Charity registration number: 1115068
## **Lanivet Parish Sport and Recreational Trust**
(An Unincorporated Charity)
Annual Report and Financial Statements
for the Year Ended 31[st] December 2020
## **Lanivet Parish Sport and Recreational Trust**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees’ Report|2 to 3|
|Independent auditors' report|4|
|Statement of financial activities|5|
|Balance Sheet|6|
|Notes to the financial statements|7 to 14|
**Lanivet Parish Sport and Recreational Trust**
## **Reference and Administrative Details**
|**Charity name**|Lanivet Parish Sport and Recreational Trust|
|---|---|
|**Charity registration number**|1163534|
|**Principal office**|The One for All Lanivet Parish Community Centre|
||Carters Parc|
||Rectory Road|
||Lanivet|
||Cornwall|
||PL30 5HG|
|**Registered office**|The One for All Lanivet Parish Community Centre|
||Carters Parc|
||Rectory Road|
||Lanivet|
||Cornwall|
||PL30 5HG|
|**Trustees**|Stephen Angwin|
||David Carter|
||Richard Gibbons|
||Michael Hancock|
||Andrew Harris|
||Peter Old (Chairman)|
|**Secretary**|Sue Carthew|
|**Treasurer**|Julie Angwin|
|**Bankers**|Lloyds Bank|
||14 Molesworth Street|
||Wadebridge|
||PL27 7DE|
|**Independent Examiner**|Danny Batten BSc. FCPFA DMS|
||Kingfisher House|
||Truro Road|
||Lanivet|
||Cornwall|
||PL30 5HF|
Page 1
## **Lanivet Parish Sport and Recreational Trust**
## **Trustee Report**
The trustees present their annual report and the financial statements of Lanivet Parish Sport and Recreational Trust for the year ended 31[st] December 2020.
The accounts comply with the Charities Act 2011, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2015.
## **Governance, Structure & Management**
The charity is controlled by its governing document, a deed of trust dated 22[nd] June 2006, and constitutes an unincorporated charity.
The charity is currently run by a Management Committee of 6 Trustees (the minimum number is 3) and 3 other members, who are appointed for 3 years. The Trust meets 12 times a year
The Trustees and members are recruited by way of their wide range of expertise to enhance the decision making of the Trust.
## **Objectives & Activities**
The objects of the Trust are:
To promote for the benefit of Lanivet and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the community at large in the interests of social welfare and with the objects of improving the conditions of life of the said inhabitants
## **Public benefit**
The Trustees are satisfied that the Charity meets the public benefit through their objectives in consideration of the following:
- The Charity operates the One for All Lanivet Parish Community Centre (which commenced operations in April 2018) aimed at delivering the following outcomes.
- Increased social interaction will result in elderly members of the community being less isolated and their well-being will be improved.
- Young people will be engaged in the local community and less inclined toward antisocial behaviour and feel empowered to contribute to community life.
- Local people will tackle local issues and create greater community cohesion and resilience
**Achievements and Performance**
Page 2
## **Lanivet Parish Sport and Recreational Trust**
## **Trustee Report**
2020 proved to be a very strange year with the Covid-19 pandemic, resulting in the Community Centre being closed from the 23[rd] March 2020, following the first lockdown followed by further lockdowns during the year severely curtailed the opening periods. Throughout this time the Centre was used as the hub of the support team set up to help all the people in the parish and surrounding parishes with the electric vehicle being fully utilised in delivering prescriptions from both local surgeries, delivering shopping and taking people to medical appointments.
During the lockdown periods the Centre was redecorated, and covid-19 related improvements were made to the building as well as an upgrade to the cinemas and sound systems. Despite a complete halt to income coming into the Centre, grants were obtained from the Government, National Lottery, Sport England other funders to maintain the Centre and deliver the Covid 19 support. During the year a 16seater Minibus was purchased from Age Uk Cornwall and Isles of Scilly which will be operated from October 2021. Work was also started on an extension to operate a Community Café in 2022, offering employment training and a place for those suffering from isolation.
The Community Centre continues to grow from strength to strength and will be a key asset for bringing the community together following the pandemic evidenced as it is currently being used as a vaccination centre by the 2 Bodmin surgeries.
.
