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 2022
## **Lanivet Parish Sport and Recreational Trust**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees’ Report|2 to 4|
|Independent Examiner’s report|5|
|Statement of financial activities|6|
|Balance Sheet|7|
|Notes to the financial statements|8 to 16|
**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 2022.
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
Page 2
## **Lanivet Parish Sport and Recreational Trust**
## **Trustee Report**
## **Achievements and Performance**
This was the first full year without Covid -19 Restrictions and over the year the Community Centre went back to normal business and now has a full diary of bookings well into the current year.
The Lanivet Hub opened in September 2022 with volunteers running the space until the appointment of a Manager/ Chef in January 2023. The Hub has been designated by Volunteer Cornwall as a “warmth bank” to provide affordable food and a warm space during the winter months. It has been a success since its opening, offering a safe space for people to meet or just as a sanctuary and it is noticeable that people who would not normally use the facility are coming to the Hub.
The Centre was once again used by Bosvena Health as a Covid and Flu Vaccination Centre during the autumn and winter and is already booked for the same period this year.
The transport service continued to grow with both vehicles being in constant use, especially as neighbouring venues such as Wadebridge Concern have severely decreased the level of their transport service.
We continue to operate and emergency grant scheme and working with other agencies in Bodmin and the surrounding area the need for these grants has dramatically increased over the winter period.
The Trust was successful in obtaining grants to the value of £41,000 from the Lanivet United Charity, Volunteer Cornwall, National Grid, Asda and the Cornwall Community Foundation towards the finishing and running of the Lanivet Hub.
Page 3
## **Lanivet Parish Sport and Recreational Trust**
## **Trustee Report**
## **Financial Review**
Income for the year of £113,956 (2021 £142,289), with the decrease being a reduction in capital grants for the Lanivet Hub from the previous year.
Expenditure was £103,639 (2021 77,603) with the increase being catering purchases, extra costs of maintain the football pitches and additional depreciation charges.
## **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 £145,855 is well above this figure.
Approved by the Board and signed on its behalf by:
Peter Old, Chairman
Date 12 September 2023
Page 4
## **Independent Examiner’s Report to the Trustees of**
## **Lanivet Parish Sport and Recreational Trust**
I report on the accounts of the charitable company for the year ended 31[st] December 2022, which are set out on pages 6 to 16.
## **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.
........................................
Date:…12 September 2023
D. M. Batten BSc. FCPFA DMS Kingfisher House, Truro Road, Lanivet, Cornwall PL30 5HF
Page 5
## **Lanivet Parish Sport and Recreational Trust**
## **Statement of Financial Activities for the Year Ending 31[st] December 2022**
|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**
**£**
9,038
84,917
1
93,956
80,434
80,634
13,522
132,333
145,855|**Restricted**
**income**
**funds**
**£**
-
20,000
-
20,000
23,205
23,205
(3,205)
849,697
846,492|**Total**
**funds**
**£**
9,038
104,917
1
113,956
103,639
103,639
10,317
982,030
992,347|**Prior**
**year**
**funds**
**£**
1,078
141,211
-|
|---|---|---|---|---|
|||||142,289|
|||||77,603|
|||||77,603|
|||||64,686
917,344
982,030|
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 8 to 16 form an integral part of these financial statements.
Page 6
## **Lanivet Parish Sport and Recreational Trust**
## **Balance Sheet as at 31[st] December 2022**
|**Note**
**Tangible Assets**
8
**Current Assets**
Debtors
10
Cash at bank and in hand
**Creditors: Amounts falling**
**due within one year**
11
**Net current assets**
**Net assets**
**The funds of the charity:**
**Restricted funds**
14
**Unrestricted funds**
Unrestricted income funds
Designated Fund
**Total unrestricted funds**
**Total charity funds**|**2022**
**£**
**£**
974,339
6,143
21,431
27,574
(9,566)
18,008
992,347
846,492
145,855
-
145,855
992,347|**2021**
**£**
**£**
957,628
4,137
24,392
28,529
(4,127)
24,402
982,030
849,697
131,188
1,145
132,333
982,030|**2021**
**£**
**£**
957,628
4,137
24,392
28,529
(4,127)
24,402
982,030
849,697
131,188
1,145
132,333
982,030|
|---|---|---|---|
||27,574
(9,566)|28,529
(4,127)||
||145,855
-|131,188
1,145||
||||982,030|
||||849,697
132,333|
|||||
||||982,030|
Approved by the Trustees on…………12 September 2023
Signed ……………………………………………….
