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2023-03-31-accounts

Registered number: 06716300 Charity number: 1128330

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its trustees and advisers 1 - 2
Chairman's statement 3
Trustees' report 4 - 11
Independent examiner's report 12
Statement of financial activities (incorporating income and expenditure account) 13
Balance sheet 14 - 15
Notes to the financial statements 16 - 30

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Trustees

William Dermot Shannon, Chair Malcolm Arthur Clarke Ray Wilfred Sudlow Christine McCallum (resigned 27.09.23) Jane Keith (resigned 11.11.22) John James Potter Gwyneth Ann Mooney

Company registered number

06716300

Charity registered number

1128330

Registered office

The Intact Centre 49 Whitby Avenue, Ingol Preston PR2 3YP

Company secretary

Denise Claire Hartley MBE

Chief executive officer

Denise Claire Hartley MBE

Accountants

CW Accountants Ltd 30 Brotherston Drive Blackburn BB2 4FJ

Bankers

TSB 187 Station Road Bamber Bridge Preston PR5 6LA

Page 1

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Advisers (continued)

Independent Examiner

Paul Woodburn, FCA member of ICAEW Partner for Wallwork Nelson & Johnson Chandler House 7 Ferry Road Preston, Lancashire PR2 2YH

Page 2

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

Well, that was quite a year! While 2021 had seen the end of the dominance of Covid in all our lives, 2022 saw a new threat to our service users– the Cost of Living Crisis – with the rapid increase in energy prices. In August 2022 we were approached out of the blue by ITV’s ‘Good Morning Britain’ to do a live piece from the Centre to talk about how the Crisis was hitting our service users, and what we were doing to mitigate their problems. One unforeseen outcome of the airing of that programme was that we were approached by Cadent Gas Network, which led to our entering into a partnership with them for us to deliver Centre-based support and advice, especially energy and money advice. This involved our taking on a new Energy and Money Advice Manager, Shannon Williams, who joined us early in the new financial year (May 2023). Over the winter of 2022-23, though, we had also, in collaboration with the Unite Partnership, and partially funded by Ingol and Tanterton Neighbourhood Council, beginning in November 2022, led a Warm Space Programme, whereby we, and our partners, provided a range of events and activities each day throughout the week at a range of venues, with the aim of ensuring no-one in Ingol was left cold and alone.

During the year we had quite a churn of personnel. Jane Keith, a Director since 2017, stood down from the Board. Long-serving staff member Debra Fitzsimmons left us in November 2022, while Steffi Afifi left in June. David Brown retired at the end of the financial year, as his funding came to an end; and early in the new financial year, in May 2023, Ian Wright moved from us to a new role. Lia (Erphelia) Chambers left her role in Whitby’s Homemade, and Sally Hodgson retired from the Pantry. All will be missed. As you can imagine, this has led to substantial restructuring, and in terms of newcomers, we were delighted to be able to offer all three of our Kickstart trainees permanent positions, Pearl Cooper as Centre Administrator, Amie Cookson as Pantry Coordinator and Katrina Duxbury as Homemade and Café Assistant: while we also welcomed Amy Welsh and Janet Fielding as Receptionist/Centre Support Officers: and Janette Rigby joined us as Mental Health Practitioner. Meanwhile Rob Gregson accepted a new role as Whitby’s Food Hub Manager. All the newcomers have hit the ground running, but as you can imagine, there has been a lot of disruption during the year, which has put a huge strain upon Denise, Steph, Matthew and Lizzie – so the Board are most grateful for the way they have kept the plates spinning during this difficult time.

Ten years ago, in November 2013, we signed a new 21-year lease with Lancashire County Council (LCC) for the land upon which our Centre stands (we own the building, but not the land). As we approach the half-way mark in that lease, we were concerned that grant-funders would start to express concerns, and so the Board decided that we should contact LCC with a request to extend the lease to 99 years .We hope to report a successful outcome next year.

Turning to our financial results, compared with last year’s loss of £25,169, this year we achieved a surplus of £5,127. This figure is after accounting for the notional cost of our transfer to Ingol Community Primary of our interest in the Sports Hub behind our premises (which still had an asset value of £22,320). We had a significant increase in grant funding, from £286,714 in 2021-22 to £424,608 this year, thanks in particular to the bid-writing skills of Denise and the team. Details of the income from ‘restricted’ grants can be seen on page 26, and on page 7, but we would also like to thank Ingol and Tanterton Neighbourhood Council for agreeing a new threeyear stream of unrestricted, undesignated, Core Funding starting in 2023. However, a significant contributor to this year’s surplus was an anonymous donation of £14,195. We shall be eternally grateful to the donor, whoever they are. We have not yet spent the donation, but have set it aside as a Designated fund known as the Gold Fund, which will be spent during the coming year(s) on revenue or capital projects to be decided by the Board. As a result of the surplus, our total Funds at the year-end have risen from £267,585 to £272,712. However, members should note that only £562 of this is Free Reserves (see the definition on page 8), whereas the Board considers a ‘safe’ level of Free Reserves, given our current level of expenditure, would be between £80,000 and £120,000. We will therefore continue to aim to make modest surpluses in the coming years, rather than deplete those reserves – which are there to help us through any future emergency. In the meantime. the Board will not take any new decisions to spend our Free Reserves (unless forced to do so by circumstances beyond our control).