## **Financial Review**
Income for the year £111,568 (2019 £60,925) which is an actual increase in the previous year and due to an increase in the grants received both restricted and for general running of the Centre. Expenditure for the year had increased to £79,407 (2019 £65,085) and increase in the year due to the opportunity to redecorate the building, improve the facilities and purchase a second hand mini bus. The surplus for the year £32,161 (2019 £4,160 deficit) is due the level of grants secured much of which will be spent on the extension to the building
## **Reserves Policy**
The organisation aims to hold 6 months’ worth of minimal running costs of the new facility calculated at £13,000, as an unrestricted reserve. The current value of £124,895 is well above this figure.
Approved by the Board and signed on its behalf by:
Peter Old, Chairman Date 29 October 2021
I report on the accounts of the charitable company for the year ended 31[st] December 2020, which are set out on pages 6 to 14.
Page 3
## **Lanivet Parish Sport and Recreational Trust**
## **Statement of Financial Activities for the Year Ended 31[st] December 2019**
## **Respective responsibilities of trustees and auditors**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit and is eligible for independent examination it is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Statement**
My examination was carried out in accordance with 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 the 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 statement below.
## **Independent Examiner’s Statement**
In connection with my examination, no matter has come to my attention to indicate that:
- accounting records have not been kept in accordance with section 386 of the Companies Act 2006;
- the accounts do not accord with such records:
- where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS102)
- any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts.
........................................ D. M. Batten BSc. FCPFA DMS Kingfisher House, Truro Road, Lanivet, Cornwall PL30 5HF
Date:…29 October 2021
Page 4
## **Lanivet Parish Sport and Recreational Trust**
## **Balance Sheet as at 31[st] December 2020**
|Note
**Income**
**Income and**
**endowments from:**
Donations and
legacies
2.1
Charitable activities
2.2
Investments
2.3
**_Total_**
**Expenditure**
**Expenditure on:**
Charitable activities
3
**_Total_**
**_Net movement in funds_**
**_Reconciliation of_**
**_funds:_**
Total funds brought
forward
**_Total funds carried_**
**_forward_**|**Unrestricted**
**funds**
**£**
10,374
72,546
3
82,923
59,040
59,040
23,883
101,012
124,895|**Restricted**
**income**
**funds**
**£**
-
28,645
-
28,645
20,367
20,367
8,278
784,171
793,449|**Total**
**funds**
**£**
10,374
101,191
3
111,568
79,407
79,407
32,161
885,183
917,344|**Prior**
**year**
**funds**
**£**
12,171
48,752
2|
|---|---|---|---|---|
|||||60,925|
|||||60,085|
|||||60,085|
|||||(4,160)
889,343|
|||||885,183|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 14 form an integral part of these financial statements.
Page 5
## **Lanivet Parish Sport and Recreational Trust**
## **Balance Sheet as at 31[st] December 2020**
|**Note**
**Tangible Assets**
7
**Current Assets**
Debtors
9
Cash at bank and in hand
**Creditors: Amounts falling**
**due within one year**
10
**Net current assets**
**Net assets**
**The funds of the charity:**
**Restricted funds**
**Unrestricted funds**
Unrestricted income funds
Designated Fund
**Total unrestricted funds**
**Total charity funds**|**2020**
**£**
**£**
882,565
22,661
27,530
50,191
(15,412)
34,779
917,344
792,449
122,771
2,124
124,895
917,344|**2019**
**£**
**£**
872,692
2,599
16,866
19,465
(6,974)
12,491
885,183
784,171
92,812
8,200
101,012
885,183|**2019**
**£**
**£**
872,692
2,599
16,866
19,465
(6,974)
12,491
885,183
784,171
92,812
8,200
101,012
885,183|
|---|---|---|---|
||50,191
(15,412)|19,465
(6,974)||
||122,771
2,124|92,812
8,200||
||||885,183|
||||784,171
101,012|
|||||
||||885,183|
Approved by the Trustees on…………29 October 2021.
Signed ……………………………………………….
Peter Old, Chairman
The notes on pages 7 to 14 form an integral part of these financial statements
Page 6
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2020**
## **1. Accounting policies**
## **Basis of accounting**
The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16[th] July 2014 and the Charities Act 2011.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The charity constitutes a public benefit entity as defined by FRS102.
## **Fund accounting policy**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose
Further details of each fund are disclosed in note 13.