Peter Old, Chairman
The notes on pages 8 to 16 form an integral part of these financial statements
Page 7
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2022**
## **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 14.
## **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 8
## **Lanivet Parish Sport and Recreational Trust**
**Notes to the Financial Statements for the Year Ended 31[st] December 2022** ......... 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:
|Land & Buildings|2% straight line|
|---|---|
|Plant and machinery|15% straight line|
|Motor Vehicles|20% straight line|
|Office Equipment|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.
Page 9
## **Lanivet Parish Sport and Recreational Trust**
**Notes to the Financial Statements for the Year Ended 31[st] December 2022** ......... continued
## **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**
**£**
9,038
-
9,038|**Restricted**
**income**
**funds**
**£**
-
-
-|**Total**
**funds**
**£**
9,038
-
9,038|**Prior**
**year**
**funds**
**£**
1,078
-
1,078|
|---|---|---|---|---|
Page 10
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2022 2.2. Charitable Activities**
|**Grants**
Volunteer Cornwall
Asda Foundation
Sport England
Cornwall Community Foundation
Bernard Sunley Foundation
Garfield Weston
DEFRA -Acre
Lanivet United Charities
Business Support Grant
National Grid
Job Retention Scheme
Lanivet Parish 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**
**£**
10,000
1,000
-
2,000
-
-
-
-
2,667
7,000
-
-
909
2,063
-
25,639
350
936
34,977
14,606
4,427
3,745
237
59,278
84,917
**Unrestricted**
**funds**
**£**
1|**Restricted**
**income**
**funds**
**£**
-
-
-
10,000
-
-
-
10,000
-
-
-
-
-
-
-
20,000
-
-
-
-
-
-
-
-
20,000
**Restricted**
**income**
**funds**
**£**
-|**Total**
**funds**
**£**
10,000
1,000
-
12,000
-
-
-
10,000
2,667
7,000
-
-
909
2,063
-
45,639
350
936
34,977
14,606
4,427
3,745
237
59,278
104,917
**Total**
**funds**
**£**
1|**Prior**
**year**
**funds**
**£**
-
-
-
3,521
5,000
10,000
10,000
35,000
14,763
-
9,174
15,000
1,800
2,353
444|
|---|---|---|---|---|
|||||107,055|
|||||350
710
15,718
15,421
180
958
819|
|||||34,156
141,211
**Prior**
**year**
**funds**
**£**
-|
Page 11
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2022**
## **3. Expenditure**
|**Direct costs**
Cost of Fundraising
**Support costs**
Ground Rent
Wages and Salaries
Staff Training
Cleaning
Insurance
Utilities
Repairs and Maintenance
Catering
Field Upkeep
Telephone
Office Expenses
Transport
Licences & Subscriptions
Grants
Professional Fees
Bank Charges
Sundry Expenses
Depreciation
Total Support Costs
**Governance Costs**
The independent examination of the charity's
annual accounts
Total Governance Costs
**Total Expenditure**|**Unrestricted**
**funds**
**£**
138
138
350
30,269
-
3,690
4,989
4,988
5,300
4,827
12,788
784
148
3,524
1,644
2,155
200
365
2,013
1,832
79,866
430
430
**80,434**|**Restricted**
**income**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
23,205
23,205
-
-
**23,205**|**Total**
**2022**
**£**
138
138
350
30,269
-
3,690
4,989
4,988
5,300
4,827
12,788
784
148
3,524
1,644
2,155
200
365
2,013
25,037
103,071
430
430
**103,639**|**Total**
**2021**
**£**
274|
|---|---|---|---|---|
|||||274|
|||||350
28,098
119
3,441
3,458
2,652
5,952
926
2,310
798
430
2,487
1,017
1,495
-
492
-
22,874|
|||||76,899|
|||||430|
|||||430
**77,603**|
Page 12
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2022**
## **4. Analysis of Grants**
During the year a small number of grants were received by the Trust and paid over to organisations and individuals.
|Emergency Grant (25 payments)
Total|Organisations
£
-
-|Individuals
£
2,155
2,155|
|---|---|---|
## **5. Trustees' remuneration and expenses**
No trustee received any remuneration or expenses during the current or previous year.
