Company ffgistrdtion number: 05586393 Charity registrdtion number.. 1125079 Daimler Green Community Recreation Trust Limited {A Company limited by thare capitrl} AnAua] Repon and Finan¢ial St¢ments for the Year Ended 31 March 2021 Chatha & Co Chartered cert1fd AOuntants 115-116 SponEnd Coventry WaTwi¢kshire CVI JHF MX5ry4M' 0410212022 COMPANIES FIOUSE
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Daimler Green Community Recreation Trust Limited Contents Strategic Report TTUStees' Report 2to4 Indep¢nd¢nt Examin¢¢s iiepon Stst¢tT*nt of FIanCIal Activilies Balance Sheet Notes to the Financial Statements 8tol7
Daimler Green Community Recreation Trust Limited Strategic Report for the Year Ended 31 March 2021 The tTUStees. who are directOW5 for the purposes of company law. pwt rheir strategi¢ report for the y¢ar end¢d JI March 2021. in eompliance with s414C of the Companies Aci 2(M)6. The strategic report was approved by the trusiees of the charity on l Decernber 2021 and sigrted on its behalf by: The strategic rep)rt was approved by the mistees of the chttrity on l D¢¢ember 2021 and signed on ils behalf by: Miss Lin William5 Trusie¢ Page I
Daimler Green Community Recreation Trust Limited Trustees, Report The trustees. are dir¢¢iors for the PUT)seS of company law. pre5tnt thc annual report tO8ether with the financial statements of the ¢harithble ¢ompany for the year ended 31 March 2021. Obje¢¢l¢$ #nd ttiwi¢i¢s Objeds To promote the benefit of the inhabitants of Radford area of Coventy and in particular Dwmler Green arml surrounding area. To advan¢e edu¢ation and pwovide facilities in the inter¢M of social welfar¢ for healthy recreation and leisure lime o¢¢upation. PublicbenÉfil The charity provides facilities io the local COEmnunity for educatioD ar recreaiion. in particular for playin8 f¢)otball. CTi¢kei. iermis. netball, and other Spo in a secur¢ ertvironment. The tru51ee5 confiTrn that they have cornplied wih Ihe requirements of s¢£iion 17 of the Charities Act 2011 to havt dut regard to the public bcnefii guidan¢¢ published by the Charity Comm15sion for England aT Wales. Reference Administrxtive Detai15 Charity Registration Number-. Company Registrdtion Number.. I 125079 05586393 The ¢haTity is in¢orwJrwed in England and Wales. 48 Highley Drive Coveniry CV6 3LR Registered Offi¢¢= Ind¢p¢Thd¢n( Examiner.. Chatha & Co charter C¢rtifi¢d A¢¢oyotsnts 115-116Sp)n End cO¢01ry W3rwickshire CVI 3HF Trnsttes Ind officers The tnst¢¢s ond OtTK¢ s¢Thing during th¢ year and since the year ertd were a5 follow5: TTUStces-. Mis5 LynD Williams Barry Millwtrd Mr Kamaljit Singh Dhami MaTilyn Ann Mutton Chairman.- Secrewy: Mr Kamaljit Singh Dhami Page 2
Daimler Green Community Recreation Trust Limited Trusttts, Report S¢TllCture? governance #nd mngtment Nature ofgoverning The ¢harity is ntrOlled by its 8ov¢niin8 documenL a dvd of Mt. and constitutes a limita company Ismiled by guarantee as defjned by Companies Act 2(K)6. ReLrnilmenl and4ppthrtlmen¢oftrnslee5 Existing trusiees appoint new trystees when deemed necessary in order w perform the trust's obj¢¢tives effectively. Poiential trustee5 are selected on the basis of their relevant ba¢kground and ekpeTien¢¢ and ar¢ expected to actively suprrt)rt and further the charitys work. OrgantS111101141Kruuure The rharity operates from its frtthold premkses on the Daimler Green esthie in Coventry. The inlstees me¢t foTmally to de¢emiine overall wlicy and finatt¢ial posiiion and fvture plans of the charity. Tru4¢e$ are ac(ive in authorising transa¢¢iort$ on a dai. io day basis. Mojor risks 47nd managem¢ni olihose risks Fr&udoKderror There is a risk of fraud and ern>r in financial transactio$. The trustees have a duty to identify and review th¢ risks ty which th¢ charity is exp)sed and to ¢nsur¢ appropriate ¢orttrol$ are in place to provide reasonable TanceS againsi fraud and error. Financigl instrurnents Objvclive$ 4n4polio Thc charity'5 activities exp05¢ it to a number of financial risks including Credit risk, cash flow risk and liquidity risk. The us¢ of fJRancial d¢rivativ¢s is governed by ihe ¢harJty'S wTrlicies approved by th¢ board of trustees. which provide written PTin¢iples on the use of financial derivaiives to manag¢ th¢% risks. The charity does not