Registered Charity No: 1120743
THE SCOTSDALE’S CHARITABLE FOUNDATION
ACCOUNTS
FOR THE YEAR ENDED
31 JULY 2021
THE SCOTSDALE’S CHARITABLE FOUNDATION
CONTENTS
Page Legal and Administrative Information Trustees Annual Report 2-3 Independent Examiners Report Statement of Financial Activities Balance Sheet Notes 7 - 12
THE SCOTSDALE’S CHARITABLE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr D A Rayner Mrs C A E Owen Mr B T W Rayner Mr D A J Rayner Mills & Reeve Trust Corporation Limited Directors of corporate body Mr Christopher Belcher Dr Gregory John Laming Mr John Carr Grundy Ms Lauren Rebecca Parker Mr Justin Jolyon Peter Ripman Mr Matthew Simon Hansell Mr Marc Saunderson Mr Nicholas Vince Stone Mr David Catchpole Ms Zahra Itrat Siddiqui Ms Virginia Clare Edgecombe Ms Joanna Louise Grandfield Ms Deborah Ann Clark Mr Andrew Michael Playle Ms Sarah Victoria Cormack Mr Michael John Aubrey
Principal Office Cambridge Road Great Shelford Cambridge CB22 5JT Independent Examiners Price Bailey LLP Tennyson House Cambridge Business Park Cambridge CB4 0WZ Bankers Lloyds TSB Bank Plc Sidney Street Cambridge CB2 3HG
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THE SCOTSDALE’S CHARITABLE FOUNDATION
ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2021
Principal Activity and Objectives
The Scotsdale’s Charitable Foundation is a registered charity. Its principal objective is to provide premises available for use for various local charities including Cambridge Cancer Help Centre. It is governed by a Trust Deed dated 16 July 2007, which requires the Trustees to apply the income and capital for the benefit of such exclusively charitable objects and purposes in the United Kingdom.
Trustees
The Trustees have held office since the charity was registered on 16 July 2007. Where there is a requirement for new Trustees these would be appointed by the remaining Trustees. There are no induction arrangements.
Public Benefit
The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising any powers or duties to which the guidance is relevant.
Review of the Year
The charitable foundation was set up in the summer of 2007 by David Rayner and Caroline Owen, Chairman and Managing Director respectively of Scotsdales’s Garden Centre. It was inspired by the plight of a local charity, the Cambridge Cancer Care Help Centre which was threatened with eviction from its premises which the owners wished to redevelop. By the end of 2006 Cambridge Cancer Care Help Centre had been searching for a new home for three years without success.
The foundation’s first project was to erect a single storey building, the ‘David Rayner Building’ to accommodate the Cambridge Cancer Care Help Centre on a portion of the land made available for that purpose by Scotsdale’s Garden Centre on its site in Great Shelford. Planning permission was granted in May 2007 and construction started in June 2007 not a moment too soon as the Cambridge Cancer Care Help Centre was required to quit its home at the end of August 2007.
Funds continue to be generated from the local community through donations and specific fund raising events. The majority of funds raised are used to cover ongoing running costs. Following the Covid-19 pandemic, the centre was forced to temporarily close in March 2020 however partially reopened from April 2021 where it continued to be used by Cambridge Cancer Care Help Centre. There have been no significant achievements or performances during the year that the Trustees wish to highlight other than the insurance claim received of £50,939 following water damage incurred last year. As this area was improved, it was felt correct by the Trustees to replace the carpets, replace the dishwasher and a couple of other minor improvements for a cost of £23,015. Everyone involved has been very happy with the support that has been given to those in need and are pleased that the centre has been able to reopen following its period of closure.
Due to the difficulties caused by the Covid-19 pandemic and the wish of the Trustees to continue to support the Cambridge Cancer Help Centre, it was not considered appropriate to recover costs or service charges from the Cambridge Cancer Help Centre as has been done in the past. As such, no recovery of costs or service charges has made since 1 February 2020 up to 31 July 2021, resulting in costs and service charges totalling approximately £12,000 not being charged.
The Trustees would like to thank Scotsdales Garden Centre for not charging any costs from 1 February 2020 to date.
