REGISTERED COMPANY NUMBER: 06802918 (England and Wales) REGISTERED CHARITY NUMBER: 1130427
Report of the Trustees and Financial Statements For The Year Ended 31st May 2022 for Guardians of Strutts
Dale Accounting Services Limited 64 High Street Belper Derbyshire DE56 1GF
Guardians of Strutts
| Contents of the Financial Statements | |||
|---|---|---|---|
| For The Year Ended 31st May 2022 | |||
| Page | |||
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
Guardians of Strutts
Report of the Trustees For The Year Ended 31st May 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st May 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To further or benefit the residents of Belper and the neighbourhood, without distinction of sex, sexual orientation, race or political, religious or other opinions by associating together, the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupations with the objectives of improving the conditions of life for the residents.
To secure and preserve the Herbert Strutt School Building on Derby Road, for the benefit and use of the inhabitants of the Township of Belper, in perpetuity, and in accordance with the original 1909 Strutt Conveyance.
To encourage the sustainability of the township of Belper.
Significant activities
It has been a "rollercoaster ride" this year with the impact of the coronavirus pandemic felt in every aspect of our lives. Strutts has so far weathered the storm due to our prudent financial management of the Project and Government support. We have reduced expenditure to a minimum but have invested where necessary to prepare for the future. Thanks to the efforts of our volunteers, we have reopened and can look forward to the coming year with more confidence than the last.
Income from Room Hire showed an increase of £57,140 over last year, which represented a 322% improvement, from a very low level. This was despite losing an estimated 10 weeks trading- seven weeks were initially lost due to the release date of coronavirus restrictions on the 19th July 2021- and an estimated further loss of 3 weeks as confidence to return to the Centre began to build from a low point. This was a tremendous achievement under very challenging circumstances.
Catering revealed income of £2,757 and a profit of £1,108; a 40% return.
Bar takings of £1,724 resulted in a net profit of £1,118; a healthy return of almost 65%.
On a positive note, Central Government, via the local authority, made further grants of up to £4,000 to the charity as a means of financial support during the coronavirus lockdown.
Page 1
Guardians of Strutts
Report of the Trustees For The Year Ended 31st May 2022
FINANCIAL REVIEW Reserves policy
The Trustees have reviewed the reserves of the charity. The review considered the nature of the income and expenditure streams and the need to match variable income with fixed commitments and the nature of the reserves.
The unrestricted reserves increased to £157,819 in the year to 31st May 2022.
Restricted reserves show an increase to give a grand total of £14,980, which includes the Ryklow Trust account of £727.
Unrestricted funds increased by £13,102 compared with a decrease of £21,150 in the previous year. This has resulted in an overall surplus to date of £172,799.
Strutt Centre Limited gifted £76,459 to the charity, which represented a 480% increase over the previous year. This is a tremendous achievement under the circumstances and gives us hope that we can continue to increase turnover as confidence returns to our users.
As a result of the pandemic, the site remained closed to the public until 19th July 2021.The Strutts Community Centre ceased trading during the 7 weeks prior to this date and with confidence to return to the building being spasmodic in the early days, with the potential loss equivalent to 10 weeks trading, estimated cost to be in excess of £20,000.
The uncertainty caused by the pandemic makes it necessary to adopt a cautious policy with regards to our financial affairs. We need to minimise operating costs and direct our volunteer effort towards increasing turnover. At the same time however, we need to be prepared to invest for the future when the circumstances are right. Expenditure
The Guardians have used £24,743 of the available funds to general repairs and improve facilities throughout the site during this period including:
Details £ Repairs
-
Alarm system repair 397
-
Floodlight repairs 394
-
Attention to faulty CCTV cameras 468
-
Repair lights & paint caretaker's 287
-
Repair x8 & X10 toilets 142
-
Remount reception displays 58
-
Clean gulleys & gutters 1,638 8. Repair house roof 1,024
-
Re-build stone pillar - adjacent A6 footpath 384 10. Garden maintenance 112
-
Repair UPS system - lift 516 12. Attention to smoke detector - alarm system 115 13. Seal floor room 17 1,440 14. Decorate room 15 4,978 15. Seal floor room 15 1,320 16. Repair & petrol for mower 323 Repairs Subtotal 13,596
Statutory Maintenance 17. Fire Extinguishers Checks 276 18. Legionella Sample Checks 480 19. Service Gas Boilers 360 20. Lift Service 240 Statutory Maintenance subtotal 1,356
Capital Items 21. Room 30 Toilet/ Washroom 5,579 22. Library Window Protector 2,100 23. Interlocking Screens 2,112 Capital Items subtotal 9,791
Total 24,743
Page 2
Guardians of Strutts
Report of the Trustees
For The Year Ended 31st May 2022
Apart from the profits generated from the trading subsidiary, Strutts Centre Limited, another key area of support for the Project being Belper Strutts Society. Financial assistance has been given to provide display panels, training and funding the new web site. This being possible due to the Society's fund-raising efforts with events at Strutts. The Trustees wish to record their appreciation of these efforts and financial contributions.
