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.
1
## **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
2
## **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.
3
## **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
4
**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|
|---|---|---|
5
## **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.
6
## **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|
|---|---|---|
7
## **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||
|---|---|---|---|---|---|---|
||||||||
|||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||
1
**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
2
**IER**