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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 04342407 (England and Wales) REGISTERED CHARITY NUMBER: 1126938

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Collingham Community Trust Limited

Wright Vigar Limited Chartered Accountants & Business Advisers 15 Newland

Lincoln Lincolnshire LN1 1XG

Collingham Community Trust Limited

Contents of the Financial Statements for the Year Ended 31 March 2022

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 9
Detailed Statement of Financial Activities 10

Collingham Community Trust Limited

Reference and Administrative Details for the Year Ended 31 March 2022

TRUSTEES S Jarret T J Nash S N Wright COMPANY SECRETARY T J Nash REGISTERED OFFICE Millennium Green Business Centre Rio Drive Collingham Nottinghamshire NG23 7NB REGISTERED COMPANY NUMBER 04342407 (England and Wales) REGISTERED CHARITY NUMBER 1126938 INDEPENDENT EXAMINER Wright Vigar Limited Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG

Page 1

Collingham Community Trust Limited

Report of the Trustees for the Year Ended 31 March 2022

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 2022. 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity is established to promote any charitable purpose for the benefit of the inhabitants of Collingham, Nottinghamshire and the surrounding area (the area of benefit), by associating together with the inhabitant and the statutory authorities, voluntary and other private or public sector organisations.

The policy of the charity is to channel all incoming funds to the point of need as expeditiously as possible, consistent with due diligence evaluations of grant requests and any restrictions placed by donors on the uses of which their donations can be put.

Public benefit

The Trustees have considered, in conjunction with the guidance contained in the Charity Commissions general guidance, public benefit have concluded:

Grantmaking

The Trust's procedures for processing grants, includes a requirement for the recipient to be nominated by third-parties, and to then apply setting out the purpose to which the grant will be put. The application and its contents is then vetted and verified by a team of volunteer Grant Administrators who approve the payment before it is made.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

During the financial year ending 31 March 2022, the Trust awarded grants to 71 local charities and good causes totalling £45,500. These grants enabled the recipient charities and good causes concerned, which were predominantly small and local, to continue their work in supporting local disadvantaged people through COVID and economy-related hardship.

FINANCIAL REVIEW

Financial review and reserves policy

The trustees aim to maintain a sufficient level of reserves to ensure the continuity of the charity's activities. The charity has no running costs or potential liabilities as it is run by volunteers operating from premises that are provided free of charge.

At 31 March 2022, the charity held reserves of £15,534 of which £15,500 is restricted to be awarded to beneficiaries as requested by donors once the charity's due diligence process has been carried out.

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.

Charity constitution

Collingham Community Trust Limited is a company limited by guarantee and registered under the Companies Act 1985, registration number 04342407. It is also a registered charity, charity number 1126938.

Recruitment and appointment of new trustees

New trustees are appointed as and when seems fit according tot he needs of the charity. New trustees would already be aware of the work of the charity and are supplied with an induction package are encouraged to familiarise themselves with the overall management and the organisation and administration procedures.

Page 2

Collingham Community Trust Limited

Report of the Trustees for the Year Ended 31 March 2022

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. 06/07/2022

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

T J Nash

........................................................................ T J Nash (Jul 6, 2022 13:13 GMT+1) T J Nash - Trustee

Page 3

Independent Examiner's Report to the Trustees of Collingham Community Trust Limited

Independent examiner's report to the trustees of Collingham Community Trust Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Paul Colcomb

Paul Colcomb (Jul 7, 2022 09:54 GMT+1)

Paul Colcomb FCCA Wright Vigar Limited Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG Date: ............................................. 07/07/2022