Name Bill Shannon Chairman Date 17 October 2023

Page 3

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their annual report together with the financial statements of the charity for the 1 April 2022 to 31 March 2023. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), 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) as amended by Update Bulletin 1 (effective 1 January 2015).

Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

The charity also trades under the name INTACT.

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit.

The objectives of the charity are to further benefit the residents of Preston and the surrounding areas, primarily but not exclusively those inhabitants of Ingol and Tanterton ward, through the following:-

b. ACTIVITIES FOR ACHIEVING OBJECTIVES

To achieve the objectives specified above, the charity provides a community centre, Dobcroft nature reserve and drop-in facility for members of the local community, where it offers a wide range of services and activities for local people including a range of confidential services from fully trained staff, students and volunteers, to meet the needs of the community, especially the vulnerable.

c. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC BENEFIT

The charity operates a community centre and Dobccroft nature reserve and has organised fundraising events and received funding and service delivery grants to promote the activities available for all ages at the centre. (see the Review of Activities section for more details of the activities undertaken by the charity)

Page 4

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023

d. VOLUNTEERS

IIntact continues to provide a good quality Volunteer Programme that supports a wide range of people from all walks of life. Without its dedicated volunteers, many services and activities would cease to exist as they play a key and vital role in their delivery, regularly supporting and befriending our service users. Intact had a bank of 91 volunteers for April 2022 to March 2023 all of whom were involved in a wide range of volunteering opportunities, Volunteers by area:

The total number of hours they have all worked during this period are 5,843 e.g. Hours by area: Centre 23.5; Counselling 152.5; Digital 672; Digital Dobcroft 35.5; Employability 123; Events 267.50; Garden 202; Health 55; Land Management 1,877.5; Nature Reserve 42.5; Pantry 781.5; Reception 882.5; Social 87; Thrifty Kitchen 80; Trustee 561

ACHIEVEMENTS AND PERFORMANCE

a. REVIEW OF ACTIVITIES

Operating locally for almost 30 years, Intact, is a multi-faceted ‘grassroots’ community hub for people of all ages, and has ‘been there’ for our community, working in partnership on a range of multi-agency initiatives, raising funds to expand and improve the building into a valuable community based asset, where local people enjoy spending their time and accessing much-needed services and support. A five-acre site behind our premises, known as Dobcroft Nature Reserve and fabulous sensory garden creates a peaceful, safe space that increases well-being.

Intact continues to support and serve people of Ingol & Tanterton, and elsewhere in Preston, by operating a Community Centre and running a range of specialised services for vulnerable and disadvantaged people, both at the centre and out in the community. Most of our staff are funded on a project basis to deliver outcomes, most of which relate to: tackling economic exclusion; health issues; work with vulnerable people and reducing social isolation.

Page 5

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023

a. REVIEW OF ACTIVITIES - continued

Our mission is ‘ Making a difference by being there ’ and our objectives are:

  1. To support people to become actively involved in their community, and to develop local social capital and cohesion

  2. To provide high quality activities and services – contributing to the health, social and economic wellbeing of the community

  3. To enhance the local environment and provide high quality community facilities

  4. To achieve a strong, sustainable, reputable, and influential organisation, well connected to a broad range of partners.

The following gives an overview of services, programmes and projects we were able to provide during the period of April 2022 – March 2023

Number Service Users accessing by Area 1. Pantry 192 2. Crisis Support 32 3. Cook and Eat/Thrifty Kitchen 63 /Slow Cooker 4. Digital 160 5. Employability 48 6. Community Lunch 66 7. Counselling 31 8. Friendly Friday 40 9. Free Smoke Alarm 11 10. Cadent (Advice) 105 11. Advice and information 238 12. Nature Reserve 83 13. Warm Spaces 129 14. Choir 26 15. Spring Fair 126 16. Family Food Festival 84 17. Jubilee Celebration 432 recorded, possibly many more

In October 2022, Intact secured a new contract from Cadent Gas Network to deliver a two-year project ‘Centre for warmth’ that is about restoring reassurance by building financial resilience and capabilities.

