2021-03-31-accounts - Ettington Community Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Ettington Community Trust Registered Charity (number 1080602) TRUSTEES> REPORT Financial Year Ending 31 March 2021 Ettington Communiti, Ttust is i smoll nal charitable bod}. fomied by Ettington Patish Council with the object OE building and then matw& by cOnnitte4 the nmning OE a new communiry building in the 3ryllage to rep]ace the existing Village Ha]L The Dec]arntion 0£ Trust ('TLWt Deed.) statement of the objects and powets of the Chariry is drafted broadly, bllt with these central objectives. Buildthg works on Etyngton Con)muoity Centre were completed in April 2(K)3. Tenure The freehold to the site of the building (and SurrOundll amenity 91e*) is owned by the Parish CounciL There is a aSe for 99 }ears ftorn Etrington Parish Counol to the Ttust of the build and a surroundu)g area ofgrounds at a peppercorn rent ttsttictions to ensute that the Coun(il can have some control ovtt the use of the buildll¥. Stzuctute of the Tn18t Cu8todiao TrnBtee The Custodi2n Ttustee is Etungton Parish Couniul. The Hall is vested in (Le. held legally iti the name ofj the CustodiAn Tnjstee simply to hold the legal tide of the Chatitys ptoperty and to act on the law6Jl directions of the Trustees. Managing Tntee6 The Trusttts during thi.s financial year were.. Elizabeth Lyall (Chairperson) Steven Kendrick Darrid Hughes (Patish Couna The Chatity Ttustees delegate tespon5ibility to the tnembets of the Management Committee Eormed in 23 for day-to-day managemen4 in accordance with the governing instr13ment (the Trust Dee. The Ttvst Deed provides for some Comn)ittee members to be nominated by village otgatiisations/dubs/societie5 or gtoups to rq)resent theit particu]ar interests. There are a number of these special interest groups in the village which have "carried oveg. from the old Vage Hall. Fundiog/finance8 The TTUSt has no borrowit)gs or debt

Revenue thtyding The Trnses rnain sources of revenue fiuiding are: (a) Income from hitthg / b(x)kiDgs, including regulat groups/societies/dubs. amateur dramatics. concerts, parties, dances, functions. events, ttsinittg courses, conferences. meetiogs, and sporting actiwties. (b) (c) Fund-raising events e.g. open days, fete5? quizzes, raffles and coffee tnomir¥s. 'e received LO¢ Government Covid Restiictions Grdnts that were app]icable to businesses that pay business rate5. The grants were received during perio& when Covid 19 pandemic restrictions wete put in place by the governmenL In8urAnce The building and content5 are insuted with XL Cadin Ensurance Co. UK Ltd. (through Affiniiilre Insurance Brokers Ltd) Against All the usual risks with a pub]ic liabi]ity limit of indemnity 06 £5m d cortt for trustee's ]iability 01£250,000. Repait& attd Maititettance Fot this financial ye2r, ody general maintenance w*s undertaken. Thete were no majo£ refiwbishments dutittg thts P10a. E.C.Lyall Trustee Page 2of2

I CHARITY COMMISSION FOR ENGLANO ANO WALES Independent pxaminerf$ report on t.hp accounts Section A Iiidependent Examiner's Report Report to the truste1 members of Ettington Community Trust 31st March 2021 On accounts for the year ended Charity no Ilf any) 1080602 Set out on pages I report to the trustees on my examination of the accounts of the above harity (tr Trusf) for the year ended 3111212021. As the chaiivs trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {he Acr). I report in respect of my examination of the Trust's accounts Garried out under section 145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Ad. Responslbilitigs and basis of report Independent examinerfs statement I have completed my exaMIr10n. I confim that no material matters have come to my attention in nneIOn with the examination which give5 me cause to believe that in, any material respect: the accounts.ng rets)rds were not kept in aCcI)rdan with section 130 of the Charities Act". or the accourts did not accord wilh the accounting records. or the accounts did not comply with the appliGable requirements conmIng the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Inje and faif view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examin*ion to vthich attention should be drawn in this report in order to enable a tKoper understanding of the accounts to be reached. 0810112022 Sianed: Name: Relevant professional qualification(s> or body Oct 2018 IER

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of Ettin ton Communit Trust g y On accounts for the year 31[st] March 2021 Charity no 1080602 ended (if any) Set out on pages 1 & 2 Independent Examiners Report and 1 to 7 Annual Accounts (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended DD / MM / YYYY . Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent [The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:  the accounting records were not kept in accordance with section 130 of the Charities Act; or  the accounts did not accord with the accounting records; or  the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Please delete the words in the brackets if they do not apply.

Signed: Date: Name: Jonathan Allen

Relevant professional qualification(s) or body

Oct 2018

IER

(if any):

Address: Manor Cottage, 16 Banbury Road, Ettington, Stratford-upon-Avon Warwickshire, Cv37 7TB

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 .