s¢ d¢rivative financial insirument5 for $pculaiiv¢ purp)ses. C4shflfw ri$l£ The charity's activities expose it primarily io th¢ finarteial risks of Chartges in foreign curren¢y exchange rates and irrt¢rest Tates. The ¢harity uses f¢1 ex¢hange forward and intere5[ Me swap contracts to hedge th¢5e CXPOSUTes. Interest bearing assets and liabilities are ld * fixed ensure Certainty of cash tlow5. Credii rifk The charity's principal financial ets are bank balances and cash. trade and other rettivable5. and investrnents_ The charity's credit risk is primarbly attributable to its trade receiwablts. The anK)unt5 Prtsentd in the balanc¢ sheet are net of allowances ftsr doubrful re¢eivabl¢s. An allowance for impaiTment is made whert rhere is an identified Ios5 eveni whi¢h. based on pievious experien¢e. i5 evidence of a reduction in the recoverability of the cash flow5. Th¢ credit risk on liquid funds arml derivative financial inSirucnts is limited because the ¢ounrparti¢s are banks with high credil-raiings assigned by intemalional credil-wativg agencies. The charity has no signify¢ant concenuation of uedit risK with exposure spread over. a large number of ¢ounteTparties and customer5. Page 3
Daimler Green Community Recreation Trnst Limited Trustees, Report Liquidiry nsk In order lo rnaiD¢ain liquidity to ensure thar sufficient fvnds are avatlable for ongoing operaiion$ artd future developments. the Charity uses a mixtur¢ of long-t¢m) and sh)rt4erni debi finance. Further details regarding liquidity risk Can be found IA the Statemeni of ac¢ountin8 policies in the financial slatements. Statement of Tru5tees' Re5pon$ibilAtits The tnjsiees (who are also the directors of Daimler Green Communiry Recreation Trust Limited for the purposes of company lawl are responsibl¢ for pr¢parin8 the trustees. report and the financial statements in accordance with the United Kin2dom A¢¢ountin8 Standard5 (Unitrd Kingdom Gerwdlly Accepted Accourbting PrartiC¢) and applicable law and regulaiions. Company law requires the inLsiees to prepare financial statements for each financial yeAT. Under company laiv the iiustees musi noi approve th¢ fJn3ncial siaiements unless ihey are satisfied ihal they 8ive a true and fair view of the stste of affairs of the ¢haritable company and of its incoming resource5 athd application of r¢sour¢es. includin(t its income ar expenditure. for that period. In preparing thes¢ finan¢ial statements. the tnJst¢es are required to.. select suitable accounting polKcte5 and apply them consistently- ob5ervt the methods and principles in the Charities SORP- make judgements al e5timatts that are rea50Trabk artd Prud state wh¢tkr appli¢able UK Accounting Standards have been followed. subjeci to any materLal departure5 disclosed and ¢xplain¢d in the fbnaocial statements. and prepare the fjnancial statements on the going con¢ern basis unless it is inappropriate to PTesume that the chariiable company will continue in bu5irKss. The trustecs are resp)nsJble for kttping adequate aCeOUftiing records thai are sufficient to show and explain the charitable cornpany's ttansaetions and dis¢los¢ with re&sonable a¢¢utacy at any time the finartci posiTion of the haritabl¢ ¢ompany and enabl¢ them to ensLtre thai th¢ financial statements comply *'iih the Companies A¢t 2006. They are also Tesponsible for safeguarding the assets of th¢ chari¢abl¢ ¢ompany and h¢rt¢¢ for taking reasonable step5 for the PTevtDtion and dde¢tion of fraud and Irregulatities. The athnual rep)rt ivas approved by th¢ trumees of the charity on l December 2021 aThJ signed on its bchalf by.. Pw4
Daimler Green Community Recreation Trust Limited Independent Examiner's Report to the trustees of Daimler Green Community Recreation Trust Limited ("the Company") I report to ihe charity trustees on my examination of th¢ aUttts of lh¢ Cornpany for th¢ year ended 31 March 2021. Re5ptsnsibililits and b#si$ of repfrrt As ihe ¢hatLty'S trljsttts of the Company land also its dIrecr$ for the purw)se5 of company law} you are responsible for the Preparaiion of the accounts iTr accofdance with the rcquircrnents of the Companie5 Act 2006 ('Ih¢ 2006 Aci'l. Having sattsfied myself that the accounts of t>aimler Green Community Recreation T1 Ltrnitrd are noi required io be