The main aim and ambition for this project is to:

  1. Enable Intact to employ an Energy and Money Advice Manager and a Community Events Manager, whose specific roles will be to give energy advice to our service users and the wider community, assisting with fuel debt, changing energy related behaviour, finding solutions to energy issues and raising awareness of carbon monoxide poisoning. Staff will support people experiencing fuel poverty and hardship to maximise household income, reduce outgoings and build financial wellbeing and independence.

  2. Bring together a range of specialists from other charities / public sector agencies that deal with debt; energy; housing etc. and to provide drop-in sessions energy related / fuel poverty sessions at various community venues and to provide 4 annual community events to bring people together to access a range of support / energy advices services

Page 6

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023

a. REVIEW OF ACTIVITIES - continued

Partnership working:

At Intact we are skilled in establishing effective partnership working, with other community organisations, local providers, and the public sector, to support our community and its requirements. By working inclusively with residents and our partners, Intact can empower local people and ensure that the services delivered to the community meet its specific needs. Intacts established networks have been strengthened over 30 years of multi agency working. Recognized locally as a 'way into Ingol’ by City wide agencies, the existence of Intact benefits organisations working locally. Intact is recognised by Preston City Council as a model of good practice by its community engagement, its partnerships and its capacity building in communities.

We link to existing services and local resources:

Restricted Fund Purposes

  1. The Big Lottery Community Fund – Nurture, Nourish Sustain – This funding has helped to reduce food poverty, develop key life and employability skills, improve health and well-being, maximise potential of Intacts community asset base and recruit a team of volunteers to support delivery of Whitby’s Pantry, Homemade food service and Thrifty Kitchens cook and eat sessions.

  2. Big Lottery Awards for All (£10,000) – This funding will be used to deliver the Summer Vision Community festival in June 2023

  3. Cadent Gas Network – This funding was provided for two contracts - the Centre for Warmth project and the Warmer Nights project . The Centre for Warmth project funds staff salaries which will deliver community centre based support and advice to assist local residents who may be experiencing home energy issues (e.g. fuel debt, billing queries etc.) by providing energy and money advice and carbon monoxide safety advice. The Warmer Nights project funds the centre to open for extra hours in the evening through the winter months, providing a warm space where people can go for a healthy, nutritious meal and staff will provide services to assist with fuel poverty, debt consolidation, etc similar to the Centre for Warmth project.

  4. Preston City Council Digital and Well Being Services (£10,000) – This funding was a contribution towards the Mental Health Practitioner and the Digital Inclusion Mentors salary for the provision of digital inclusion services, and a range of activities to support the mental health and well-being of service users

  5. Preston City Council Food for Pantry (£5,350) – a range of small grants were provided to purchase food to top up Whitby’s pantry

  6. Henry Smith Charity – This funding goes towards the provision of our Centre support and advice service and counselling service and was used for the running costs, staff salaries and other general overheads

Page 7

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023

a. REVIEW OF ACTIVITIES - continued

Restricted Fund Purposes - continued

  1. The Big Lottery Heritage Fund - Digital Dobcroft Project – This funding ensures that Intacts Nature Reserve ‘Dobcroft’, which is based around the protection of the Great Crested Newt (GCN) will be more accessible, preserved and safeguarded for future generations by developing skills, understanding and knowledge of natural heritage, encouraging community ownership to responsibly preserve biodiversity in urban community. Project activities will take place online, face-to-face, with a mixture of these, both indoors and outdoors.

  2. Selnet – BBO - This Building Better Opportunities (BBO) is a national programme from The National Lottery Community Fund who are matching funds from the European Social Fund (ESF) to invest in local projects tackling the root causes of poverty, promoting social inclusion and driving local jobs and growth. This funding helped disadvantaged people to benefit from tailored support to overcome complex barriers and move towards work and training. Funding has now ended and the project finished on the 31st March 2023.

  3. Tudor Trust (£30,036) – this funding was used towards the provision of a digital inclusion service and a contribution towards the overall running costs of the Intact centre

  4. Community Foundation for Lancashire (£3,000) – this grant was provided to purchase food to top up Whitby’s pantry

  5. Community Foundation for Lancashire (£9,900) – this was a grant provided to deliver a Community Event ‘Let’s Celebrate’ to commemorate the Queens Jubilee 2022

  6. Barrett’s Development Charitable Trust – a grant was provided to deliver a range of woodworking workshops on the Dobcroft Nature Reserve using the trees that were affected by Ash Die Back

  7. Places for People (£2,000) - This was a grant towards food for the Pantry

  8. Anonymous Donation (£1.000) - This donation was towards the Community Choir for the Queen's Jubilee Fund

FINANCIAL REVIEW

a. GOING CONCERN

After making appropriate enquiries, the trustees have a reasonable expectation that the charity 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.

b. RESERVES POLICY

Free Reserves are those unrestricted funds which are available to be used for any purpose at short notice. It is the policy of the charity to aim to hold sufficient Free Reserves to cover the management, administrative, operating and support costs for the ensuing three months.