Oct 2018

IER

	EttingtonCommunityTrust	EttingtonCommunityTrust	EttingtonCommunityTrust	Charity No 1080602		CC39a
	Annualaccountsforthe period
	Period start date	01/04/2020	To	Period end date	31/03/2021

Section A	Statement of financial activities
Descriptions by natural category Incoming resources (Note 3) Donations, legacies and Grants Fundraising events Hall hire Resources expended Cost of fundraising events Licences Insurance Repairs & Renewals Printing and Stationery Cleaning Depreciation Water rates Rates Electricity Sundry Other Bookings secretary *Net incoming/(outgoing) resources* *before transfers* *Net incoming/(outgoing) resources* *before other recognised* *gains/(losses)* *Gross transfers between funds* *Total resources expended* *Total incoming resources*		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
		41,257	-	-	41,257	750
		-	-	-	-	2,858
		3,720	-	-	3,720	21,683
		-	-	-	-	-
		-	-	-	-	-
		44,977	-	-	44,977	25,291

		298	-	-	298	983
		514	-	-	514	418
		3,270	-	-	3,270	3,188
		7,524	-	-	7,524	3,289
		20	-	-	20	20
		1,016	-	-	1,016	3,531
		238	-	-	238	317
		479	-	-	479	442
			-	-	-	2,192
		3,913	-	-	3,913	9,131
		1,072	-	-	1,072	335
			-	-	-
		4,680	-	-	4,680	4,680
		23,024	-	-	23,024	28,526
		21,953	-	-	21,953	3,235 -
		-	-	-	-	-
		21,953	-	-	21,953	3,235 -

Other recognised gains/(losses)

Gains and losses on revaluation of fixed assets for the charity’s own use Gains and losses on investment assets

Net movement in funds

Total funds brought forward

Total funds carried forward

-	-	-	-	-
-	-	-	-	-
21,953	-	-	21,953	3,235 -
4,912	-	-	4,912	8,147
26,865	-	-	26,865	4,912

Section B Balance sheet

Note	Total this year Total last year £ £ F01 F02	Total this year Total last year £ £ F01 F02
	714	952
	-	-
	-	-
	714	952

	-	-
	480	924
	-	-
	27,563	5,978
	28,043	6,902

	1,892	2,942

	26,151	3,960

	26,865	4,912

	-	-
	-	-

	26,865	4,912

	26,865	4,912
		-
	26,865	4,912
	-	-
	-	-

	26,865	4,912

Signature Date of approval

Section C Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

• and with* Accounting Standards; or  Financial Reporting Standards for Smaller Enterprises (FRSSE);

and with the Charities Act 1993.

[** except for the following].

Give details in this box if a different standard has been followed.

-Tick as appropriate:
if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick
“Financial Reporting Standards for Smaller Enterprises (FRSSE)”.

** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years.

Section C Notes to the accounts (cont)

Note 2 Accounting policies

INCOMING RESOURCES

Recognition of incoming	These are included in the Statement of Financial Activities (SoFA) when:
resources	• the charity becomes entitled to the resources;
	• the trustees are virtually certain they will receive the resources; and
	• the monetary value can be measured with sufficient reliability.
Incoming resources with	Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure	the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations	Grants and donations are only included in the SoFA when the charity has unconditional
	entitlement to the resources.
Tax reclaims on donations	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts	which they relate.
Contractual income and	This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
	Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
	distributed by the charity.
	Gifts in kind for use by the charity are included in the SoFA as incoming resources when
	receivable.
Donated services and	These are only included in incoming resources (with an equivalent amount in resources
facilities	expended) where the benefit to the charity is reasonably quantifiable, measurable and material_._
	The value placed on these resources is the estimated value to the charity of the service or
	facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Investment income	This is included in the accounts when receivable.
Investment gains and losses	This includes any gain or loss on the sale of investments and any gain or loss resulting from
	revaluing investments to market value at the end of the year.
EXPENDITURE AND	LIABILITIES

Liability recognition	Liabilities are recognised as soon as there is a legal or constructive obligation committing the
	charity to pay out resources.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specific level of service
conditions	or output to be provided, such grants are only recognised in the SoFA once the recipient of the
	grant has provided the specified service or output.
Grants payable without	These are only recognised in the accounts when a commitment has been made and there are
performance conditions	no conditions to be met relating to the grant which remain in the control of the charity.
ASSETS
Tangible fixed assets for use	These are capitalised if they can be used for more than one year, and cost at least £300. They
by charity	are valued at cost or a reasonable value on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the year
	end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress	These are valued at the lower of cost or market value.

Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Unrestricted Restricted This year Last year £ £ £ £ Analysis	Unrestricted Restricted This year Last year £ £ £ £ Analysis	Unrestricted Restricted This year Last year £ £ £ £ Analysis	Unrestricted Restricted This year Last year £ £ £ £ Analysis	Unrestricted Restricted This year Last year £ £ £ £ Analysis
Government grants	40950	0	40,950	0
Disposalofequipment donations	307	0	307	-
Localdonations	0	0	-	750
			-	-
Total			41,257	750

Section C Notes to the accounts (cont)

Note4 Tangible fixed assets

4.1 Cost or valuation

Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Payments on account and assets under construction £	Total £
-	-	1,143	6,042	-	7,185
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	1,143	6,042	-	7,185
-	-	742	5,491	-	6,233
-	-	100	138	-	238
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	842	5,629	-	6,471

-	-	401	551	-	952
-	-	301	413	-	714

Section C Notes to the accounts (cont)

Note 5 Debtors and prepayments

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
480	924	-	-
-	-	-	-
-	-	-	-
480	924	-	-

Note 6 Creditors and accruals

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
1,188	1,429	-	-
704	1,513	-	-
-	-	-	-
-	-	-	-
1,892	2,942	-	-