## **Income**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS102 SORP or FRS102.
Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Income from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate when there is a valid declaration from the donor.
Investment income is recognised on a receivable basis.
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.
## **Expenditure**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Page 7
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2020**
......... continued
Costs of raising funds are the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them along with governance costs. Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
## **Support costs**
Support costs are those incurred directly in support of expenditure on the objects of the charity and include project management.
## **Fixed assets**
Individual fixed assets costing £250 or more are initially recorded at cost
## **Depreciation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Plant and machinery Motor Vehicles Office Equipment
15% straight line 20% straight line 25% straight line
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
......... continued
Page 8
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2020**
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Financial instruments**
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.
## **Operating leases**
Rentals payable under operating leases are charged in the statement of financial activities on a straight-line basis over the lease term.
## **2. Income**
## **2.1. Donations and Legacies**
|
Appeals and Donations
Gift Aid Tax Reclaimed|**Unrestricted**
**funds**
**£**
10,374
-
10,374|**Restricted**
**income**
**funds**
**£**
-
-
-|**Total**
**funds**
**£**
10,374
-
10,374|**Prior**
**year**
**funds**
**£**
12,171
-|
|---|---|---|---|---|
|||||12,171|
## **2.2. Charitable Activities**
Page 9
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2020**
|**Grants**
National Lottery
Awards for All
Sport England
Cornwall Community Foundation
Business Support Grant
Western Power
Job Retention Scheme
Cornwall Council
Football Foundation
Energy Grants
Other Grants
**Total Grants**
**Other Income**
Lanivet United Charity
Fundraising Income
Room Hire
Pitch Hire
Sales
Transport
Other Income
Total Income
**2.3. Investments**
Interest on Cash Deposits|**Unrestricted**
**funds**
**£**
15,000
-
11,000
-
12,668
1,600
6,330
-
500
1,406
-
48,504
350
1,226
12,468
8,426
349
1,001
222
24,042
72,546
**Unrestricted**
**funds**
**£**
3|**Restricted**
**income**
**funds**
**£**
-
9,500
7,645
11.500
-
-
-
-
-
-
-
28,645
-
-
-
-
-
-
-
28,645
**Restricted**
**income**
**funds**
**£**
-|**Total**
**funds**
**£**
15,000
9,500
18,645
11,500
12,668
1,600
6,330
-
500
1,406
-
77,149
350
1,226
12,468
8,426
349
1,001
221
24,042
101,191
**Total**
**funds**
**£**
3|**Prior**
**year**
**funds**
**£**
-
-
-
-
-
-
-
300
-
1,634
1,240|
|---|---|---|---|---|
|||||3,174|
|||||350
4,525
28,941
8,517
2.081
1,164|
|||||45,578|
|||||48,752|
|||||**Prior**
**year**
**funds**
**£**
2|
## **3. Expenditure**
Page 10
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2020**
|**Direct costs**
Cost of Fundraising
**Support costs**
Rent
Wages and Salaries
Cleaning
Insurance
Utilities
Repairs and Maintenance
Catering
Mini Bus
Field Upkeep
Telephone
Sundry Expenses
Office Expenses
Transport
Licensing and Subscriptions
Grants
Professional Fees
Depreciation
Total Support Costs
**Governance Costs**
The independent examination of the charity's
annual accounts
Total Governance Costs
**Total Expenditure**|**Unrestricted**
**funds**
**£**
528
528
350
24,604
2,534
2,479
3,202
5,691
85
6,076
5,901
757
56
407
1,013
1,762
1,865
155
1,155
58,092
420
420
**59,040**|**Restricted**
**income**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
20,367
20,367
-
-
**20,367**|**Total**
**2020**
**£**
528
528
350
24,604
2,534
2,479
3,202
5,691
85
6,076
5,901
757
56
407
1,013
1,762
1,865
155
21,522
78,459
420
420
**79,407 **|**Total**
**2019**
**£**
1,183|
|---|---|---|---|---|
|||||-|
|||||350
24,193
3,589
2,949
3,792
4,778
467
-
1,380
617
1,299
381
-
845
-
227
18,615|
|||||63,482|
|||||420|
|||||420|
|||||**65,085**|
## **4. Trustees' remuneration and expenses**
No trustee received any remuneration or expenses during the current or previous year.