The trustees also wish to thank those who have supported the Project financially, especially all those individuals and groups who have used the building.
Most importantly of all, the Trustees wish to thank all volunteers for their efforts during a very challenging period. The levels of business achieved in the year to 31st May 2022 would not have been possible without the dedication and hard work our loyal group of volunteers.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Guardians of Strutts Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Guardians of Strutts Charity owns the Herbert Strutt School site on behalf of the people of Belper and aims to restore the building to its former glory. It has a wholly owned trading company, called Strutt Centre Limited, which operates the site as a community centre and donates its entire operating surplus to the Guardians of Strutts. The Guardians are supported by a "friends group", called the Belper Strutts Society, which raises funds and provides volunteers to help run the Strutts Community Centre.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06802918 (England and Wales)
Registered Charity number 1130427
Registered office
Strutts Centre Derby Road Belper Derbyshire DE56 1UU
Trustees
Miss J Honey Mrs C H Maddock E Manning Dr N P McLeod Mrs K Manning G Henshaw (appointed 4.2.22)
Independent Examiner
Edward Wint Dale Accounting Services Limited 64 High Street Belper Derbyshire DE56 1GF
Approved by order of the board of trustees on 20th February 2023 and signed on its behalf by:
Dr N P McLeod - Trustee
Page 3
Independent Examiner's Report to the Trustees of Guardians of Strutts
Independent examiner's report to the trustees of Guardians of Strutts ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st May 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Edward Wint
Dale Accounting Services Limited 64 High Street Belper Derbyshire DE56 1GF
Date: .............................................
Page 4
Guardians of Strutts
Statement of Financial Activities
For The Year Ended 31st May 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 76,458 Investment income 2 13 Other income 4,000 Total 80,471 EXPENDITURE ON Charitable activities GENERAL 67,655 Other - Total 67,655 NET INCOME/(EXPENDITURE) 12,816 RECONCILIATION OF FUNDS Total funds brought forward 144,717 TOTAL FUNDS CARRIED FORWARD 157,533 |
Restricted funds £ 1,120 9 - 1,129 97 - 97 1,032 13,948 14,980 |
2022 Total funds £ 77,578 22 4,000 81,600 67,752 - 67,752 13,848 158,665 172,513 |
2021 Total funds £ 13,179 42 27,000 40,221 60,003 1,583 61,586 (21,365) 180,030 158,665 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
Guardians of Strutts
Balance Sheet
31st May 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 95,587 Investments 7 1 95,588 CURRENT ASSETS Stocks 8 1,520 Debtors 9 37,090 Cash at bank 26,151 64,761 CREDITORS Amounts falling due within one year 10 (2,816) NET CURRENT ASSETS 61,945 TOTAL ASSETS LESS CURRENT LIABILITIES 157,533 CREDITORS Amounts falling due after more than one year 11 - NET ASSETS 157,533 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 59,508 - 59,508 - - 53,286 53,286 1 53,287 112,795 (97,815) 14,980 |
2022 Total funds £ 155,095 1 155,096 1,520 37,090 79,437 118,047 (2,815) 115,232 270,328 (97,815) 172,513 157,533 14,980 172,513 |
2021 Total funds £ 156,279 1 156,280 1,950 11,554 90,770 104,274 (4,074) 100,200 256,480 (97,815) 158,665 144,717 13,948 158,665 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 20th February 2023 and were signed on its behalf by:
N P McLeod - Trustee
The notes form part of these financial statements
Page 6
Guardians of Strutts
Notes to the Financial Statements
For The Year Ended 31st May 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
The value shown in Accounts for the Land and Buildings represents the legal fees, professional fees and renovation works to the building incurred since the transfer of the property from the Derbyshire County Council to the Charity in September 2009. The Land and Buildings is thought by the Trustees to have a market value between £1.5m and £3.6m.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| Deposit account interest 3. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2022 £ 22 2022 £ 10,975 |
2021 £ 42 2021 £ 11,399 |
|---|---|---|
continued...