During the year the total expenditure averaged £116,934 over a three month period (2022 - £84,468), so the target level of Free Reserves is now between £80,000 and £120,000.

As at 31st March 2023 the Free Reserves were £562 (2022 - £10,372 restated) which comprised £10,123 of current assets (cash at bank, in hand and owed by debtors) less £4,561 of money owed in short term current liabilities and £5,000 in long term liabilities. The trustees intend to continue to progressively grow the Free Reserves up to the target level by increasing income and continued prudent management of the expenditure.

Page 8

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. CONSTITUTION

The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 6th October 2008 and amended by special resolution on 23rd February 2009, and is a registered charity number 1128330.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

c. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The Trustees who served during the year are set out on the Reference and Admin details on page 1 of these financial statements. The Trustees meet on a quarterly basis as a minimum and more often if required. The Intact Sub Committees ie. Finance, Business Development and Personnel and Policy, meet on a quarterly basis to oversee the efficient running of the charity

d. RELATED PARTY RELATIONSHIPS

On the 5th December 2012 the charity acquired 100% of the shares in a limited company Community Cogs Limited (registered company number 08319660). This company operated a cafe and offers catering services to the community. Community Cogs Limited ceased to trade on 30 June 2017 and all activities were transferred to the charity.

John James Potter is Trustee of the charity and provided social media services to the charity of £7,500 (2022 - £8,500).

e. RISK MANAGEMENT

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. These major risks are the impact of short term funding, changes in funding streams, changes to key personnel and changes in local and central government policy.

PLANS FOR FUTURE PERIODS

a. FUTURE DEVELOPMENTS

As evidenced in impact data our services have helped to, and will continue to:

  1. Address issues of poverty, food and fuel insecurity, improve mental health, well-being and quality of life 2. Support more vulnerable service users by liaising with professionals through our triage service

  2. Restore reassurance by building financial resilience and capabilities.

  3. Develop key life and employability skills through participants engaging in structured volunteering and certification opportunities increasing their chances of employment 5 Reduce loneliness, social isolation and digital exclusion

Page 9

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023

a. FUTURE DEVELOPMENTS - continued

Intact is already increasing access to early intervention services, such as Social Services, the NHS and GP’s. We want to develop our Triage Service by collaborating between primary care services, health and social care teams to meet the totality of individual/family needs.

Developing Intact:

Continuation of our core service is vital as rising inflation and energy bills and effects of the pandemic, hits our community and all who live there. Since the arrival of Covid-19, mental health is our biggest challenge, with people needing support, with debt problems, food insecurity and counselling. The next 2-3 years brings new opportunities to develop relationships with the NHS, especially Lancashire and South Cumbria NHS Trust, who want to commission a range of mental health integrated voluntary, community, faith and social enterprises to support residents with moderate to severe mental illness. Intact has worked with Social Services, Preston Community Mental Health Team and Community living skills team to support individuals and we aim to strengthen longer-term partnerships with existing networks and seek out new ones, helping address mental health needs.

A new working relationship with Cadent Gas Network is bringing new opportunities to support local residents and those that are at the sharp end of the cost of living crisis, struggling both financially, socially and emotionally due to the state of the economy and the lack of opportunities and reduced income. Our new Centre for Warmth project will enable the staff team to give energy advice to our service users and the wider community, assisting with fuel debt, changing energy related behaviour, finding solutions to energy issues and raising awareness of carbon monoxide poisoning. We will be able to support more local people who are experiencing fuel and food poverty and hardship enabling them to maximise household income, reduce outgoings and build financial wellbeing and independence

Intact aims to develop a sustaining source of income through a variety of measures: Intact has tried to develop a business model based on 60% grants and 40% traded income. Operating in a disadvantaged community means we will always require grant funding to support those who cannot afford to pay for our services. However, we are developing opportunities for further funding and investment, through our newly formed relationships with the NHS and Corporate partners. There are exciting opportunities on the horizon, to be commissioned to deliver mental health/well-being services, as the NHS develop their working practices to work with the VCFSE Sectors. Intact's Business Development Sub Committee supports and oversees the fundraising activities, drawing in Board members, to promote Intact and its work to potential funders, individuals, corporate donors.

Intact aims to increase income from:

Intact's fundraising goals are to:

Page 10

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023

MEMBERS' LIABILITY

The Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up.

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustees (who are also directors of Ingol and Tanterton Community Trust Ltd for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)..

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees, on

and signed on their behalf by:

Trustee

Trustee

Page 11

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INGOL AND TANTERTON COMMUNITY TRUST LTD (the 'charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2023, which are set out on pages 13 to 30.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act')..

