REGISTERED COMPANY NUMBER: 06247357 (England and Wales)
REGISTERED CHARITY Number: 1125093
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2023 For Friends of Ropner Park Limited
Friends of Ropner Park Limited
Contents of the Financial Statements For the Year Ended 31 March 2023
Report of the Trustees Page 1 Independent Examiners Report Page 2 Statement of Financial Activities Page 3 Balance Sheet Pages 4 - 5 Notes to the Financial Statements Pages 6 - 9 Detailed Statement of Financial Activities Page 10
Friends of Ropner Park Limited
Report of the Trustees For the Year Ended 31 March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 (FRS102) (Effective 1 January 2015).
Structure, Governance and Management
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Reference and Administrative Details Registered Company Number
06247357 (England and Wales)
Registered Charity Number
1125093
Registered Office
First Floor Suite 6 High Street Sedgefield Stockton on Tees TS21 3AR
Trustees
V Nicholson S Taylorson C Mulloy C Whiteside N Schneider A P Smith R Hasthorpe
Company Secretary
C Mulloy
Independent Examiner
Alan Brown & Co First Floor Suite 6 High Street Sedgefield Stockton on Tees TS21 3AR
Approved by order of the board of trustees on 21[st] June 2023 and signed on its behalf by:
S Taylorson – Chairman
1
Independent Examiners Report to the Trustees of Friends of Ropner Park Limited
I report on the accounts for the year ended 31 March 2023 set out on pages 1 to 10.
Respective responsibilities of trustees and examiner
The charity’s trustees (who are also directors for purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that and audit is not required for this year (under section 144 (2) of the Charities act 2011 (the 2011 Act)) and that an independent examination is required.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
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Examine the accounts under 145 of the 2011 Act
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To follow the procedures laid down in the General Directions given by the charity commission ( under section 145(5)(b) of the 2011 Act); and
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To state whether particular matters have come to my attention.
Basis of the independent examiners report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and 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 you as trustees concerning 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 statements below.
Independent examiners statement
In connection with my examination, no matter has come to my attention:
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(1) Which gives me reasonable cause to believe that, in any material respect, the requirements
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To keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
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To prepare accounts which accord with accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Accounting and Reporting Charities: Statements of Recommended Practice applicable to charities preparing their accounts in accordance with the financial reporting standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) Have not been met; or
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(2) To which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Alan Brown & Co. First Floor Suite 6 High Street Sedgefield Stockton on Tees TS21 3AR
2
Friends of Ropner Park Limited
Statement of Financial Activities For the Year Ended 31 March 2023
| INCOME AND ENDOWERMENTS FROM Donations and Legacies Charitable Activities Grants Other trading activities Total EXPENDITURE ON Raising Funds Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Note 2 |
2023 Unrestricted Funds £ 4,074 8,795 252,100 |
2022 Unrestricted Funds £ 1,738 5,907 245,514 |
|
|---|---|---|---|---|
| 264,969 236,083 28,731 |
253,159 232,574 21,728 |
|||
| 264,814 | 254,302 | |||
| 155 73,257 |
(1,143) 74,400 |
|||
| 73,412 | 73,257 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
3
Friends of Ropner Park Limited
Balance Sheet
At 31 March 2023
| FIXED ASSETS Tangible assets CURRENT ASSETS Stocks Cash at bank and in hand CREDITORS Amounts due falling within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted Funds TOTAL FUNDS |
Note 7 8 9 10 |
2023 Unrestricted Funds £ 22,533 9,000 53,642 |
2022 Unrestricted Funds £ 20,213 3,000 64,437 |
|
|---|---|---|---|---|
| 62,642 (11,763) |
67,437 (14,393) |
|||
| 50,879 | 53,044 | |||
| 73,412 | 73,257 | |||
| 73,412 | 73,257 | |||
| 73,412 | 73,257 | |||
| 73,412 | 73,257 |
4
Friends of Ropner Park Limited
Balance Sheet continued At 31 March 2023
The charitable company is entitled to exemption from audit under Section 479A of the Companies Act 2006 relating to subsidiary charitable companies for the year ended 31 March 2023.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) Ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) Preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small charitable companies.
The financial statements were approved by the Board of Trustees on 21st June 2023 and were signed on its behalf by:
S Taylorson - Trustee
C Whiteside – Trustee
C Mulloy – Trustee
5
Friends of Ropner Park Limited
Notes to the Financial Statements For the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statements of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015); Financial Reporting Standard 102 ‘The financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost conversion.