Page 7
Guardians of Strutts
Notes to the Financial Statements - continued
For The Year Ended 31st May 2022
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st May 2022 nor for the year ended 31st May 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st May 2022 nor for the year ended 31st May 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Other income Total EXPENDITURE ON Charitable activities GENERAL Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS Freehold property £ COST At 1st June 2021 126,547 Additions 7,679 At 31st May 2022 134,226 DEPRECIATION At 1st June 2021 8,212 Charge for year 1,868 At 31st May 2022 10,080 NET BOOK VALUE At 31st May 2022 124,146 At 31st May 2021 118,335 |
Plant and machinery £ 53,186 - 53,186 26,116 4,898 31,014 22,172 27,070 |
Unrestricted fund £ 13,179 19 27,000 40,198 59,765 1,583 61,348 (21,150) 165,867 144,717 Fixtures and fittings £ 28,829 2,112 30,941 18,838 3,869 22,707 8,234 9,991 |
Restricted funds £ - 23 - 23 238 - 238 (215) 14,163 13,948 Computer equipment £ 5,494 - 5,494 4,611 340 4,951 543 883 |
Total funds £ 13,179 42 27,000 40,221 60,003 1,583 61,586 (21,365) 180,030 158,665 Totals £ 214,056 9,791 223,847 57,777 10,975 68,752 155,095 156,279 |
|---|---|---|---|---|
6. TANGIBLE FIXED ASSETS
continued...
Page 8
Guardians of Strutts
Notes to the Financial Statements - continued
For The Year Ended 31st May 2022
7. FIXED ASSET INVESTMENTS
| MARKET VALUE At 1st June 2021 and 31st May 2022 NET BOOK VALUE At 31st May 2022 At 31st May 2021 There were no investment assets outside the UK. 8. STOCKS Stocks 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other loans (see note 12) |
Unlisted investments £ 1 1 1 2022 2021 £ £ 1,520 1,950 2022 2021 £ £ 33,926 8,467 3,164 3,087 37,090 11,554 2022 2021 £ £ 2,815 4,074 2022 2021 £ £ 97,815 97,815 |
|---|---|
This amount is repayable to the Ryklow Charitable Trust in the event of the property or any part of the property being sold for reasons outside our charitable objectives.
12. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due in more than five years: | 2022 2021 £ £ |
|---|---|
| Repayable otherwise than by instalments: | |
| Other loans more 5yrs non-inst | 97,815 97,815 |
continued...
Page 9
Guardians of Strutts
Notes to the Financial Statements - continued
For The Year Ended 31st May 2022
13. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Ryklow Trust Fund Lift Fund Restricted Fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Ryklow Trust Fund Lift Fund Restricted Fund TOTAL FUNDS |
At 1.6.21 £ 144,717 718 12,432 798 13,948 158,665 Incoming resources £ 80,471 9 - 1,120 1,129 81,600 |
Net movement At in funds 31.5.22 £ £ 12,816 157,533 9 727 (97) 12,335 1,120 1,918 1,032 14,980 13,848 172,513 Resources Movement expended in funds £ £ (67,655) 12,816 - 9 (97) (97) - 1,120 (97) 1,032 (67,752) 13,848 |
|---|---|---|
Comparatives for movement in funds
| At 1.6.20 £ Unrestricted funds General fund 165,867 Restricted funds Ryklow Trust Fund 695 Lift Fund 12,509 Restricted Fund 959 14,163 TOTAL FUNDS 180,030 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 40,198 Restricted funds Ryklow Trust Fund 23 Lift Fund - Restricted Fund - 23 TOTAL FUNDS 40,221 |
Net movement At in funds 31.5.21 £ £ (21,150) 144,717 23 718 (77) 12,432 (161) 798 (215) 13,948 (21,365) 158,665 Resources Movement expended in funds £ £ (61,348) (21,150) - 23 (77) (77) (161) (161) (238) (215) (61,586) (21,365) |
|---|---|
continued...