audit¢d under Part 16 of the 2006 Act and are eligible for tndependeni examination. I report in respe¢t of my examinaiion of your chariry's aceounis &5 carried our under section 145 of the Charities Act 201 I'the 2011 Act.). In Garrying oui my examination I have followEd ihe Direction5 given by the Charity Commission under section 145(5Xbl of the 201 I A. Ind¢p¢ndent exAmin¢r's ststemtnt I have ¢ompleted my examination. I confirm that no matter5 have come to my attention in eonnection wtth the examination giving me eause io believe.. a¢¢ouniing r¢¢ords w¢r¢ not k¢pi in r¢5pe£t of Daimler Grern Community Recreation Trnst Limited as required by section 386 ofthe 2006 Act: or 2. the ac¢ounis do noi a¢cord with those r¢cords' or 3. tht acrounts do Jjoi comply with th¢ a¢courtting rtquirements of SelOn 396 of the 2006 Act other than any r¢quirem¢nt ibat the a¢ts gjve a 'ttue and fair vie which is a matter constdered as part of an independeni ¢xamination- or 4. the a¢¢ourtts have not been prepared in aecordanee with the rnethods and Principles of the Statement of Recommended Praciice for accounting and reporting by thariiie5 lapplicable thariti¢s preparing their accounts in accordance with ihe F1rWKi RrportiThg Stsndard applicable in the UK ond Republi¢ of Ireland IFRS 10211. I have no concern5 and have conie across T oiher matt¢rs ith ¢onnection with the examination to ivhich attention shoLild be dramryt in this rep)rt in OTder io eNable a prop¢r unde13ndIng of the accouttts to be reached. Sukhjit Singh Chatha Charter¢d Certified ACCA Chatha & Co 115-116 SponEnd Ctsvcntry Warwick5hire CVI 3HF l December 2021 Pa8t 5
Daimler Green Community Recreation Trnst Limited Statement of Financial Activitie5 for the Year Ended 31 March 2021 (Including Income and Expenditure Aeeount and Ststement of Total Re¢ognised Gains and Losses) Uftresiritted funds Restritttd funds Totsl 2021 Note Ineome ¥nd Endfjw¢n¢Bts from: Donaiiorts and lega¢ies Oiher income 35,886 4.587 35.886 4.587 Total income 40.473 40.473 EKpenditure on: Charitable activities (21.390) (21.390) Totsl expendiiure Gainslloss¢s on InSnent assets {21 J90) (21.3901 753.000 753.000 Net in¢om¢ 19,083 753,000 772.083 Net movernent in funds 19.083 753.C 772.083 Reconciliation of funds Total fiinds brought fon¥ard 26.094 26.094 Total funds carried fonyard 45.177 Unrestritted funts 753.000 Restricted 798.177 Total 202• Note Ineome •nd EJdowm¢Dts from: Donations and legacies Other income 24.145 1.725 24.145 1.725 Total income 25.870 25.870 Expenditure on-. Charitable activities (13.5691 Total expenditure Gainsllos5es on investment assets 113.569) 113,5691 753.000 753.000 N¢1 income 12,301 753,IMKI 765.301 Net movemetrt irt fvnds 12JOI 753.0(Kl 765.301 Reconciliation of futtds Total funds brought ftsrward 13.793 Total funds eArr*¢d forward 26.094 75i.000 779.094 All of lh¢ charity's activities derive from continuin8 OP¢rntion5 during the above peri(xJs. The funds breakdown for 2020 is shown note I l. Th¢ no on page5 8 to 17 fom an integial part of thes¢ financial statements. pt6
Daimler Green Community Recreation Trust Limited (Registration number: 05586393) Balanee Sheet as at 31 March 2021 21121 20211 Note Fixed assets Tartgible assets Investhents 753.0(Kl 100 753.000 100 753.1 753.100 Currenl 45sets Dcbitsrs Cash at bartk and in hand 767 44,970 5.584 23,107 45.737 28.691 Creditor5: Amounts talling due within oTht year {660 12.6971 Net current a55tts 45.077 25.994 Net •ss¢ts 798.177 779.094 Funds of ihe tharity: Restricted income fund5 Restri¢t¢d funds 753.000 753.0(K) Unrestrided ineome fuHds Unresiricted 45,177 26,094 Totsl funds 798.177 779.094 For the fjnancial year ending 31 March 2021 the clwity was ¢niitled exemption from audit under s¢ction 477 of the Companies Aci 2006 relaiing to small companies. Direcr$'YeSP0n$bjlit1eS'. The rnembers have r¥ot required the ¢h¥ity to obtsin an audii of its a¢¢out)ts for th¢ y¢ar in gu¢siion in a¢cordan¢e with se¢tion 476. and The dire¢¢ors acknowledge their Tesponsibililies ftlr complying wilh the requiremeDES of the Act with r¢sp¢ct to a¢counting records and the preparation of oc¢ounts. The financi statements on pages 6 10 17 wEre approved by the intsiees. and author¢sed for issue on I De¢ember 2021 and si8ned on their behalf by.. The financial statemen1$ on pages 6 10 17 approved by the In¢t¢s. and authorised for issue on I December 2021 and signed on their behalf by: Miss Lynn Wklliams Trustee The notes itrn pages 8 10 17 fomi an iniegral part of thes¢ finan¢ial statements. Pa8e 7