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THE SCOTSOALVS CILARABlE FOUt40ATION ANNUAL REPORT CONfD FOR THE YEAR ENDED 31JULY 2021 Financial Review The TrtteeS are satisfied wtth the financkil performance of the Charlty and the year ènd rèserves of L89,106 12020- £160/671. FdraIsIng The tharity understaThls rts duty to protert the publK ilUding vulnerable people. from unreasonab intrusive or persistent fitndralsing approads. and undue pressure to donate and does not currently use any internal fundraisers or externas fundraisin8 agendes for elther telephonè or face to face campai8ns. WheTe donatlons are received from the publtc. these a offered to the charity voluntarlly wlthout the charrty pproathing the donor. The charlty received no funthalsiwd complaints during the year. The charitrfs reseThes are held tofund the c05t of promding buildings and asslated running cosrs, whl¢h are forecast to continue at slmilar levels to the current year. On occasion and at the discretion of the Trustses. reserves are passed on to other tharttable organi5ations al worthy causes. The value of restrirted reserves at the end ofthe yearwas £89.1¢%12020- £1(67). Risk Review Policy The Trustees have conducted thelr (Mn rlsk review of the major risks to whl(h the charlty is exposèd and systems have been established to mlugate those risks Invesbnent Poky The charirfs assets shall be InTted to optimse retum5 and minimise rlsk Sn the short tèmi. The Trustees will ensure that independent advice ts tsken to balan kand return as considered necessary dependenton the funds available. By orderof the Trustees Mr D A Rayner Dated: 11.02-2022
THE SCOTSDALE’S CHARITABLE FOUNDATION
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE SCOTSDALE’S CHARITABLE FOUNDATION
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 July 2021 which are set out on pages 5 to 12.
Responsibilities and Basis of Report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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 Examiner’s Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do 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.
Andrew Booth
For and on behalf of Price Bailey LLP Tennyson House Cambridge Business Park Cambridge CB4 0WZ
Dated: 20 April 2022
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THE SCOTSDALE’S CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021
| Note | Total | Total | |
|---|---|---|---|
| Restricted | Restricted | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Income | |||
| Donations | 3 | 6,732 | 18,368 |
| Investment income: Rent Received | 1 | 1 | |
| Other income: Insurance claim | 50,959 | - | |
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| Total Income | 57,692 | 18,369 | |
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| Expenditure | |||
| Charitable Activities | 4 | 129,453 | 62,193 |
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| Total Expenditure | 129,453 | 62,193 | |
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| Net Expenditure being | |||
| net movement in funds for the year | (71,761) | (43,824) | |
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| Reconciliation of Funds | |||
| Fund balances brought forward | 160,867 | 204,691 | |
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| Fund balances carried forward | 11 | 89,106 | 160,867 |
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All activities relate to continuing operations.
The notes on pages 7 to 12 form part of these accounts.
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THE 5COTSDALE'S CHARITABLE FOUNDATION BALANCE SHEET AT31 JULY 2021 2021 2020 Hmed A55etS Tangible Fixed A55ets 68.583 109,739 Cwrent Assets Debtors Cash * Bank and In Hand 121 21,342 266 52,237 Total Current Assets 21,463 52,503 Uabilltles credito.. amounts fallln8 due wlthln one year 19401 11,3751 Nèt Cuffent Assets 20,523 51,128 Net assets 89,106 160,867 The fund5 of the Charlty Restricted Fund5 li 89,106 160,867 Approved by the Tru5tee5 and 518ned on theii behalf bv., MrD A Rayner Trustee Dated: Il-rt- >p2s The notes on pages 7 lo 12 form part of these accounts.
THE SCOTSDALE’S CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021
1 Accounting policies
1.1 Accounting Convention and Standards
The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are presented in pound sterling, which is the functional currency of the charity.
The Trust has taken advantage of the exemption in FRS102 (as amended by the SORP Bulletin in October 2019) from the requirement to produce a cash flow statement on the grounds that it is a small charity.
The Trust constitutes a public benefit entity as defined by FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
1.2 Funds
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds are unrestricted funds designated by the Trustees for particular purposes.
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of support costs.
1.3 Going concern
The Trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
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THE SCOTSDALE’S CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021
1.4 Income
Donations are recorded in full in the Statement of Financial Activities when they are received. Donations received in respect of fundraising events are recorded as fundraising income. Where gift aid is recoverable on a donation this is recognised on receipt of the donation. Where the donor specifies that the donation be used for a particular purpose it is placed in one of the restricted funds described in note 11.
Other income is recognised when the charity is legally entitled to the income, the amount can be measured reliably and it is probable that the income will be received.
Where services are provided to the charity as a donation that would normally be purchased from our suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity.
1.5 Expenditure
Expenditure is recorded on an accruals basis. Irrecoverable VAT is charged to the relevant expense. The Foundation, being a charity, is not liable for income tax or corporation tax. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
1.6 Tangible Fixed Assets
Tangible fixed assets are depreciated on a straight line basis over their expected useful lives as follows:
Leasehold property over 15 years Fixtures, fittings and equipment over 4 years
1.7 Financial Instruments
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are initially measured at transaction price (including transaction costs).
The charity 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.
Other debtors are recognised at the settlement amount due after any trade discount offered. 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. 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.