Page 10
REGISTERED COMPANY NUMBER: 06802918 (England and Wales) REGISTERED CHARITY NUMBER: 1130427
Report of the Trustees and Financial Statements For The Year Ended 31st May 2022 for Guardians of Strutts
Dale Accounting Services Limited 64 High Street Belper Derbyshire DE56 1GF
Guardians of Strutts
| Contents of the Financial Statements | |||
|---|---|---|---|
| For The Year Ended 31st May 2022 | |||
| Page | |||
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
Guardians of Strutts
Report of the Trustees For The Year Ended 31st May 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st May 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To further or benefit the residents of Belper and the neighbourhood, without distinction of sex, sexual orientation, race or political, religious or other opinions by associating together, the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupations with the objectives of improving the conditions of life for the residents.
To secure and preserve the Herbert Strutt School Building on Derby Road, for the benefit and use of the inhabitants of the Township of Belper, in perpetuity, and in accordance with the original 1909 Strutt Conveyance.
To encourage the sustainability of the township of Belper.
Significant activities
It has been a "rollercoaster ride" this year with the impact of the coronavirus pandemic felt in every aspect of our lives. Strutts has so far weathered the storm due to our prudent financial management of the Project and Government support. We have reduced expenditure to a minimum but have invested where necessary to prepare for the future. Thanks to the efforts of our volunteers, we have reopened and can look forward to the coming year with more confidence than the last.
Income from Room Hire showed an increase of £57,140 over last year, which represented a 322% improvement, from a very low level. This was despite losing an estimated 10 weeks trading- seven weeks were initially lost due to the release date of coronavirus restrictions on the 19th July 2021- and an estimated further loss of 3 weeks as confidence to return to the Centre began to build from a low point. This was a tremendous achievement under very challenging circumstances.
Catering revealed income of £2,757 and a profit of £1,108; a 40% return.
Bar takings of £1,724 resulted in a net profit of £1,118; a healthy return of almost 65%.
On a positive note, Central Government, via the local authority, made further grants of up to £4,000 to the charity as a means of financial support during the coronavirus lockdown.
Page 1
Guardians of Strutts
Report of the Trustees For The Year Ended 31st May 2022
FINANCIAL REVIEW Reserves policy
The Trustees have reviewed the reserves of the charity. The review considered the nature of the income and expenditure streams and the need to match variable income with fixed commitments and the nature of the reserves.
The unrestricted reserves increased to £157,819 in the year to 31st May 2022.
Restricted reserves show an increase to give a grand total of £14,980, which includes the Ryklow Trust account of £727.
Unrestricted funds increased by £13,102 compared with a decrease of £21,150 in the previous year. This has resulted in an overall surplus to date of £172,799.
Strutt Centre Limited gifted £76,459 to the charity, which represented a 480% increase over the previous year. This is a tremendous achievement under the circumstances and gives us hope that we can continue to increase turnover as confidence returns to our users.
As a result of the pandemic, the site remained closed to the public until 19th July 2021.The Strutts Community Centre ceased trading during the 7 weeks prior to this date and with confidence to return to the building being spasmodic in the early days, with the potential loss equivalent to 10 weeks trading, estimated cost to be in excess of £20,000.
The uncertainty caused by the pandemic makes it necessary to adopt a cautious policy with regards to our financial affairs. We need to minimise operating costs and direct our volunteer effort towards increasing turnover. At the same time however, we need to be prepared to invest for the future when the circumstances are right. Expenditure
The Guardians have used £24,743 of the available funds to general repairs and improve facilities throughout the site during this period including:
Details £ Repairs
-
Alarm system repair 397
-
Floodlight repairs 394
-
Attention to faulty CCTV cameras 468
-
Repair lights & paint caretaker's 287
-
Repair x8 & X10 toilets 142
-
Remount reception displays 58
-
Clean gulleys & gutters 1,638 8. Repair house roof 1,024
-
Re-build stone pillar - adjacent A6 footpath 384 10. Garden maintenance 112
-
Repair UPS system - lift 516 12. Attention to smoke detector - alarm system 115 13. Seal floor room 17 1,440 14. Decorate room 15 4,978 15. Seal floor room 15 1,320 16. Repair & petrol for mower 323 Repairs Subtotal 13,596
Statutory Maintenance 17. Fire Extinguishers Checks 276 18. Legionella Sample Checks 480 19. Service Gas Boilers 360 20. Lift Service 240 Statutory Maintenance subtotal 1,356
Capital Items 21. Room 30 Toilet/ Washroom 5,579 22. Library Window Protector 2,100 23. Interlocking Screens 2,112 Capital Items subtotal 9,791
Total 24,743
Page 2
Guardians of Strutts
Report of the Trustees
For The Year Ended 31st May 2022
Apart from the profits generated from the trading subsidiary, Strutts Centre Limited, another key area of support for the Project being Belper Strutts Society. Financial assistance has been given to provide display panels, training and funding the new web site. This being possible due to the Society's fund-raising efforts with events at Strutts. The Trustees wish to record their appreciation of these efforts and financial contributions.