Daimler Creen Community Recreation Trust Limited Notes to the Financial Statements for the Year Ended 31 March 2021 I Chgrity stslll$ The charity Is limited by share capital. iTKorwrated in England aTMI Wales. The address of its iegi¥¢Ted offKe 15.. 48 Highley Drive Coventry CV6 3LR These financial stements were autry)rised for issue by the trustees on l December 2021. 2 Accounting policies Symmary of signifitant accounting pollties and key accounting esiiThaies The prill¢ipal a¢¢ountir)g 1)¢1¢$ applied in the preparation of these financial statements ar¢ out b¢h)w. These policies have be¢rt corLsisienily applied to all the yCaT5 PT¢seni¢d, unless otherwise ststed. Statement of eornplianet The financial stsiemenis have been prepwed in accordance wth Accounting and Reporting by Chariti¢s.' Stsiemeni of Recommended Prdctice (applicable to chariiic5 preparing their ac¢A)unts In accordance with the Financial Reporting Swidard applicable in the Uk and Republic of Tr¢land IFRS 102)) {issued in October 2019) (Chariiies SORP {FRS 102)). the Financial Reporting Standawd appli¢abl¢ in the UK and Republic of IrelaThd {FRS 102) arml the Companies A¢t 2006. Bgsis of prepJrtion Daimler Green Comrnunity R¢¢reaiion Trusi Limited meeis the definition of a public benefit entity under FRS 102. Assets and IiabilLties are snitially reco8nised historical cost or trdnsaction value unless otherwise stated in Ihe ielevani xwuntirt8 litY notes. Going concern The trustees Consider ihat there are no material uncertainiie$ about the charlS ability to ¢onLIDue as a going con¢ern nor any significant are&s of uncertainty th affect the ¢aTrying value of asseis held by tIK charity. Exernption from prewring a ush flow st*trmemi The chariry opted to early adopt Bulletin I published on 2 February 2016 aT¥J have therefore t1 included a c&sh flow st&iement in these financial 5taien7ents. lrteomt and endowment5 All incoming r¢sour¢es are included on the Ststernent of Finartcial Acrivities wthen the charity is legally entitled to the inrome and the amount can be quantifjed wilh reasonable accurdcy. This applie5 to tr)th grants and dollations CtiVed. Page 8
Daimler Green Community Retreation Trust Limited Notes to the Financial Ststements for ihe Year Ended 31 Mareh 2021 Dontstion$ leg4¢ies Donatlons are Tecognised when the ¢harity has be notified in Wriiing of both the amouthr and settlement date. In the tvent that a donatioii 15 5ubje¢t to ronditions thai tequLre a ltyel of performance by th¢ charity before the harity is entitled to the fund5. th¢ inroffle 15 drferred and r¥)t r¢¢ognised witil eith¢r t]K>S¢ condiliorts are fully et, or the fulfilrnEnT of those Conditiorts is wholly within th¢ control of tht charity and it is probable that these conditions will be fulfilled in the r¢porting period_ Gntnts re¢eivaNe Grants are reco8nised when the charity has an entitlement to the fvtyds and any ¢ondJtions linked to the grants have been met. Where performance condition5 are attsch¢d to the grartt and are yet lo be md, the income is recooni5ed as a li&bility and Includ the balance she¢1 as defttred Jtwme to be released. Expenditure All e¥penditure is recognised on¢e there is o legal or ¢onsttu¢tiv¢ Obli1[ to that expendithre, it is prnbable seulement is ¥eqJired and the amouni ¢an be measur¢d reliably. All are alloc•i¢d io the appltcable expenditure headtng thai aggregate similar Costs io that ¢at¢gory. Wh¢r¢ ¢osts ¢annoL be directly attributed to particular headings ihey have been all0¢ed on a b&sis consisteni with the use of rey)urces, with centrdl stair costs allocaied OD ihe basis of ttme WL and depreciation charges allocated on th¢ portion of the &55et's use. Other support ¢o$ts are allo¢ated bas¢d on the spread of staff costs. Covernance t05ts Thes¢ in¢lude th¢ costs attributsble io the charity's compliance wrth consiitutional and statutory requirements. including audit, strategic management and tThsiee5's mtttings and reimbursed