IHaving 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

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

II 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.

Signed:

Dated:

Paul Woodburn ICAEW

WALLWORK NELSON & JOHNSON

Page 12

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

Note
INCOME AND ENDOWMENTS
FROM:
Donations and legacies
2
Charitable activities
3
Fundraising income
4
Other income
TOTAL INCOME AND
ENDOWMENTS
EXPENDITURE ON:
Raising funds
Charitable activities:
Donated equipment
Governance costs
Other charitable activities
TOTAL EXPENDITURE
6
NET INCOME /
(EXPENDITURE) BEFORE
TRANSFERS
Transfers between Funds
14
NET INCOME /
(EXPENDITURE) BEFORE
OTHER RECOGNISED
GAINS AND LOSSES
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Designated
funds
2023
£
14,195
-
-
-
14,195
-
-
-
-
-
14,195
(2,648)
11,547
11,547
35,810
47,357		 Restricted
funds
Unrestricted
funds
2023
£
2023
£
2,500
9,879
393,006
31,602
-
21,185
-
495
395,506
63,161
-
15,517
22,230
-
-
4,002
384,634
41,352
406,864
60,871
(11,358)
2,290
15,145
(12,497)
3,787
(10,207)
3,787
(10,207)
157,106
74,669
160,893
64,462		 Total
funds
2023
£
26,574
424,608
21,185
495
472,862
15,517
22,230
4,002
425,986
467,735
5,127
-
5,127
5,127
267,585
272,712		 Total
funds
2022
£
3,500
286,714
16,635
5,855
312,704
9,070
-
2,630
326,173
337,873
(25,169)
-
(25,169)
(25,169)
292,754
267,585

The notes on pages 16 to 30 form part of these financial statements.

Page 13

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee) REGISTERED NUMBER: 06716300

BALANCE SHEET AS AT 31 MARCH 2023

Note
FIXED ASSETS
Tangible assets
9
Investments
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
CREDITORS:amounts falling due within
one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS:amounts falling due after
more than one year
13
NET ASSETS
CHARITY FUNDS
Designated funds
14
Restricted funds
14
Unrestricted funds
14
TOTAL FUNDS		 £
21,229
142,133
163,362
(87,308)		 2023
£
683,413
100
683,513
76,054
759,567
(486,855)
272,712
47,357
160,893
64,462
272,712		 £
10,700
97,632
108,332
(53,357)		 2022
£
718,866
100
718,966
54,975
773,941
(506,356)
267,585
35,810
157,106
74,669
267,585

The charity's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year in question, the charitable company was entitled to exemption from an audit under section 477 of the Companies Act 2006.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act.

The trustees/directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Page 14

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

BALANCE SHEET (continued) AS AT 31 MARCH 2023

The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf, by:

Trustee Trustee

The notes on pages 16 to 30 form part of these financial statements.

Page 15

INGOL AND TANTERTON COMMUNITY TRUST LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Ingol and Tanterton Community Trust Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Reconciliation with previous Generally Accepted Accounting Practice

In preparing these accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.

No restatements were required.

1.3 Company status

The charity is a company limited by guarantee. The members of the company are the Trustees whose names appear on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

1.4 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Page 16

INGOL AND TANTERTON COMMUNITY TRUST LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES (continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

1.6 Tangible fixed assets and depreciation

All assets costing more than £1,000 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

1.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading ‘Gains/(losses) on investments’ in the Statement of financial activities incorporating income and expenditure account.

Page 17

INGOL AND TANTERTON COMMUNITY TRUST LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES (continued)

1.8 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.10 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.

1.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.12 Financial instruments

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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.13 Pensions

The charity pays pension contributions into their staff's personal pension schemes.

Page 18

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES (continued)

1.14 Fund accounting

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 comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2. INCOME FROM DONATIONS AND LEGACIES

Donations
Total 2022		 Designated
funds
2023
£
14,195
-		 Restricted
funds
Unrestricted
funds
2023
£
2023
£
2,500
9,879
1,242
2,258		 Total
funds
2023
£
26,574
3,500		 Total
funds
2022
£
3,500

3. INCOME FROM CHARITABLE ACTIVITIES

Funding bids received
Room hire
200 Club monies received
Total 2022		 Designated
funds
2023
£
-
-
-
-
-		 Restricted
funds
Unrestricted
funds
2023
£
2023
£
393,006
24,000
-
5,676
-
1,926
393,006
31,602
239,920
46,794		 Total
funds
2023
£
417,006
5,676
1,926
424,608
286,714		 Total
funds
2022
£
280,960
3,562
2,192
286,714