Page 4

Collingham Community Trust Limited

Statement of Financial Activities for the Year Ended 31 March 2022

Unrestricted
Restricted
fund
fund
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
299
50,000
EXPENDITURE ON
Charitable activities
2
Charitable Activities
-
45,500
Other
315
-
Total
315
45,500
NET INCOME/(EXPENDITURE)
(16)
4,500
RECONCILIATION OF FUNDS
Total funds brought forward
50
11,000
TOTAL FUNDS CARRIED FORWARD
34
15,500		 2022
Total
funds
£
50,299
45,500
315
45,815
4,484
11,050
15,534		 2021
Total
funds
£
22,956
11,650
256
11,906
11,050
-
11,050

The notes form part of these financial statements

Page 5

Collingham Community Trust Limited

Balance Sheet 31 March 2022

Unrestricted
Restricted
fund
fund
Notes
£
£
CURRENT ASSETS
Cash at bank
34
15,500
NET CURRENT ASSETS
34
15,500
TOTAL ASSETS LESS CURRENT LIABILITIES
34
15,500
NET ASSETS
34
15,500
FUNDS
6
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2022
Total
funds
£
15,534
15,534
15,534
15,534
34
15,500
15,534		 2021
Total
funds
£
11,050
11,050
11,050
11,050
50
11,000
11,050

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 06/07/2022

T J Nash

......................... T J Nash (Jul 6, 2022 13:13 GMT+1) .................... T J Nash - Trustee

The notes form part of these financial statements

Page 6

Collingham Community Trust Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', 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 convention.

Income

All income is recognised 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 recognised 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 benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an 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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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.

2. CHARITABLE ACTIVITIES COSTS

3.

CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
£
Charitable Activities 45,500
SUPPORT COSTS
Governance
Management Finance costs Totals
£ £ £ £
Other resources expended 13 2 300 315

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Page 7

continued...

Collingham Community Trust Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

5. ANALYSIS OF GRANTS

Recipients of grants to institutions:
Community Support
Collingham Preschool
Friends of Trent Vale
Other community Support
Support of Local Provisions
Beaumond House
Children's Bereavement Centre
Collingham Village Care
Other Support of Local Provisions
Animal Welfare
Halfway Home Dog Rescue
Parrot Zoo Trust
Pelican Trust
Local Fundraising Initiatives
RSPB
Environment Support
Juvenile Diabetes
Total
6.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 2021
-
-
4,650
1,000
1,000
-
2,000
500
-
-
2,500
-
11,650
Net
movement
At
in funds
31/3/22
£
£
(16)
34
4,500
15,500
4,484
15,534
Resources
Movement
expended
in funds
£
£
(315)
(16)
(45,500)
4,500
(45,815)
4,484
2022
1,500
2,000
22,250
3,000
1,500
1,750
9,500
2,000
500
500
-
500
500
45,500
At 1/4/21
£
50
11,000
11,050

Incoming
resources
£
299
50,000
50,299

Page 8

continued...

Collingham Community Trust Limited

Notes to the Financial Statements - continued

for the Year Ended 31 March 2022

6. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
in funds 31/3/21
£ £
Unrestricted funds
General fund 50 50
Restricted funds
Restricted fund 11,000 11,000
TOTAL FUNDS 11,050 11,050
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 306 (256) 50
Restricted funds
Restricted fund 22,650 (11,650) 11,000
TOTAL FUNDS 22,956 (11,906) 11,050

The restricted funds of £15,500 relates to donations received but not yet awarded to local institutions.

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022 (31 March 2021 - £nil).

Page 9

Collingham Community Trust Limited

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Total incoming resources
EXPENDITURE
Charitable activities
Grants to institutions
Support costs
Management
Sundries
Finance
Bank charges
Governance costs
Accountancy and legal fees
Total resources expended
Net income		 Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
2022
2021
£
£
50,299
22,956
50,299
22,956
45,500
11,650
13
-
2
6
300
250
45,815
11,906
4,484
11,050		 Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
2022
2021
£
£
50,299
22,956
50,299
22,956
45,500
11,650
13
-
2
6
300
250
45,815
11,906
4,484
11,050
22,956
11,650
-
6
250
11,906
11,050

This page does not form part of the statutory financial statements

Page 10