expense5. Government grants Government grants are reco8nised bd on thc xcrual modcl arwj art meosured al the fair value of ihe asset received or receivable. Grants are cIlfied a5 relating either to revenue or ro assets. GTants relating to revenue are reco&n5sed in income over the period in which the relat costs are r¢cogni5ed. Grants rel*ing to assets are r¢¢ogttis¢d ov¢r the expected useful lift of the a5sel. Where part of a granl lating to an asset is deftrred, it is re81$¢a &$ deferred income. The charity is considered io pass the tests sei out itt Paragraph I Schedtsle 6 of the Finance Act 2010 and therefore it meets the definition of a charitsble ¢omp2ny for UK ¢otporatTron tax purposes. Accordingly. the charity is potentially exernpt from tlxation in respect of income capithl gains re¢eived wiihin categorie5 covered by Chapter 3 Part I l of the CorrA)raiion Tax Act 2010 OT StttiO 256 of the Taxaiion of Chargeable Gain5 Act 1992. to the extent thai such iDcome tsr gdins are applied eK¢lusively to charitable purposes. Tlngible fixed ass¢ts Individual fi¥ed assets costing £500.00 or nKJre we iniiialty recorded at COSL less any sUbseqUt accumulated depreciation and subsequen¢ ac¢umulated impaimtent losses. Depreciation and arnortiS#lion DepT¢¢iation Is provided on taTrgible flxed assets 50 as to write off the or valuation. ks5 any tstimated residual value, over iheir expected Lvfvl economic lTrfe as folh)w5= Asset ¢lass Depreei•tion method and rate overa 50 year period. Page 9
Daimler Green Community Rtcreation Trnst Limited Notes to the Financial Statements for the Year Ended 31 Mareh 2021 Fixtrjres. Fitting5.equipmeni ?0% reducing balance Bw$ine$5 comb•tIonS Busines5 combination5 are accounted for under the purchose method. Where necessary. adjustmen15 are made to the ftnancial statements of subsidiaries briDg the a¢¢ountiDg wJli¢ies used into line with ihw used by the charity. All inira-group rran5actions. balance% income and expertses dre eliminaled on consolidation. In accordance with Section 35 of FRS 102. Sectitin 19 of FRS 102 h&s not applitd in these financial statemenrs in respect of business combinations eff¢¢ted pnor io th¢ date of transition. Fixed a5sel inveslrneDts Fixed a55et inve51rnent5. oiher than programme related inv¢5tm¢nrs, ar¢ included ai marke( value at ihe balance sheet date. Reali5ed 88in5 and losses on investments are calculated as th¢ differenee beThveen sales proceeds and their rnarkel value at the start of the year. or th¢4r subsequeni cosc and are charged or credited to the Statement of Financial Adivities in the period of diswjsal. Unrealised gains and losses represent the mvement in market values during the year and are vedi¢ed or ¢h2rged to the Ststemeni of Finarbcial Activitie5 based on the market value 01 the yw ¢nd. Trdde debtor5 Trade debtors are amounts due from cu5tomer5 for merchandise sold or s¢ryi¢¢s performed irt the ordinory course of business. Trade d¢b¢ois ar¢ reeognis¢d inirially at the transaction price. They are 5ubsequcntly rneasured #t amortiged ¢ost using the effeciive interest method, less provision for impainneni. A provision for the impaimient of trade debiots LS estsblished when there is objecrtve evidence that the charity will not be able collect all ainounts due a¢¢ording to the origbnaI temis of the recebvables. C*sh 8nd tash equivalents Cash and cash equivalents comprise cash on hand and call deposits, athd other short-ierni highly liquid invesiments that are rrddily CODvertible to o kTh)wn amount of cash and are subject to an insignificanr fisk of change in value. BoTrDwiny Inreresi-bearing IM)rrowings are initially recoTdesJ at fair value. net of msaction costs. Interestthtiring borrowings are subsequenily carried at amortis¢d ¢osL with the difference between the PTo¢ttds. net of trdnsaciioh sIs. and the amouni due on redemption being recoSed as a char8e io the StatemeDi of Finan¢ial Activities over the period of ihe relevant bonowing. Interest expense 1$ Tec(Jgnised ot) the basis of the effective iniertst method and is incllkded in interest payable and similar charges. Bortowings are elas5ified a5 curreni liobilities unless the charity ha5 an unconditional right to defer settlement of the liability for at lust twelve months afi¢r the rtporting date. Page 10
