REGISTERED COMPANY NUMBER: 04452274 (England and Wales) REGISTERED CHARITY NUMBER: 1098065
Report of the Trustees and
Unaudited Financial Statements
For The Year Ended 31st March 2022
for
Claydon & Barham Local Community Trust Limited
John Phillips & Co Limited Accountants Unit 81 Centaur Court Claydon Business Park Gt. Blakenham Ipswich Suffolk IP6 0NL
Claydon & Barham Local Community Trust Limited
Contents of the Financial Statements For The Year Ended 31st March 2022
----- Start of picture text -----
Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3 to 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 14
Detailed Statement of Financial Activities 15
----- End of picture text -----
Claydon & Barham Local Community Trust Limited
Report of the Trustees For The Year Ended 31st March 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2022. The trustees have adopted the provisions of 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 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 04452274 (England and Wales)
Registered Charity number
1098065
Registered office Church Lane Claydon Ipswich Suffolk IP6 0EG
Trustees
P J Avis Electrics Engineer R P B Compton Carpenter And Joiner T A Down Retired J E Morgan Health And Safety Consultant P H Soames Filter/service Engineer J Strachan Retired G Vincent Picture Framer
Company Secretary
Miss M Y L Parnwell
Independent Examiner
John Phillips & Co Limited Accountants Unit 81 Centaur Court Claydon Business Park Gt. Blakenham Ipswich Suffolk IP6 0NL
Page 1
Claydon & Barham Local Community Trust Limited
Report of the Trustees For The Year Ended 31st March 2022
Approved by order of the board of trustees on 14th December 2022 and signed on its behalf by:
Trustee
Page 2
Independent Examiner's Report to the Trustees of Claydon & Barham Local Community Trust Limited
Independent examiner's report to the trustees of Claydon & Barham Local Community Trust Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors 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 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.
Page 3
Independent Examiner's Report to the Trustees of Claydon & Barham Local Community Trust Limited
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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 methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
John Phillips and Co John Phillips & Co Limited Accountants Unit 81 Centaur Court Claydon Business Park Gt. Blakenham Ipswich Suffolk IP6 0NL
14th December 2022
Page 4
Claydon & Barham Local Community Trust Limited
Statement of Financial Activities For The Year Ended 31st March 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Community Centre 5,603 Investment income 2 2 Other income 101,047 Total 106,652 EXPENDITURE ON Raising funds 34,187 Charitable activities Community Centre 77,554 Governance Costs - Other - Total 111,741 NET INCOME/(EXPENDITURE) (5,089) RECONCILIATION OF FUNDS Total funds brought forward 54,752 TOTAL FUNDS CARRIED FORWARD 49,663 |
2021 Total funds £ 12,260 206 69,184 81,650 5,656 - 16,232 39,778 61,666 19,984 34,768 54,752 |
|---|---|
The notes form part of these financial statements
Page 5
Claydon & Barham Local Community Trust Limited
Balance Sheet 31st March 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 14,027 CURRENT ASSETS Stocks 8 3,685 Debtors 9 4,573 Cash at bank and in hand 37,728 45,986 CREDITORS Amounts falling due within one year 10 (10,350) NET CURRENT ASSETS 35,636 TOTAL ASSETS LESS CURRENT LIABILITIES 49,663 NET ASSETS 49,663 FUNDS 11 Unrestricted funds 49,663 TOTAL FUNDS 49,663 |
2021 Total funds £ 15,488 1,000 3,978 43,115 48,093 (8,829) 39,264 54,752 54,752 54,752 54,752 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 6
Claydon & Barham Local Community Trust Limited
Balance Sheet - continued 31st March 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14th December 2022 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
Page 7
Claydon & Barham Local Community Trust Limited
Notes to the Financial Statements For The Year Ended 31st March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation 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.
continued...
