market value.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Freehold property is valued at cost.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Functional property – 2% on cost unless immaterial Fixtures – 25% reducing balance
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.
2 Voluntary income
| Donations and fund raising Grants receivable |
Total and Unrestricted Funds 2021 £ 18 0 18 |
Total and Unrestricted Funds 2020 £ 200 0 200 |
|---|---|---|
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Loddon Buildings Preservation Trust Notes to the Financial Activities continued Year ended 31 December 2021
3 Income from activities for generating funds
| Hire of hall 4 Other income Interest on deposit accounts Covid related grants 5 Costs of generating income Operation of the hall 6 Net income Is stated after charging: Depreciation 7 Staff costs |
Total and Unrestricted Funds 2021 £ 17,720 Total and Unrestricted Funds 2021 £ 8 16,948 16,956 Total and Unrestricted Funds 2021 £ 11,266 11,266 2021 £ 0 |
Total and Unrestricted Funds 2020 £ 7,039 Total and Unrestricted Funds 2020 £ 0 11,334 11,334 Total and Unrestricted Funds 2020 £ 10,780 10,780 2020 £ 0 |
|---|---|---|
There were no paid employees during the year.
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Loddon Buildings Preservation Trust Notes to the Financial Activities continued Year ended 31 December 2021
8 Tangible fixed assets
| Freehold Property £ Cost At 1 January 2021 23,498 Additions 0 Disposals 0 At 31 December 2021 23,498 Depreciation At 1 January 2021 0 Charge for the year 0 Eliminated on disposals 0 At 31 December 2021 0 Net book value At 1 January 2021 23,498 At 31 December 2021 23,498 9 Debtors Trade debtors Accrued income Prepayments 10 Creditors Trade creditors Accruals and deferred income 11 Movement in funds At 1.1.21 £ Unrestricted funds General fund 111,473 Total funds 111,473 Net movement in funds, included in the above, are as follows: Income Expenses £ £ Unrestricted funds General fund 34,694 11,266 Total funds 34,694 11,266 |
Fixtures £ 773 0 0 773 772 0 0 772 1 1 2,021 £ 3,731 661 1,781 6,173 2,021 £ 0 1,426 1,426 Net movement in funds £ 23,428 23,428 Gains/Losses £ 0 0 |
Total £ 24,271 0 0 24,271 772 0 0 772 23,499 23,499 2020 £ 1,903 0 1,685 3,588 2020 £ 0 148 148 At 31.12.21 £ 134,901 134,901 Movement £ 23,428 23,428 |
|---|---|---|
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Loddon Buildings Preservation Trust Detailed Statement of Financial Activities Year ended 31 December 2021
| Income Voluntary income Donations and fund raising Income from generating funds Hire of hall Other Interest received Covid related grants Expenditure Costs of generating voluntary income Water Light and heat Maintenance and supplies Insurance Legal fees Cleaning Subscriptions Broadband Admin Advertising Net income |
2021 £ 18 17,720 8 16,948 34,694 1,361 5,293 2,168 1,783 0 0 100 386 0 175 11,266 23,428 |
2020 £ 200 7,039 0 11,334 18,573 794 5,410 734 2074 720 434 100 165 174 175 10,780 7,793 |
|---|---|---|
This page does not form part of the statutory statements.
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/directors/ members of On accounts for the year ended Set out on pages |
Charity Name LODDON BUILDINGS PRESERVATION TRUST |
Charity Name LODDON BUILDINGS PRESERVATION TRUST |
Charity Name LODDON BUILDINGS PRESERVATION TRUST |
Charity Name LODDON BUILDINGS PRESERVATION TRUST |
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|---|---|---|---|---|---|---|
| 31 DECEMBER 2021 | ||||||
| 03616400 | ||||||
| Charity no.: | 1076557 | Company no.: | ||||
| 1 to 7 | (remember to include the page numbers of additional sheets) |
| I report to the charity trustees on my examination of the accounts of the | |
|---|---|
| Company for the year ended 31 December 2021. | |
| Responsibilities and | As the charity’s trustees of the Company (who are also the directors of the |
| basis of report | company for the purposes of company law), you are responsible for the |
| preparation of the accounts in accordance with the requirements of the | |
| Companies Act 2006 (“the 2006 Act”). | |
| Having satisfied myself that the accounts of the Company are not required | |
| to be audited for this year under Part 16 of the 2006 Act and are eligible for | |
| independent examination, I report in respect of my examination of your | |
| charity’s accounts as carried out under section 145 of the Charities Act 2011 | |
| (“the 2011 Act”). In carrying out my examination, I have followed the | |
| Directions given by the Charity Commission (under section 145(5)(b) of the | |
| 2011 Act. | |
| Independent | I have completed my examination. I confirm that no material matters have |
| examiner's statement | come to my attention which gives me cause to believe that: |
| • accounting records were not kept in accordance with section 386 of the | |
| Companies Act 2006; or | |
| • the accounts do not accord with such records; or | |
| • the accounts do not comply with relevant accounting requirements under | |
| section 396 of the Companies Act 2006 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; or | |
| •the accounts have not been prepared in accordance with the Charities | |
| SORP (FRS102). | |
| 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. |
| Signed: Name: Relevant professional |
Date: | |
|---|---|---|
| 29/09/2022 | ||
| Lorraine Hammond | ||
| Chartered Accountant |
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IER
qualification(s) or body (if any):
Address: 14 Primrose Terrace Gravesend, Kent DA12 1JN
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
N/A
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IER