Daimler Green Community Recreation Trnst Limited Notes ¢0 the FiDan¢ial Statements for ihe Year Ended 31 March 2021 Foreitsn ex¢hthg TTan5aciions in foreiun cUencieS are re¢orded at the rate of ex¢hanLe at the date of the transaction. Monetary assets and liabililies deTK)rnifbated in foTeign ¢UTren¢ies at the balan¢¢ sheet date are rewrted ai the ntes of exchange prevailing at that date. The results of overw$ operations are translated ai the average re5 of exchange duTing ihe period and their balance sheets at the rate5 ruling ai the balance sheet date. Exchange differences arising on trnnslaiion of th¢ opening net assets and results of overseas operatiorts ar¢ report io other wmpr¢hensive income and accumulated in cquity lattribuied to non-controlling interests as 4Trpropriatel. Other exchange differences are recognised in the Statement of FirwKia] Activities in the period in which they aTiSC exeept for.. l) exchange differtn¢es on transa¢tkons entered into to hedge certain foreign currency risk5 (see above). 21 exchange differen¢es arising on gains or losse5 on noTrn)nttsry items which are rccognised in other compr¢hensiY¢ in¢ome," ot¥1 3) in the case of the consolidated firtancial statements. exchaDge diffe¥entts on mortetary Items receivable from or payable to a fortign operntion for which senl¢meni is n¢ither p10rttd nor likely to occur (Iherefofe forming part of the nel invest¢1 in the fortign operation}. whi¢h are r¢co8nis¢d in other comprehensive income aad reported under equtty. Fund stTurtur¢ Unrestricted income funds are gene fiu)ds thw are available for use at the tn]stees discretion in furtherance of th¢ obj¢¢iives of the charity. Restricted income fvnds are thos¢ dOned for use in a particular area or for specific Pr)se5. the use of which is restricred ro thai areaor purpose. FinAncial instruments Classificalio Financial assets and financial liab¥litie5 are rewgnised N¥hen the charity b0M¢S a pary to the contracrnal provisions of ihe instrument. Financial liabiliiies and equity in5trurnents classified a¢¢ording to the subsiat)ce of the contractual atTangements entered iThto. An equity instrument is any ¢ontrad th3¢ evid¢rttes a residual iiittresl in the a5se15 of the charity after deducting all of its liabiliiie5. Page 11
Daimler Green Cornmunity Reereation Trnst Limited Notes to the Financial Staiements for the Year Ended 31 March 2021 Recognilio•F t7ndmeawr¢menf All financial &SS¢LS and liabiliiies are initially measured at transaction price (includin8 transaction costs), except for those finaneial &ssets classified as at fair va]ue throgh profit or loss. which are initially mta5ured at fair value (which is nornully the transa¢tion price excluding transa¢tion costs). unles5 the arfdngement con5ritut¢s a financing'trdnsa¢rion. If an arrangemeni eonSirThies a financing trdnsaction. the fillancial asset or finan¢ial liability is rn¢asureil at ihe pres¢nt Value of the fijiure payments discounted ot a markei rate of interest for a similar debt in5trnment. Financial assets and liabilities ar¢ only offs¢t in the statement of financial p05irion when, and othly when there exists a legally ellfor¢eable rigbt io sei off the recognised arnounts and charity intejkls ¢iiher r(p settle on et basis, or realise th¢ asset and settle the liability simultsneously_ Financial wets are derecoJn ised when and only a) the witwwal rights tt) the cash Ilows from the financial asset expire or are settled, b) the charity transfers to another pany subsuniially all of the Tisks and rewards of oibnership of the finarKial asset. or cl the chaFÈty, de5Plt¢ havin8 retained Some, but not all. significant risks and rewdrds of owihcrship. has trnnsfeTFed ¢ontml of the asset 10 another paty. Financial liabilities are erecOlStd only when the Obliglon specified in the Contt is discharged, Cancelled or expires. Page 12