Income
All income recognized in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognized as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefit will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible Fixed Assets
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Equipment - 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realizable value, after making due allowances for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
6
Friends of Ropner Park Limited
Notes to the Financial Statements Continued
For the Year Ended 31 March 2023
2. OTHER TRADING ACTIVITIES
| Event Income Café Takings Merchandise Sales |
2023 Unrestricted Funds £ 15,383 236,651 66 |
2022 Unrestricted Funds £ 5,189 240,270 55 |
|
|---|---|---|---|
| 252,100 | 245,514 |
3. Net Income / (Expenditure)
Net income / (expenditure) is stated after charging / (crediting)
| Accountancy Bookkeeping Depreciation – owned assets |
2023 Unrestricted Funds £ 1,500 1,200 7,511 |
2022 Unrestricted |
2022 Unrestricted |
2022 | |
|---|---|---|---|---|---|
| Funds £ 1,400 1,000 6,736 |
Funds |
4. TRUSTEES REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees Expenses
There were no trustees expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
5. Staff Costs
The average monthly employees during the year was as follows:
| Average Number of Staff within the year |
2023 15 |
2022 |
|---|---|---|
| 13 |
No employees received emoluments in excess of £60,000
7
Friends of Ropner Park Limited
Notes to the Financial Statements Continued For the Year Ended 31 March 2023
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and Legacies Charitable Activities Grants Other Trading Activities Total EXPENDITURE ON Raising Funds Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Funds £ 4,074 8,795 252,100 |
|---|---|
| 264,969 236,083 28,731 |
|
| 264,814 | |
| 155 73,257 |
|
| 73,412 |
7. TANGIBLE FIXED ASSETS
| COST At 1 April 2022 Additions At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for Year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
Equipment Computer Equipment Totals £ £ £ 47,557 1,284 48,841 8,952 879 9,831 |
|---|---|
| 56,509 2,163 58,672 28,053 575 28,628 7,114 397 7,511 |
|
| 35,167 972 36,139 |
|
| 21,342 1,191 22,533 |
|
| 19,504 709 20,213 |
8
Friends of Ropner Park Limited
Notes to the Financial Statements Continued For the Year Ended 31 March 2023
8. Stocks
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Stocks | 9,000 | 3,000 |
9. Creditors
| Social Security and Other Taxes VAT Accrued Expenses |
2023 2022 £ £ 862 843 8,201 7,478 2,700 6,072 |
|---|---|
| 11,763 14,393 |
10. MOVEMENTS IN FUNDS
| movement in funds, included in above are as follows: Unrestricted Funds General Fund TOTAL FUNDS Unrestricted Funds General Fund TOTAL FUNDS |
At 1.4.22 Net Movement in Funds At 31.3.23 £ £ £ 73,257 155 73,412 73,257 155 73,412 Incoming Resources Resources Expanded Movement in Funds £ £ £ 264,969 264,814 155 |
|
|---|---|---|
| 264,969 264,814 155 |
Net movement in funds, included in above are as follows:
11. PENSION COMMITMENTS
The organization does operate a pension scheme.
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the Year Ended 31 March 2023.
9
Friends of Ropner Park Limited
Detailed Statement of Financial Activities
For the Year Ended 31 March 2023
| INCOME AND ENDOWMENTS Donations and Legacies Donations Subscriptions Other Trading Activities Event Income Café Takings Merchandise sales Charitable Activities Grants Total Incoming Resources Expenditure Other Trading Activities Opening Stock Purchases Event Expenses Wages Pensions Closing Stock Support Costs Finance Bank and Credit Card Charges Other Insurance Telephone Postage and Stationery Sundries Repairs and Renewals Depreciation of Equipment Government Costs Accountancy and Bookkeeping Charges Total Resources Expanded Net (Deficit) / Surplus |
2023 2022 £ £ 2,864 568 1,210 1,170 |
|---|---|
| 4,074 1,738 15,383 5,189 236,651 240,270 66 55 |
|
| 252,100 245,514 8,795 5,907 |
|
| 264,969 253,159 3,000 1,700 91,684 103,233 23,773 7,012 126,175 123,254 451 375 (9,000) (3,000) |
|
| 236,083 232,574 5,514 2,839 2,026 1,240 860 669 1,108 1,491 4,153 4,893 4,859 1,460 7,511 6,736 |
|
| 26,031 19,328 2,700 2,400 |
|
| 264,814 254,302 |
|
| 155 (1,143) |
10