Charity registration number: 1115068 Lanivet Parish Sport and Recreational Trust (An Unincorporated Charity) Annual Report and Financial Statements st for the Year Ended 31 December 2023
Lanivet Parish Sport and Recreational Trust Contents Reference and Administrative Details Trustees, Report 2to4 Independent Examiner's report Statement of financial activities Balance Sheet Notes to the financial statements 8t016
Lanivet Parish Sport and Recreational Trust Reference and Administrative Details Charity name Lanivet Parish Sport and Recreational Trust Charity registration number 1115068 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 (Chairn]an) Secretary Sue Carthew Treasurer Julie Angwin Bankers Lloyds Bank 14 Molesworth Street Wadebridge PL27 7DE Independent Examiner Danny Batten BSC. DMS Kingfisher House Truro Road Lanivet Cornwall PL30 5HF Page I
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. December 2023. The accounts comply with the Charities Act 201 I, 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 l January 2015. Governance, Structure & Management The charity is controlled by its governing document, a deed of trust dated 22 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, infinnity 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 2023 was yet another significant year for the Trust with the Community Centre going from strength to strength. It was pleasing to see new services in the year at the Centre including counselling practitioners and clinics for epilepsy, dementia and knee pain. We offer a wide range of activities from "cradle to grave" and interest for bookings is a strong as ever. The Lanivet Hub has also been very successful in offering a safe wann space for people to meet and to eat and drink from the affordable menu. We were successful in getting a grant from the government's Levelling Up Fund to fund a part time assistant chef for 12 months, with the intention to build up the business to continue the post after the grant finishes, which we have been able to achieve. As part of the Levelling Up grant, we were able to add a second solar installation which will greatly help to reduce our energy costs and reduce our carbon footprint. The transport service continued to grow with both vehicles being in constant use. We now have 25 organisations registered to use the minibus including all the local primary schools. The electric vehicle covered nearly 12,000 miles in the year delivering 375 prescriptions, 141 medical trips carrying 419 passengers of which 82 where in a wheelchair. We continue to operate an emergency grant scheme working with other agencies in Bodmin and the surrounding are. The need for these grants has dramatically increased over the winter period. During the year we made 75 payments totalling £13,105 to approximately 30 families. The Trust was successful in obtaining grants to the value of £86,591 from the Levelling Up Fund, Volunteer Cornwall, National Grid, Active Cornwall, the National Lottery and the Cornwall Community Foundation. Finally, we would like to thank all the volunteers who give up their time to help in the Hub, Landscaping, Drivers and Admin teams. Their services are greatly appreciated and vital to make the community centre the success that it undoubtably is. Page 3
Lanivet Parish Sport and Recreational Trust Trustee Report Financial Review Income for the year of £212,468 (2022 £113,956), with the increase being due to increased grants and sales. Expenditure was £190,034 (2022 103,639) with the increase being catering purchases, grants paid out and staff wages and salaries. 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 £168,253 is well above this figure. Approved by the Board and signed on its behalf by: Peter Old, Chairnian Date 9 July 2024 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 Sl December 2023, 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 ACL 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:...2 July 2024 D. M. Batten BSC. DMS Kingfisher House, Truro Road, Lanivet, Cornwall PL30 5HF Page 5
Lanivet Parish Sport and Recreational Trust st Statement of Financial Activities for the Year Ending 31 December 2023 Restricted income funds Prior year funds Unrestricted funds Total funds Income Income and endowments from: Donations and legacies Charitable activities Investments 4,029 175,963 4,029 208,436 9,038 104,917 32,473 Total Expenditure Expenditure on: Charitable activities 179,995 32,473 212,468 113,956 157,597 157,597 32,437 32,437 190,034 190,034 103,639 103,639 Tolal Net movement infunds 22,398 36 22,434 10,317 Reconcilialion of funds.. Total funds brought forward Totalfunds carried fonvard 145,855 846,492 992,347 982.030 168,253 846,528 1,014,781 992 347 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 St Balance Sheet as at 31 December 2023 2023 2022 Note Tangible Assets 989,826 974,339 Current Assets Debtors Cash at bank and in hand 10 10,754 30,344 41,098 6,143 21,431 27,574 Creditors: Amounts falling due within one year Net current assets Net assets 11 (16,143) (9,566) 24,955 1,014,781 18,008 992,347 The funds of the charity: Restricted funds 14 846,528 846,492 Unrestricted funds Unrestricted income funds Designated Fund Total unrestricted funds 168,253 145,855 168,253 145,855 Total charity funds 1,014,781 992,347 Approved by the Truste .9 July 2024 Signed Peter Old, Chaiman The notes on pages 8 to 16 forni an integral part of these financial statements Page 7