Daimler Green Community Recreation Trust Limited Notes to the inanCial Statements for the Year Ended 31 March 2021 Dehti4ry51ruments Debi itruMen[S which meet the following conditions arc 5ubsequentty rneasured at amort15ed cost 115iTrg the effe¢tiv¢ inier¢si method. {a} The coThtra¢tual return to the IM)Ider is (i) a fixed arrw)unt; (li) a wJ5Trtivt fixed rate or a rA)sitive variable raie. tsr liiil a combination of a posilTrve or a negative fixed rdte alld a posilive variable Me. (b) The contract may provide for repayments of the principal or the rehun to holder (but rtot b)th) to be linked to a siNgle relevart¢ observable index of general pnee intlation of the ¢uttts¢y in which ihe debt instrument is denominaied, ptovided sych links are not l¢veged. {c) The contract may provide for a detemiinable variation of the relurn to the holder during the life of the instrument. provided that li) the new rate satisfies condition (al and the variaiion is not contingent OD futtjre events oiher than11) a change of a wntractual variable rat¢-12) 10 pwie¢t the holder against crtdit deienoration of the issutr;13) changes in levies applied by a central bank or arisjrtg from changes in relev1 taxaikon or law. or (li) the new rdte 15 a market rdte of interest and satisfies wrtditiort lal. (d) Th¢re is tKtr Contrac1 provision that ¢ould. by its lern. result in thc IK)IdeT losing ihe principal amount or any interest attributable to the current period or prior periLwJs. le) Contractual provisions that peTmit ihe i5sucr prepay a de Jnstnjmeni or permii the holder to Put It back to the issuer before maturity are not contingent on fvttsre events. other than to P]Dte¢t ihe Ix)Ider againsi the credit deterioration of the issuer or a change in control of ihe is5ucr. or to prtstect the holder or i55uer against chge5 in levies applied by a central bank or arising from changts tn rclcydnt laxation or law. 10 Contractual provisions May p¢rTnit the extension of the term of ih¢ d¢bt instwmenl. provided that the T¢turn io the holdeT and any other nts?¢1al provisions appli¢abl¢ during the ¢xtended tern) saiisfy th¢ ¢ondiiions of paragraphs la) to Ic}. Debt instruments that are classified as payable or recesvable within one year on initial recognition and which Meet the abov¢ conditions are measured at the undiscounted amouni of the cash or other consideration expe¢ied to be paid or received. nei of impairment. With the ¢x¢¢ption of some hedging ithstruments, other debt inslrumcnts not meeting these conditions are measured at fair value through profit or loss. Commitsnents mak¢ and receive 104ns wthi¢h meet the conditions snentioned alM)ve are measured ai cost (whi¢h may be nil) less impainnent. Inve51ments Investments in non•COrtvertible pteferet)¢¢ shares aThd non-puttable ordinary or preference shares (where share5 are publicly traded or their fair value is reliably measurable) are tn¢asured at fair value throu8h profit or loss. Where fair valu¢ cannot bt measured rcliably, investments are m¢asured at CO less imp2irnieni. Investments in subsidiarics arKI a59)ciates art mthsured at C05[ less impairni¢Tht. For investsnents in subsidÈaries a¢quired for ¢onsiderdiion including the issue of shares qualifyin8 for merger relief. cost is m¢asured by reference to the nominal value of the shares issued plus fair value of other c0Th5ideraiion. Any premium is ignored. Page 13
Daimler Gr¢en Community Recreation Trnst Limited Notes to the FiDancil Ststements for the Year Ended 31 March 2021 Derivaiivefina4ci4lillsirnwttts The charity uses derivative financial irlstruments to reduce exp)sure to foreign exchang¢ risk and interest rate movements. The charity does not hold or issue derivative firorKial Instruments for sp¢¢ul&iw¢'pLtrpos¢s. Derivat?vc$ are initially re¢ognised at fair Val * the dat¢ a derivartve conrract is entered In and are subsequently rerneasured to their fair value at each rtporting datt. The resulitng 8ain or 1055 15 recognised in statement of financial activities irnmediatcly unle55 the deriV]ve is designated and effective &$ a hedging instrument. in whi¢h event the liming of th¢ recognition in statement of financial activities depend5 on the nature of ihe hedge relaiionship. The best evidence of fair value 15 3 quoted price for an identical asset in an a¢tiv¢ market. Wh¢n quoted price5 are unavailable. the price of a recent tr8n5action for an identical asset provides evidence of fair value as long as there noi been a significant change in ec0Mi( circumstsllces or a significant lapse of lime stnce ib.¢ dnsaction look place. If ihe market 5S active and ertl transaciions of an ideniical asw on their own are not a good estimate of fair valut. the fair volue is ¢stÈmated by lg a valuation iechnique. 3 lntorne from doTr¥tions and Jegcies Umrertri¢¢ed fnd$ Ctneral Total fund$ Donation5 and legacies. tA)naiion5 from individuals Grants. including capiral grani Governrnent grants 2,126 2.126 33.760 33,760 Total for 21121 35.886 35,886 Totsl for 2020 24,145 24.145 Page 14
