**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:-
- the advancement of education through training, advice and guidance by whatever charitable means the directors think fit;
- the relief of poverty and the promotion of good health through the provision of drop in, advice, counselling, training, information and guidance sessions;
- the provision of facilities for recreation and other leisure time occupation for those persons who have need by reason of their youth, age, infirmity, social or economic circumstances with the object of improving their conditions of life as a way of promoting community cohesion;
- To promote the conservation protection and improvement of the physical and natural environment by promoting biological diversity through the provision, conservation, restoration, or enhancement of a natural habitat or the maintenance or recovery of a species in its natural habitat, on land or in water situated in the vicinity of a landfill site.
## **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:
- Centre 2 - Counselling 1 - Digital 9 - Dobcroft Digital 5 - Employability 3 - Events 42 - Garden 16 - Health 2 - Land Management 26 - Nature Reserve 7 - Pantry 16 - Reception 6 - Social 4 - Thrifty Kitchen 3 - Trustee 7
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:
- Mental Health teams: through established links where we support clients health/mental wellbeing
- Community Food Hub Network: providing a stepping stone from food banks and reducing food insecurities
- Housing Associations: supporting tenants to access support they need
- Unite Community Partnership: bringing key partners together to identify local needs, and improve joined-up working
- Building Better Opportunities Partners: through referrals and supporting participants with confidence, employability, skills opportunities
- Share-It Scheme: Intact is a local referral agency for people in food poverty and work closely with local churches/other agencies to ensure food parcels are easily accessible.
- Job Centre Plus: Intact’s Employability Mentoring scheme addresses low confidence and poor IT Skills for those looking for work. A weekly presence at the job centre ensures people are linked into our programme
- Peer Talk – We support PeerTalk's network of volunteers, to use our community facilities, enabling them to provide peer support group meetings for people who experience depression. Our volunteers support the delivery of these weekly sessions, through one-one counselling and Intact refer people into this service through our other programmes e.g. BBO
## **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**
7. **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.
8. **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.
9. **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
10. **Community Foundation for Lancashire (£3,000)** – this grant was provided to purchase food to top up Whitby’s pantry
11. **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
12. **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
13. **Places for People (£2,000)** - This was a grant towards food for the Pantry
14. **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
3. Restore reassurance by building financial resilience and capabilities.
4. 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:**
- **Earned Income** : food/product sales; course/event fees; room/facilities hire
- **Community/Digital Fundraising** : sponsored events; campaigns
- **Donations/Individual Giving** : Donation station in the Centre; newly designed website with ability to pay
- through PayPal, making it easier for people to donate
- **Corporate Fundraising:** Identify donors that support Intact's general work
## **Intact's fundraising goals are to:**
- Establish a culture of fundraising that involves board, staff, volunteers
- Develop new ways to increase earned income e.g. sale of goods/expertise
- Increase annual fundraising revenue
- Expand revenue from partnerships e.g. new/existing Housing Associations
- Secure Commissioned income from NHS to deliver mental health services
- Engage with corporate donors to raise a new source of income
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## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation
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:
- (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 accounting records; or
- (3.) 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
- (4).) 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)].
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**
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## **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:
- Property 2% straight line - Fixtures & fittings written off over five years - Computer equipment written off over three years
## **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