Page 19

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

4. FUNDRAISING INCOME

Catering income
Total 2022
GOVERNANCE COSTS

Accountancy fees
Legal and professional fees
Bank and credit card
charges		 Designated
funds
2023
£
-
-
-
Designated
funds
2023
£
-
-
-
-		 Restricted
funds
Unrestricted
funds
2023
£
2023
£
-
21,185
-
21,185
-
16,635
Restricted
funds
Unrestricted
funds
2023
£
2023
£
-
2,089
-
1,883
-
30
-
4,002		 Total
funds
2023
£
21,185
21,185
16,635
Total
funds
2023
£
2,089
1,883
30
4,002		 Total
funds
2022
£
16,635
16,635
Total
funds
2022
£
1,327
1,273
30
2,630

5. GOVERNANCE COSTS

Total governance costs to March 2022 included £Nil restricted expenditure and £2,630 unrestricted expenditure.

Page 20

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

6.
ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Staff costs
Depreciation
Other costs
2023
£
2023
£
2023
£
Costs of generating catering
income
-
-
15,517
Costs of raising funds
-
-
15,517
Charitable activities
280,083
19,243
126,570
Donated equipment to lngol
Community Primary
School
-
-
22,320
Charitable activities
280,083
19,243
148,890
Expenditure on
governance
-
-
4,002
280,083
19,243
168,409
Total 2022
213,632
18,123
106,118		 Total
2023
£
15,517
15,517
425,896
22,320
448,216
4,002
467,735
337,873		 Total
2022
£
9,070
9,070
326,173
-
326,173
2,630
337,873

Page 21

(A company limited by guarantee)

INGOL AND TANTERTON COMMUNITY TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

ANALYSIS OF CHARITABLE ACTIVITES

Wages and salaries
Employers Ni
Pension costs
Depreciation
Staff training costs
Staff travel costs
Project costs
Board and volunteer costs
Office utility costs
IT costs
Office admin costs
Building costs
Equipment costs
Promotional costs

Total		 2023
£
255,997
13,106
10,980
19,243
1,439
898
35,379
3,260
16,648
19,612
5,165
26,067
7,226
10,876

425,896		 2022
£
194,925
9,050
9,657
18,123
1,715
743
18,325
2,497
10,260
12,826
3,761
22,075
10,600
11,616
326,173

The total charitable activities to March 2023 include £388,500 restricted expenditure (2022 - £269,516) and £37,396 unrestricted expenditure (2022 - £56,657 unrestricted expenditure)

The charity took a decision in March 2022 to transfer to Ingol Community Primary School the management, operation and repairs of the Sports Hub located to the rear of its premises, which had been paid for by funds raised by the charity in 2007; whilst retaining access and use out of school hours, as a community asset. The residual value of the fixed asset has now been written off and treated as a donation to the school.

7. NET INCOME/(EXPENDITURE)

This is stated after charging:

2023 2022
£ £
Depreciation of tangible fixed assets:
- owned by the charity 19,242 18,123
Accountancy fees 2,089 1,327

During the year, no Trustees received any remuneration (2022 - £NIL). During the year, no Trustees received any benefits in kind (2022 - £NIL). During the year, no Trustees received any reimbursement of expenses (2022 - £NIL).

Page 22

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

8. STAFF COSTS

Staff costs were as follows:

Wages and salaries
Social security costs
Other pension costs		 2023
£
255,997
13,106
10,980
280,083		 2022
£
194,925
9,050
9,657
213,632

The average number of persons employed by the charity during the year was as follows:

Chief Executive Officer
Finance and Administration
Community Project Workers
Catering Staff		 2023
No.
1
2
7
3
13		 2022
No.
1
1
5
3
10

No employee received remuneration amounting to more than £60,000 in either year.

9. TANGIBLE FIXED ASSETS

Cost
At 1 April 2022
Additions
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
On disposals
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 Property
£
876,826
-
(31,147)
845,679
159,026
17,537
(8,827)
167,736
677,943
717,800		 Fixtures &
fittings
£
55,727
4,372
-
60,099
54,661
1,271
-
55,932
4,167
1,066		 Computer
equipment
£
23,184
1,737
-
24,921
23,184
434
-
23,618
1,303
-		 Total
£
955,737
6,109
(31,147)
930,699
236,871
19,242
(8,827)
247,286
683,413
718,866

Page 23

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

9. TANGIBLE FIXED ASSETS (continued)

There is a legal charge against the property by Big Lottery, which would require the Trustees, in the event of their selling the building at any time prior to 17th December 2033, to repay the capital grant pertaining to the Big Lottery of £467,064 plus interest which represents the amount of the legal charge. The Trustees have no intention of ever selling the building.