Dairnler Green Community Recreation Trust Limited Note5 to the Financial S¢atemeDts for the Yegr End1 31 Mah 2021 4 Taxatio Th¢ chaTity is a regi51ered tharity and is therefore exempt from taxation. S Tangible fixed *ssrt$ IAnd and Furniture and equiprnenl Total Cost At l April 2020 753,¢)00 26.808 779.808 Ai 31 March 2021 753,0Th) 26,808 779,808 DepreeiAtlon At l April 2020 At 31 March 2021 26.808 26.808 26.808 26.808 Net book Y4lue At 31 March 2021 753,0(Kl 753,000 Ai 31 Mareh 2020 753.000 753,000 6 Fixed asset IDVrftments 2021 2020 Shares group UTKlertakit)gs and participating interests 100 100 Pa8t15
Daimler Green Community Re¢reatioD Trust Limited Notes lo the Financial Ststemeuts for the Year Ended 31 March 2021 Share5 in group uHdert¥kimgs and prtiCAPatiTrg interesls Subsidi¥ry nd¢rtAlungs Tot•1 Cost Additions At 31 March 2021 100 Net book volue Ai 31 March 2021 100 7 Debtors 2021 2020 Prepayments Other debtors 767 619 4.965 767 5.584 Cash and 5kn wuiv#lents 2021 zozo Cash at bartk 44,970 23,107 9 CrltorS. amounts falling due within oTrt year 2021 202 Accruals 660 2,697 10 Share e•pitl I l Funds Other r¢¢ogttised g•An{loSses) Balance at JI March 2021 B*lattce at I April 2020 Inttyrning sourtes Resourres ¢sp¢nd¢d Unrestricted fufyd$ General 26,094 40.473 (21.390) 4),177 Restricted funds 753.000 753.000 Total fund5 26.094 40,473 (21.390) 753.OtM) 798.177 Page 16
Daimler Green Community Recrration Trust Limited Notes to the Fillaneial Statements for the Year Ended 31 Mareh 2021 Other recognised gainsl(losst5) Billnce ¢ 31 .M#r¢h 2020 Balance #t I April 2019 Intomtng Resollrtes txpended Unrestricted funds General 13.793 25.870 (13,569) 26.094 Restrieted funds 753,0 753,(rt>0 Total fumds 3.793 25.870 (13.569) 753,01)0 779.094 12 Aty#lysis of assets bttween funds Unrestticttd fun Cenernl Totsl funds gt 3] Mareh 21J21 Restricted fynds Tangible fixed assets Fixed asset inve51menlS Current &S5ets Current liabilities 753.000 753,000 100 45,737 (660) 100 1660) Toial net assets 45.177 753,000 798.177 Unrestricted funds General Total funds It 31 March 2020 Restritted funds Tangible fixed assets Fixtd asset investmertls Current Lssets Curreni liabiliii¢s 753,000 753.0 28.691 (2.697) 28.691 {2.6971 Total nei assets 26,094 753,000 779. 13 Analysi5 of net funds At l April 2020 Fittneing cash flows At 31 M8r¢h 2021 Cash at bank and in hand 23.107 {23.10 Net debt 23.107 A¢ l April 2019 {23,10 Finanting crtsh nows At 31 March 2020 Cash at bank and in hand 11.086 12.020 23.106 N¢t d¢bi 11.086 12.020 23,106 Page 17
Daimler Green Community Recreation Trust Limited Detailed Statement of Financial Activities for the Year Ended 31 March 2021 Total 2021 Totsl 2020 Income 3nd Endowments from: Donaiions and legacies lanalysed below) (hher incom¢ (onalys¢d below) 35.886 4.587 24.145 1.725 Total income 40,473 25,870 Expenditurt on: Charitabl¢ actJvill¢S {analys¢d b¢low) {21.3901 113.569) Total expendilure 121,3901 113,569) Net in¢om¢ 19,083 12.301 Net movement in fvnd5 19.083 12,301 Reconciliation of funds Total fvnds brought foTWaTd 26,094 13.793 Total funds carried forward 45.177 26.094 This page does not fomi part of th¢ statuw financial statements. Page 18
Daimler Green Community Recreation Trust Limited Detailed Statement of Fittancial Activities for the Year Ended 31 Marcb 2021 Total 2•11 Tot*1 2020 Donotions andlegacies App¢a15 and donations UK Gov¢rnEnent grants 2.126 33,760 24.145 i5,886 24,145 her income R¢ntal in¢ome 4.587 1.725 4.587 1.725 Ch&riloble oclivilE Rate5 Light. heat and p0r Insuran¢e Repairs and renew5 Telephone and f&x Trade subscriptions Sundry expen5e5 A¢courttsn¢y fees Bank charges {1.441) 16 ?82) 12.152) 17.926) 12.543) 11801 {171) (672) 123) 121.3901 (3.946) (5.609) (2.387) 16361 (1401 16001 {83} {13,5691 This page does not fom) part of th¢ ststutory fitwKial statements. Page 19