The trustees also wish to thank those who have supported the Project financially, especially all those individuals and groups who have used the building.
Most importantly of all, the Trustees wish to thank all volunteers for their efforts during a very challenging period. The levels of business achieved in the year to 31st May 2022 would not have been possible without the dedication and hard work our loyal group of volunteers.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Guardians of Strutts Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Guardians of Strutts Charity owns the Herbert Strutt School site on behalf of the people of Belper and aims to restore the building to its former glory. It has a wholly owned trading company, called Strutt Centre Limited, which operates the site as a community centre and donates its entire operating surplus to the Guardians of Strutts. The Guardians are supported by a "friends group", called the Belper Strutts Society, which raises funds and provides volunteers to help run the Strutts Community Centre.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06802918 (England and Wales)
Registered Charity number 1130427
Registered office
Strutts Centre Derby Road Belper Derbyshire DE56 1UU
Trustees
Miss J Honey Mrs C H Maddock E Manning Dr N P McLeod Mrs K Manning G Henshaw (appointed 4.2.22)
Independent Examiner
Edward Wint Dale Accounting Services Limited 64 High Street Belper Derbyshire DE56 1GF
Approved by order of the board of trustees on 20th February 2023 and signed on its behalf by:
Dr N P McLeod - Trustee
Page 3
Independent Examiner's Report to the Trustees of Guardians of Strutts
Independent examiner's report to the trustees of Guardians of Strutts ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st May 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Edward Wint
Dale Accounting Services Limited 64 High Street Belper Derbyshire DE56 1GF
Date: .............................................
Page 4
Guardians of Strutts
Statement of Financial Activities
For The Year Ended 31st May 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 76,458 Investment income 2 13 Other income 4,000 Total 80,471 EXPENDITURE ON Charitable activities GENERAL 67,655 Other - Total 67,655 NET INCOME/(EXPENDITURE) 12,816 RECONCILIATION OF FUNDS Total funds brought forward 144,717 TOTAL FUNDS CARRIED FORWARD 157,533 |
Restricted funds £ 1,120 9 - 1,129 97 - 97 1,032 13,948 14,980 |
2022 Total funds £ 77,578 22 4,000 81,600 67,752 - 67,752 13,848 158,665 172,513 |
2021 Total funds £ 13,179 42 27,000 40,221 60,003 1,583 61,586 (21,365) 180,030 158,665 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
Guardians of Strutts
Balance Sheet
31st May 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 95,587 Investments 7 1 95,588 CURRENT ASSETS Stocks 8 1,520 Debtors 9 37,090 Cash at bank 26,151 64,761 CREDITORS Amounts falling due within one year 10 (2,816) NET CURRENT ASSETS 61,945 TOTAL ASSETS LESS CURRENT LIABILITIES 157,533 CREDITORS Amounts falling due after more than one year 11 - NET ASSETS 157,533 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 59,508 - 59,508 - - 53,286 53,286 1 53,287 112,795 (97,815) 14,980 |
2022 Total funds £ 155,095 1 155,096 1,520 37,090 79,437 118,047 (2,815) 115,232 270,328 (97,815) 172,513 157,533 14,980 172,513 |
2021 Total funds £ 156,279 1 156,280 1,950 11,554 90,770 104,274 (4,074) 100,200 256,480 (97,815) 158,665 144,717 13,948 158,665 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 20th February 2023 and were signed on its behalf by:
N P McLeod - Trustee
The notes form part of these financial statements
Page 6
Guardians of Strutts
Notes to the Financial Statements
For The Year Ended 31st May 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
The value shown in Accounts for the Land and Buildings represents the legal fees, professional fees and renovation works to the building incurred since the transfer of the property from the Derbyshire County Council to the Charity in September 2009. The Land and Buildings is thought by the Trustees to have a market value between £1.5m and £3.6m.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| Deposit account interest 3. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2022 £ 22 2022 £ 10,975 |
2021 £ 42 2021 £ 11,399 |
|---|---|---|
continued...