Page 8
Claydon & Barham Local Community Trust Limited
Notes to the Financial Statements - continued For The Year Ended 31st March 2022
2. INVESTMENT INCOME
----- Start of picture text -----
||||
|---|---|---|
|2022|2021|
|£|£|
|Deposit account interest|2|206|
----- End of picture text -----
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
----- Start of picture text -----
||||
|---|---|---|
|2022|2021|
|£|£|
|Depreciation - owned assets|3,515|4,133|
----- End of picture text -----
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the year ended 31st March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
----- Start of picture text -----
||||
|---|---|---|
|2022|2021|
|Average Employees|6|6|
----- End of picture text -----
No employees received emoluments in excess of £60,000.
continued...
Page 9
Claydon & Barham Local Community Trust Limited
Notes to the Financial Statements - continued For The Year Ended 31st March 2022
----- Start of picture text -----
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricte
fund
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Community Centre 12,260
Investment income 206
Other income 69,184
Total 81,650
EXPENDITURE ON
Raising funds 5,656
Charitable activities
Governance Costs 16,232
Other 39,778
Total 61,666
NET INCOME 19,984
RECONCILIATION OF FUNDS
Total funds brought forward 34,768
TOTAL FUNDS CARRIED
FORWARD 54,752
----- End of picture text -----
continued...
Page 10
Claydon & Barham Local Community Trust Limited
Notes to the Financial Statements - continued For The Year Ended 31st March 2022
----- Start of picture text -----
7. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1st April 2021 46,681
Additions 2,054
At 31st March 2022 48,735
DEPRECIATION
At 1st April 2021 31,193
Charge for year 3,515
At 31st March 2022 34,708
NET BOOK VALUE
At 31st March 2022 14,027
At 31st March 2021 15,488
8. STOCKS
2022 2021
£ £
Stocks 3,685 1,000
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Prepayments 4,573 3,978
----- End of picture text -----
continued...
Page 11
Claydon & Barham Local Community Trust Limited
Notes to the Financial Statements - continued For The Year Ended 31st March 2022
----- Start of picture text -----
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors 3,728 816
Social security and other taxes 43 1,521
VAT 3,872 4,543
Other creditors 743 743
Accrued expenses 1,964 1,206
10,350 8,829
11. MOVEMENT IN FUNDS
Net
movement At
At 1.4.21 in funds 31.3.22
£ £ £
Unrestricted funds
General fund 54,752 (5,089) 49,663
TOTAL FUNDS 54,752 (5,089) 49,663
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 106,652 (111,741) (5,089)
TOTAL FUNDS 106,652 (111,741) (5,089)
----- End of picture text -----
continued...
Page 12
Claydon & Barham Local Community Trust Limited
Notes to the Financial Statements - continued For The Year Ended 31st March 2022
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund |
Net movement At At 1.4.20 in funds 31.3.21 £ £ £ 34,768 19,984 54,752 |
|---|---|
| TOTAL FUNDS | 34,768 19,984 54,752 |
| Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds £ £ £ Unrestricted funds General fund 81,650 (61,666) 19,984 |
|
| TOTAL FUNDS | 81,650 (61,666) 19,984 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement At 1.4.20 in funds £ £ Unrestricted funds General fund 34,768 14,895 TOTAL FUNDS 34,768 14,895 |
At 31.3.22 £ 49,663 49,663 |
|---|---|
continued...
Page 13
Claydon & Barham Local Community Trust Limited
Notes to the Financial Statements - continued For The Year Ended 31st March 2022
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 188,302 188,302 |
Resources Movement expended in funds £ £ (173,407) 14,895 (173,407) 14,895 |
|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2022.
13. GOVERNANCE COSTS
Page 14
Claydon & Barham Local Community Trust Limited
Detailed Statement of Financial Activities For The Year Ended 31st March 2022
| INCOME AND ENDOWMENTS Investment income Deposit account interest Charitable activities Community Centre Other income Other Income Total incoming resources EXPENDITURE Raising donations and legacies Raising Funds Support costs Governance costs Wages Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income |
2022 £ 2 5,603 101,047 106,652 34,187 41,120 34,129 2,305 77,554 111,741 (5,089) |
2021 £ 206 12,260 69,184 81,650 5,656 38,353 16,232 1,425 56,010 61,666 19,984 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 15