## **5. Net expenditure**
Page 11
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2020**
Net expenditure is stated after charging:
|et expenditure is stated after charging:|||
|---|---|---|
|Auditors' remuneration – Independent Examination of the
charity’s annual accounts
Depreciation|**2020**
**£**
420
21,522
21,942|**2019**
**£**
420
18,615|
|||19,035|
## **6. Employee’s Remuneration**
The average number of persons employed by the charity during the year was as follows:
||||**2020**|**2019**|
|---|---|---|---|---|
||||No.|No.|
|Charitable activities|||1|1|
|he aggregate payroll costs of these persons were as follows:|||||
||||**2020**|**2019**|
||||**£**|**£**|
|Wages and salaries|||24,604|24,193|
|**. Tangible Assets**|||||
||**Land**|**Plant and**|**Equipment**|**Total**|
||**and**|**Machinery**|||
||**Buildings**||||
|**Total**|**£**|**£**|**£**|**£**|
|**Cost**|||||
|As at 1stJanuary 2020|870,512|16,723|6,412|893,647|
|Additions (Write off)|27,996|567|2,831|31,394|
|As at 31stDecember 2020|898,508|17,290|9,243|925,041|
|**Depreciation**|||||
|As at 1stJanuary 2020|17,309|3,646|-|20,955|
|Charge for |Year|17,410|2,508|1,603|21,521|
|As at 31stDecember 2020|34,719|6,154|1,603|42,476|
|Net Book Value|||||
|As at 1stJanuary 2020|853,203|13,077|6,412|872,692|
|As at 31stDecember 2020|863,789|11,136|7,640|882,565|
The aggregate payroll costs of these persons were as follows:
## **7. Tangible Assets**
## **8. Taxation**
The company is a registered charity and is, therefore, exempt from taxation.
Page 12
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2020**
## **9. Debtors**
|Grants
Trade Debtors|**2020**
**£**
20,225
2,436
22,661|**2019**
**£**
300
2,299|
|---|---|---|
|||2,599|
## **10. Creditors: Amounts falling due within one year**
|Capital Creditors
Accruals and Deferred Income|**2020**
**£**
10,166
5,246
15,412|**2019**
**£**
1,815
5,159|
|---|---|---|
|||6,974|
## **11. Capital Commitments**
|**apital Commitments**|||
|---|---|---|
|Building Contract|**2020**
**£**
-|**2019**
**£**|
|||-|
## **12. Related parties**
The charity is controlled by the trustees and committee members of the Trust.
## **13. Analysis of funds**
|**At**|**1st January**|**Incoming**|**Resources**|**At 31st**|
|---|---|---|---|---|
||**2020**|**Resources**|**Expanded**|**December**|
|||||**2020**|
Page 13
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2020**
|**General Funds**
Unrestricted general funds
Designated Minibus fund
Unrestricted income fund
**Restricted Funds**
Restricted funds spent on capital
not yet amortised to the SOFA
Big Lottery
Awards for All
Sita
Football Foundation
Bernard Sunley Charitable Trust
Garfield Weston Foundation
Cornwall Community Foundation
Playing Fields Legacy Fund
Sport England
**14. Net assets by fund**
Fixed Assets
Current Assets
Creditors: Amounts falling
due within one year
Net Assets||**£**
92,812
8,200
101,012
495,250
13,190
107,500
65,975
10,000
20,000
1,400
5,000
65,856
784,171
885,183
**Unrestricted**
**funds**
**£**
90,116
50,191
(15,412)
124,895|**£**
82,923
-
82,923
-
9,500
-
-
-
-
11,500
-
7,645
28,645
111,568
**Restricted**
**income**
**funds**
**£**
792,449
-
-
792,449|**£**
(52,964)
(6,076)
(59,040)
(11,154)
(2,003)
(2,421)
(1,486)
(225)
(451)
(1,031)
(112)
(1,484)
(20,367)
(79,407)
**Total**
**funds**
**£**
882,565
50,191
(15,412)
917,344|**£**
122,771
2,124|
|---|---|---|---|---|---|
||||||124,895|
||||||484,096
20,687
105,079
64,489
9,775
19,549
11,869
4,888
72,017|
||||||792,449|
||||||917,344|
||||||**Prior**
**year**
**funds**
**£**
872,692
19,465
(6,974)
885,183|
Page 14