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THE SCOTSDALE’S CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021
1.8 Debtors
Sundry debtors are recognised at the settlement amount due. Prepayments are valued at the amount repaid net of any trade discounts due.
1.9 Cash at Bank and in Hand
Cash at bank and 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.
1.10 Creditors
Creditors 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 are normally recognised at their settlement amount after allowing for any trade discounts due.
2 Judgements in applying accounting policies and key sources of estimation uncertainty
In the application of the charity’s accounting policies, which are described in note 1, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Trustees do not consider there are any critical accounting judgements or key sources of estimation uncertainty requiring disclosure.
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THE SCOTSDALE’S CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021
| 3 | Donations | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| CCCHC – Share of Costs | 2 | 5,983 | |
| Donations | 6,730 | 12,385 | |
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| 6,732 | 18,368 | ||
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| 4 | Charitable Activities | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Direct Charitable Activities | |||
| Depreciation on the David Rayner Building (note 6) | 41,156 | 41,156 | |
| Donations | 4,384 | 3,942 | |
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| 45,540 | 45,098 | ||
| Support Costs (note 5) | 83,913 | 17,095 | |
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| 129,453 | 62,193 | ||
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| 5 | Support Costs | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Bank Charges | 145 | - | |
| Repairs (Before insurance claim of £50,959) | 74,308 | 214 | |
| Telephone | 1,085 | 1,030 | |
| Premises Costs | 2,853 | 6,117 | |
| Sundry Costs | - | 3,236 | |
| Insurance | 2,684 | 2,130 | |
| Light and Heat | 1,854 | 3,590 | |
| Accountancy | 984 | 778 | |
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| 83,913 | 17,095 | ||
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All support costs relate to the Cambridge Cancer Care Help Centre in both the current and prior year.
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THE SCOTSDALE’S CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021
6 Tangible Fixed Assets
| 6 | Tangible Fixed Assets | |||
|---|---|---|---|---|
| Leasehold | Fixtures, Fittings | |||
| Property | and Equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 August 2020 | 617,330 | 6,772 | 624,102 | |
| Additions | - | - | - | |
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| At 31 July 2021 | 617,330 | 6,772 | 624,102 | |
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| Depreciation | ||||
| At 1 August 2020 | 507,591 | 6,772 | 514,363 | |
| Charge for the year | 41,156 | - | 41,156 | |
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| At 31 July 2021 | 548,747 | 6,772 | 555,519 | |
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| Net book value | ||||
| At 31 July 2021 | 68,583 | - | 68,583 | |
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| At 31 July 2020 | 109,739 | - | 109,739 | |
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| 7 | Debtors | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Other Debtors | 121 | 266 | ||
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| 8 | Creditors | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Other Creditors | 100 | 775 | ||
| Accruals | 840 | 600 | ||
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| 940 | 1,375 | |||
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9 Employees
The Charitable foundation had no employees during the year (2020 – Nil).
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THE SCOTSDALE’S CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021
10 Related Parties
The Trustees received no emoluments and were not paid any expenses (2020: £Nil).
There was no key management personnel remuneration during the year (2020: £Nil).
During the year purchases of £144 (2020: £3,096) were made from Scotsdale’s Nursery and Garden Centre Limited, a company of which D A Rayner, C A E Owen and B T W Rayner are directors. Scotsdale’s Nursery and Garden Centre Limited also collects donations on behalf of the charity. At the year end £121 was due from Scotsdale’s Nursery and Garden Centre Limited (2020: £262).
The charity’s property is rented from Scotsdale’s Nursery and Garden Centre Limited on a 15 year lease at an annual lease of £1 (2020: £1).
There were no other related party transactions (2020 – None).
11 Restricted Funds
| Restricted Funds | ||||
|---|---|---|---|---|
| At 1 August | Income | Expenditure | At 31 July | |
| 2020 | 2021 | |||
| £ | £ | £ |
£ | |
| David Rayner Building | 160,867 | 57,692 | (129,453) |
89,106 |
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| 2020 Comparative | ||||
| At 1 August | Income | Expenditure | At 31 July | |
| 2019 | 2020 | |||
| £ | £ | £ |
£ | |
| David Rayner Building | 204,691 | 18,369 | (62,193) |
160,867 |
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The David Rayner Building fund is used for the building, maintaining and operating of the David Rayner Building. Any surplus funds are distributed to other charitable causes at the discretion of the Trustees.
12 Analysis of net assets between funds
| Analysis of net assets between funds | ||
|---|---|---|
| Total | Total | |
| Restricted | Restricted | |
| 2021 | 2020 | |
| £ | £ | |
| Fixed Assets | 68,583 | 109,739 |
| Current Assets | 21,463 | 52,503 |
| Creditors: amounts falling due within one year | (940) | (1,375) |
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| 89,106 | 160,867 | |
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