10. FIXED ASSET INVESTMENTS

Shares in group undertakings £ Market value At 1 April 2022 and 31 March 2023 100

Subsidiary undertakings

The following were subsidiary undertakings of the company:

Name Holding
Community Cogs Limited 100%

The aggregate of the share capital and reserves as at 31 March 2023 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Community Cogs Limited
DEBTORS
Invoiced debtors
Other debtors
Prepayments and accrued income		 Aggregate of
share capital
and reserves
£
-
2023
£
1,430
4,310
15,489
21,229		 Profit/(loss)
£
-
2022
£
1,110
4,309
5,281
10,700

11. DEBTORS

Page 24

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

12. CREDITORS: Amounts falling due within one year

Other creditors
Deferred income
Accruals
Deferred income
Deferred income at 1 April 2022
Resources deferred during the year
Amounts released from previous years
Deferred income at 31 March 2023		 2023
£
3,015
81,937
2,356
87,308		 2022
£
2,532
39,117
11,708
53,357
£
39,117
81,937
(39,117)
81,937

ANALYSIS OF INCOME DEFERRED DURING YEAR

Big Lottery £11,368, Tudor Trust £10,012, Henry Smith £20,000, Cadent Gas Centre for Warmth £20,417 and Cadent Gas Warmer Nights £2,071 and Capital Grants £18,069, Total £81,937

13. CREDITORS: Amounts falling due after more than one year

Other creditors
Deferred capital grants		 2023
£
5,000
481,855
486,855		 2022
£
-
506,356
506,356

DEFERRED CAPITAL GRANTS

Big Lottery
Lancashire Environmental Fund
Trusthouse Charitable Foundation

Total		 Grant
Received
£
567,032
30,000
25,000

622,032		 Grant
released
£
(118,449)
(16,728)
(5,000)

(140,177)		 Grant
Deferred
2023
£
448,583
13,272
20,000

481,855		 Grant
Deferred
2022
£
471,984
13,872
20,500
506,356

Capital grants have been deferred in line with depreciation rates and capital expenditure in the year.

Page 25

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Balance at
1 April 2022
£
Unrestricted funds
General Funds
74,669
Designated funds
Redundancy Fund
35,810
Gold Fund
-
35,810		 Income Expenditure
£
£
63,161
(60,871)
-
-
14,195
-
14,195
-		 Transfers
between
funds
£
(12,497)
(2,648)
-
(2,648)		 Balance at
31 March
2023
£
64,462
33,162
14,195
47,357

Page 26

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. STATEMENT OF FUNDS (continued)

Balance at
1 April 2022
£
Restricted funds
The Big Lottery
Community Fund –
Nurture, Nourish Sustain
-
Big Lottery - Awards for All
- Summer Vision Community Festival
-
Preston City Council Well Being
Services
-
Preston City Council - Digital and Core
Service
-
Preston City Council - Food for Pantry -
Household Fund
-
Henry Smith Charity -Contributions
towards Centre Staff and Costs
9,234
The Big Lottery Heritage Fund - Digital
Dobcroft Project
-
Selnet Ltd - BBO funding re IIY/CF
7,345
Sensory Garden Space - Lancs
Environmental Fund/Trafford
Housing/Rotary Club
580
Tudor Trust - Digital and Core Services
-
Selnet Ltd - Kickstart
Programme
3,271
Community Foundation For Lancashire -
Funding for Pantry
-
Community Foundation For Lancashire -
ACE Let's Create Jubilee Fund
-
Places for People - Grant for Pantry
Food
-
Barratts Development Charitable Trust -
Donation for Nature Reserve
-
Anonymous - Donation for Community
Choir -Queen's Jubilee Fund
-
Cadent Gas Network - Centre for
Warmth Project
-
Cadent Gas Network - Warmer Nights
Project
-
Completed Capital Projects (including
Donations and Small Grants)
136,676
157,106
Total of funds
267,585		 Income Expenditure
£
£
67,431
(82,367)
10,000
-
5,000
(1,957)
5,000
(5,000)
5,350
(5,350)
58,133
(55,943)
71,797
(71,937)
63,785
(71,130)
-
(586)
30,036
(25,674)
16,493
(19,764)
3,000
(3,000)
9,900
(9,963)
2,000
(2,000)
1,500
(1,500)
1,000
(1,000)
14,583
(6,456)
12,429
(3,380)
18,069
(39,857)
395,506
(406,864)
472,862
(467,735)		 Transfers
between
funds
£
14,936
-
-
-
-
-
140
-
6
-
-
-
63
-
-
-
-
-
-
15,145
-		 Balance at
31 March
2023
£
-
10,000
3,043
-
-
11,424
-
-
-
4,362
-
-
-
-
-
-
8,127
9,049
114,888
160,893
272,712

Page 27

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. STATEMENT OF FUNDS (continued)

The majority of the restricted funds carried forward represent capital expenditure which will be written off over the asset's useful life.