## **6. Net expenditure**
Net expenditure is stated after charging:
|Examiner’s remuneration – Independent Examination of the
charity’s annual accounts
Depreciation|**2022**
**£**
430
25,037
25,467|**2021**
**£**
430
22,874
23,304|
|---|---|---|
## **7. Employee’s Remuneration**
The average number of persons employed by the charity during the year was as follows:
||**2022**|**2021**|
|---|---|---|
||No.|No.|
|Charitable activities|1.2|1|
|The aggregate payroll costs of these persons were as follows:|||
||**2022**|**2021**|
||**£**|**£**|
|Wages and salaries|30,270|28,098|
Page 13
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2022**
## **8. Tangible Assets**
|**Total**
**Cost**
As at 1stJanuary 2022
Additions (Write off)
As at 31stDecember2022
**Depreciation**
As at 1st January 2022
Charge for |Year
As at 31st December 2022
Net Book Value
As at 1st January 2022
As at 31st December 2022|**Land**
**and**
**Buildings**
**Plant and**
**Machinery**
**Equipment**
**£**
**£**
**£**
995,560
17,290
10,129
36,480
-
5,268
1,032,040
17,290
15,397
52,689
8,748
3,914
19,911
2,594
2,532
72,600
11,342
6,446
942,871
8,542
6,215
959,440
5,948
8,951|**Total**
**£**
1,022,979
41,748|
|---|---|---|
|||1,064,727|
|||65,351
25,037|
|||90,388|
|||957,628
974,339|
## **9. Taxation**
The company is a registered charity and is, therefore, exempt from taxation.
## **10. Debtors**
|**0. Debtors**|||
|---|---|---|
|Grants
Trade Debtors|**2022**
**£**
-
6,143
6,143|**2021**
**£**
-
4,137|
|||4,137|
## **11. Creditors: Amounts falling due within one year**
|Capital Creditors
Accruals and Deferred Income|**2022**
**£**
-
9,566
9,566|**2021**
**£**
184
3,943
4,127|
|---|---|---|
Page 14
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2022**
## **12. Capital Commitments**
|Building Contract|**2022**
**£**
-|**2021**
**£**
-|
|---|---|---|
## **13. Related parties**
The charity is controlled by the trustees and committee members of the Trust
## **14. Analysis of funds**
|**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
Lanivet Parish Council
Lanivet United Charities
DEFRA Acre
**Total Funds**|**At 1st January**
**2022**
**£**
131,188
1,145
132,333
472,904
18,599
102,650
62,998
14,549
29,098
13,773
4,774
70,352
15,000
35,000
10,000
849,697
**982,030**|**Incoming**
**Resources**
**£**
93,956
-
93,956
-
-
-
-
-
-
-
10,000
-
-
10,000
-
20,000
**113,956**|**Resources**
**Expanded**
**£**
(79,289)
(1,145)
(80,434)
(12,177)
(2,089)
(2,643)
(1,622)
(375)
(749)
(1,616)
(123)
(1,811)
-
-
-
(23,205)
**(103,639)**|**At 31st**
**December**
**2022**
**£**
145,855
-|
|---|---|---|---|---|
|||||145,855|
|||||460,727
16,510
100,007
61,376
14,174
28,349
12,157
14,651
68,541
15,000
45,000
10,000|
|||||846,492|
|||||**992,347**|
Page 15
## **Lanivet Parish Sport and Recreational Trust**
## **Notes to the Financial Statements for the Year Ended 31[st] December 2022 15. Net assets by fund**
|Fixed Assets
Current Assets
Creditors: Amounts falling
due within one year
Net Assets|**Unrestricted**
**funds**
**£**
127,847
27,574
(9,566)
145,855|**Restricted**
**income**
**funds**
**£**
846,492
-
-
846,492|**Total**
**funds**
**£**
974,339
27,574
(9,566)
992,347|**Prior**
**year**
**funds**
**£**
957,628
28,529
(4,127)
982,030|
|---|---|---|---|---|
Page 16