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 2023
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 2023
| 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 2023
TRUSTEES S Jarrett 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
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Collingham Community Trust 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 (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:
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That the aims of the organisation continue to be charitable;
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That the aims and work done give identifiable benefits to the charitable sector both indirectly and directly to individuals in need;
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That the benefits are for the public, are not unreasonably restricted in any way and certainly not by ability to pay; and
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That there is no detriment or harm arising from the aims or activities.
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 period 1st April 2022 to 31st March 2023, the trust dispersed grants totalling £40,300 spread among 52 local good causes. All of these were made as financial support to the communities served by these good causes, which are individually identified on the Trust's website.
During the reporting period the Trust successfully continued its Object of supporting local good causes, with which it also engaged to confirm that the grants made had the intended outcomes. For many smaller good causes these grants represented the bulk of their income for the year, thus helping to ensure their survival, whilst for other cause, such as foodbanks for example, the grants helped them to maintain their services despite inflationary pressures and increasing demand for their services.
FINANCIAL REVIEW
Financial review and reserves policy
The Trust is "project focussed", aiming to raise funds as and when deserving projects seek its aid. The current project involves, for example, dispersing funding provided by a benefactor to the many local good causes for whom a small grant would make a significant difference. The running and people costs of the Trust are all provided pro-bono, meaning that sustainability financial reserves are not at issue and that all project funding received can be fully applied to project concerned.
At 31 March 2023, the charity held reserves of £16,048 of which £16,000 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.
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Collingham Community Trust Limited
Report of the Trustees for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
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.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
05/06/2023
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
T J Nash
........................................................................ T J Nash (Jun 5, 2023 12:33 GMT+1) T J Nash - Trustee
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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 2023.
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:
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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
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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
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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 (Jun 5, 2023 13:05 GMT+1)
Paul Colcomb FCCA
Wright Vigar Limited Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG Date: ............................................. 05/06/2023
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Collingham Community Trust Limited
Statement of Financial Activities for the Year Ended 31 March 2023
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 401 40,800 EXPENDITURE ON Charitable activities 2 Charitable Activities - 40,300 Other 387 - Total 387 40,300 NET INCOME 14 500 RECONCILIATION OF FUNDS Total funds brought forward 34 15,500 TOTAL FUNDS CARRIED FORWARD 48 16,000 |
2023 Total funds £ 41,201 40,300 387 40,687 514 15,534 16,048 |
2022 Total funds £ 50,299 |
|---|---|---|
| 45,500 315 |
||
| 45,815 | ||
| 4,484 11,050 |
||
| 15,534 |
The notes form part of these financial statements
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Collingham Community Trust Limited
Balance Sheet 31 March 2023
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Cash at bank 48 16,000 NET CURRENT ASSETS 48 16,000 TOTAL ASSETS LESS CURRENT LIABILITIES 48 16,000 NET ASSETS 48 16,000 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
2023 Total funds £ 16,048 16,048 16,048 16,048 48 16,000 16,048 |
2022 Total funds £ 15,534 |
|---|---|---|
| 15,534 | ||
| 15,534 | ||
| 15,534 | ||
| 34 15,500 |
||
| 15,534 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the 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 Sections 394 and 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 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: 05/06/2023
T J Nash T J Nash (Jun 5, 2023 12:33 GMT+1)
............................................. T J Nash - Trustee
The notes form part of these financial statements
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Collingham Community Trust 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 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
| CHARITABLE ACTIVITIES COSTS | ||||
|---|---|---|---|---|
| Grant | ||||
| funding of | ||||
| activities | ||||
| £ | ||||
| Charitable Activities | 40,300 | |||
| SUPPORT COSTS | ||||
| Governance | ||||
| Management | Finance | costs | Totals | |
| £ | £ | £ | £ | |
| Other resources expended | 26 | 11 | 350 | 387 |
3. SUPPORT COSTS
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.
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continued...
Collingham Community Trust Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
5. ANALYSIS OF GRANTS
| Recipients of grants to institutions: Community Support 2023 Collingham Preschool 1,000 Friends of Trent Vale - Newark Food Bank 1,800 Salvation Army 1,400 Children's Bereavement Centre 2,300 Other community Support 17,100 Support of Local Provisions Beaumond House 2,300 Collingham Village Care 1,500 Other Support of Local Provisions 7,500 Animal Welfare Halfway Home Dog Rescue 1,500 Parrot Zoo Trust 1,000 Pelican Trust - Local Fundraising Initiatives 2,900 RSPB - Environment Support Juvenile Diabetes - Total 40,300 6. MOVEMENT IN FUNDS At 1.4.22 £ Unrestricted funds General fund 34 Restricted funds Restricted fund 15,500 TOTAL FUNDS 15,534 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 401 Restricted funds Restricted fund 40,800 TOTAL FUNDS 41,201 |
2022 1,500 2,000 - 1,500 22,250 3,000 1,750 9,500 2,000 500 500 - 500 500 45,500 Net movement At in funds 31.3.23 £ £ 14 48 500 16,000 514 16,048 Resources Movement expended in funds £ £ (387) 14 (40,300) 500 (40,687) 514 |
|
|---|---|---|
| 2023 | ||
| 1,000 | ||
| - | ||
| 1,800 | ||
| 1,400 | ||
| 2,300 | ||
| 17,100 | ||
| 2,300 | ||
| 1,500 | ||
| 7,500 | ||
| 1,500 | ||
| 1,000 | ||
| - | ||
| 2,900 | ||
| - | ||
| - | ||
| 40,300 | ||
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continued...
Collingham Community Trust Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.21 | in funds | 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 50 |
(16) | 34 | |
| Restricted funds | |||
| Restricted fund 11,000 |
4,500 | 15,500 | |
| TOTAL FUNDS 11,050 |
4,484 | 15,534 | |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 299 |
(315) | (16) | |
| Restricted funds | |||
| Restricted fund 50,000 |
(45,500) | 4,500 | |
| TOTAL FUNDS 50,299 |
(45,815) | 4,484 |
The restricted funds of £16,000 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 2023 (31 March 2022 - £nil).
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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 2023 2023 2022 £ £ 41,201 50,299 41,201 50,299 40,300 45,500 26 13 11 2 350 300 40,687 45,815 514 4,484 |
Detailed Statement of Financial Activities for the Year Ended 31 March 2023 2023 2022 £ £ 41,201 50,299 41,201 50,299 40,300 45,500 26 13 11 2 350 300 40,687 45,815 514 4,484 |
|---|---|---|
| 50,299 45,500 13 2 300 |
||
| 45,815 | ||
| 4,484 |
This page does not form part of the statutory financial statements
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