The Big Lottery Community Fund was matched by £14,936 of funding from Whitby’s Pantry and Café takings and other core generated income.

STATEMENT OF FUNDS - PRIOR YEAR

General Funds
Contingency provision for Redundancies
Restricted funds
Big Lottery - Nurture, Nourish and
Sustain
LCC - Thrifty Kitchen
Co-Op -Local Community Fund - Whitby
PCC Staff salaries
PCC - Omicron
Community Gateway - Whitby
Henry Smith Charity - Contributions
towards Centre Staff and Costs
Heritage Digital Dobcroft - Nature
Reserve
Selnet Ltd - BBO funding re IIY/CF
Sensory Garden Space - Lancs
Environmental Fund/Trafford
Housing/Rotary Club
Completed Capital Projects (including
Donations and Small Grants)
Community Gateway - Uniform Bank
Selnet Ltd - Kickstart Programme		 Balance at
1 April 2021
£
104,132
31,132
Balance at
1 April 2021
£
-
-
-
-
-
-
-
-
14,914
-
142,576
-
-
157,490		 Income
£
71,542
-
Income
£
54,749
1,100
1,642
4,000
2,667
720
54,400
27,039
62,100
13,864
11,637
400
6,844
241,162		 Expenditure
£
(68,357)
-
Expenditure
£
(82,646)
(1,100)
(1,642)
(4,000)
(2,667)
(720)
(45,166)
(27,039)
(69,669)
(13,284)
(17,537)
(473)
(3,573)
(269,516)		 Transfers
between
funds
£
(32,648)
4,678
Transfers
between
funds
£
27,897
-
-
-
-
-
-
-
-
-
-
73
-
27,970		 Balance at
31 March
2022
£
74,669
35,810
Balance at
31 March
2022
£
-
-
-
-
-
-
9,234
-
7,345
580
136,676
-
3,271
157,106

Page 28

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

SUMMARY OF FUNDS - CURRENT YEAR

Balance at
1 April 2022
£
General funds
74,669
Designated funds
35,810
Restricted funds
157,106
267,585
SUMMARY OF FUNDS - PRIOR YEAR
Balance at
1 April 2021
£
General funds
104,132
Designated Funds
31,132
Restricted funds
157,490
292,754		 Income Expenditure
£
£
63,161
(60,871)
14,195
-
395,506
(406,864)
472,862
(467,735)
Income
Expenditure
£
£
71,542
(68,357)
-
-
241,162
(269,516)
312,704
(337,873)		 Transfers
between
funds
£
(12,497)
(2,648)
15,145
-
Transfers
between
funds
£
(32,648)
4,678
27,970
-		 Balance at
31 March
2023
£
64,462
47,357
160,893
272,712
Balance at
31 March
2022
£
74,669
35,810
157,106
267,585

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Designated
funds
2023
£
Tangible fixed assets
-
Fixed asset investments
-
Current assets
47,357
Creditors due within one year
-
Creditors due in more than one year
-
47,357		 Restricted
funds
Unrestricted
funds
2023
£
2023
£
619,613
63,800
-
100
105,882
10,123
(82,747)
(4,561)
(481,855)
(5,000)
160,893
64,462		 Total
funds
2023
£
683,413
100
163,362
(87,308)
(486,855)
272,712

Page 29

INGOL AND TANTERTON COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR - AS RESTATED

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year		 Designated
funds
2022
£
-
-
35,810
-
-
35,810		 Restricted
funds
Unrestricted
funds
2022
£
2022
£
654,669
64,197
-
100
48,410
24,112
(39,617)
(13,740)
(506,356)
-
157,106
74,669		 Total
funds
2022
£
718,866
100
108,332
(53,357)
(506,356)
267,585

The funding splits for the previous year were incorrect and have been restated as above. The restricted tangible fixed assets were shown as £663,462 and restricted current assets were £39,617 in 2022. The unrestricted tangible fixed assets were 55,404 and the unrestricted current assets were £32,905 in 2022..

16. PENSION COMMITMENTS

The charity pays pension contributions into their staff's personal pension schemes. Any amounts owing at the year end are shown in creditors.

17. RELATED PARTY TRANSACTIONS

Community Cogs Limited is a limited company with a share capital (number 08319660). The charity is a corporate director and owns all the shares of the company.

The company ceased to trade from 30 June 2017 and all activities were transferred to the charity.

John James Potter is a Trustee of the charity and provided social media services to the charity for £7,500 (2022 - £8,500.)

18. CONTROLLING PARTY

The charity is controlled by the trustees

19. CONTINGENT ASSET

Trustees were made aware on 5th April 2023 of a legacy from the Estate of Pauline Margaret Sinclair, Deceased. The exact amount of the residuary legacy has yet to be determined.

Page 30