Lanivet Parish Sport and Recreational Trust st Notes to the Financial Statements for the Year Ended 31 December 2023 l. 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 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 FRS 102. 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 &qn 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 st Notes to the Financial Statements for the Year Ended 31 December 2023 . 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: 2 % straight line 15 % straight line 20 % straight line 25 % straight line Land & Buildings Plant and machinery Motor Vehicles Office Equipment 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 31st December 2023 . 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 nonnally 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 Unrestricted funds Restricted income funds Total funds Prior year funds Appeals and Donations Gift Aid Tax Reclaimed 4,029 4,029 9,038 4,029 4,029 9,038 Page 10
Lanivet Parish Sport and Recreational Trust Notes to the Financial Statements for the Year Ended 31st December 2023 Charitable Activities Unrestricted funds Restricted income funds Prior year funds Total funds Grants Volunteer Cornwall Asda Foundation Levelling Up Fund Cornwall Community Foundation Awards for All Active Cornwall Lanivet United Charities Business Support Grant National Grid Football Foundation Energy Grants Other Grants Total Grants Other Income Lanivet United Charity Fundraising Income Room Hire Pitch Hire Sales Transport Total Other Income 21,500 21,500 i 0,000 1,000 22,873 22.873 15,000 9,600 3,380 15,000 12,000 9,600 3,380 i 0.000 2,667 7,000 909 2,063 9,920 1,976 2,342 9,920 1,976 2,342 54,118 32,473 86,591 45,639 350 2,166 46,290 15,508 44,228 8,657 4,646 121,845 175,963 350 2,166 46,290 15,508 44,228 8,657 4,646 121,845 208,436 350 936 34,977 14,606 4,427 3,745 237 59,278 104,917 TOTAL 32,473 2.3. Investments Unrestricted funds Restricted income funds Prior year funds Total funds Interest on Cash Deposits Page 11
Lanivet Parish Sport and Recreational Trust st Notes to the Financial Statements for the Year Ended 31 December 2023 3. Expenditure Unrestricted funds Restricted income funds Total 2023 Total 2022 Direct costs Cost of Fundraising 775 775 138 775 775 138 Support costs Ground Rent Wages and Salaries Cleaning& Waste 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 350 66,877 4,370 6,353 7,881 9,387 24,853 5,418 866 225 5,162 1,135 19,791 1,381 822 119 1,832 350 74,376 4,370 6,353 7,881 9,387 24,853 5,418 866 225 5,162 1,135 19,791 1,381 822 350 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 7,499 24,938 26,770 156,822 32,437 188,259 103,071 Governance Costs The independent examination of the charity's annual accounts 430 430 Total Governance Costs Total Expenditure 157,597 32,437 190,034 103,639 Page 12
Lanivet Parish Sport and Recreational Trust St Notes to the Financial Ststements for the Year Ended 31 December 2023 4. Analysis of Grants During the year a small number of grants were received by the Trust and paid over to organisations and individuals. 2023 2022 Individual Emergency Grants (75 payments) Other Organisations Total 13,105 6,686 19,791 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: 2023 2022 Examiner's remuneration - Independent Examination of the charity's annual accounts Depreciation 430 25,037 25,037 26,770 26,770 7. Employee's Remuneration The average number of persons employed by the charity during the year was as follows: 2023 2022 Charitable activities The aggregate payroll costs of these persons were as follows: 2023 2022 Wages and salaries 74,376 30,270 Page 13
Lanivet Parish Sport and Recreational Trust Notes to the Financial Statements for the Year Ended 31st December 2023 8. Tangible Fixed Assets Land and Buildings Plant and Equipment Machinery Total Total Cost As at l January 2023 Additions (Write offj As at 3 1st December2023 st 1,032,040 5,191 ,037,231 17,290 33,014 50,304 15,397 4,052 19,449 1,064,727 42,257 1,106,984 Depreciation As at I" January 2023 Charge for |Year As at 31" December 2023 72,600 20,641 93,241 11,342 2,280 13,622 6,446 90,388 26,770 117,158 10,295 Net Book Value st As at l January 2023 As at 31" December 2023 959,440 943 990 8,951 974,339 989,826 36,682 9. Taxation The company is a registered charity and is, therefore, exempt from taxation. 10. Debtors 2023 2022 Grants Trade Debtors 10,754 10,754 6,143 6,143 11. Creditors: Amounts falling due within one year 2023 2022 Capital Creditors Accruals and Deferred Income 449 15,694 16,143 9,566 9,566 Page 14
Lanivet Parish Sport and Recreational Trust st Notes to the Financial Statements for the Year Ended 31 December 2023 12. Capital Commitments 2023 2022 Building Contract 13. Related parties The charity is controlled by the trustees and committee members of the Trust 14. Analysis of funds At lit January 2023 Incoming Resources Resources At 31" Expanded December 2023 General Funds Unrestricted general funds Designated Minibus fund Unrestricted income fund 145,855 179,995 (157,597) 168,253 145,855 179,995 (157,597) 168,253 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 Levelling Up Fund 460,727 16,510 100,007 61,376 14,174 28,349 12,157 14,651 68,541 15,000 45,000 10,000 (11,396) (1,776) (2,474) (1,518) (351) (701) (2,933) (362) (1,696) (371) (1,113) (247) (7,499) (32,437) 449,331 24,334 97,533 59,858 13,823 27,648 9,224 14,289 66,845 14,629 43,887 9,753 15,374 846,528 9,600 22,873 32,473 846,492 Total Funds 992J47 212,468 (109,034) 1,014,781 Page 15
Lanivet Parish Sport and Recreational Trust Notes to the Financial Statements for the Year Ended 31" December 2023 15. Net assets by fund Unrestricted funds Restricted income funds Total funds Prior year funds Fixed Assets Current Assets Creditors: Amounts falling due within one year Net Assets 143,298 41,098 846,528 989,826 41,098 974,339 27,574 (16,143) (16,143) (9,566) 168,253 846,528 1,014,781 992,347 Page 16