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Guardians of Strutts
Notes to the Financial Statements - continued
For The Year Ended 31st May 2022
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st May 2022 nor for the year ended 31st May 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st May 2022 nor for the year ended 31st May 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Other income Total EXPENDITURE ON Charitable activities GENERAL Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS Freehold property £ COST At 1st June 2021 126,547 Additions 7,679 At 31st May 2022 134,226 DEPRECIATION At 1st June 2021 8,212 Charge for year 1,868 At 31st May 2022 10,080 NET BOOK VALUE At 31st May 2022 124,146 At 31st May 2021 118,335 |
Plant and machinery £ 53,186 - 53,186 26,116 4,898 31,014 22,172 27,070 |
Unrestricted fund £ 13,179 19 27,000 40,198 59,765 1,583 61,348 (21,150) 165,867 144,717 Fixtures and fittings £ 28,829 2,112 30,941 18,838 3,869 22,707 8,234 9,991 |
Restricted funds £ - 23 - 23 238 - 238 (215) 14,163 13,948 Computer equipment £ 5,494 - 5,494 4,611 340 4,951 543 883 |
Total funds £ 13,179 42 27,000 40,221 60,003 1,583 61,586 (21,365) 180,030 158,665 Totals £ 214,056 9,791 223,847 57,777 10,975 68,752 155,095 156,279 |
|---|---|---|---|---|
6. TANGIBLE FIXED ASSETS
continued...
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Guardians of Strutts
Notes to the Financial Statements - continued
For The Year Ended 31st May 2022
7. FIXED ASSET INVESTMENTS
| MARKET VALUE At 1st June 2021 and 31st May 2022 NET BOOK VALUE At 31st May 2022 At 31st May 2021 There were no investment assets outside the UK. 8. STOCKS Stocks 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other loans (see note 12) |
Unlisted investments £ 1 1 1 2022 2021 £ £ 1,520 1,950 2022 2021 £ £ 33,926 8,467 3,164 3,087 37,090 11,554 2022 2021 £ £ 2,815 4,074 2022 2021 £ £ 97,815 97,815 |
|---|---|
This amount is repayable to the Ryklow Charitable Trust in the event of the property or any part of the property being sold for reasons outside our charitable objectives.
12. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due in more than five years: | 2022 2021 £ £ |
|---|---|
| Repayable otherwise than by instalments: | |
| Other loans more 5yrs non-inst | 97,815 97,815 |
continued...
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Guardians of Strutts
Notes to the Financial Statements - continued
For The Year Ended 31st May 2022
13. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Ryklow Trust Fund Lift Fund Restricted Fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Ryklow Trust Fund Lift Fund Restricted Fund TOTAL FUNDS |
At 1.6.21 £ 144,717 718 12,432 798 13,948 158,665 Incoming resources £ 80,471 9 - 1,120 1,129 81,600 |
Net movement At in funds 31.5.22 £ £ 12,816 157,533 9 727 (97) 12,335 1,120 1,918 1,032 14,980 13,848 172,513 Resources Movement expended in funds £ £ (67,655) 12,816 - 9 (97) (97) - 1,120 (97) 1,032 (67,752) 13,848 |
|---|---|---|
Comparatives for movement in funds
| At 1.6.20 £ Unrestricted funds General fund 165,867 Restricted funds Ryklow Trust Fund 695 Lift Fund 12,509 Restricted Fund 959 14,163 TOTAL FUNDS 180,030 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 40,198 Restricted funds Ryklow Trust Fund 23 Lift Fund - Restricted Fund - 23 TOTAL FUNDS 40,221 |
Net movement At in funds 31.5.21 £ £ (21,150) 144,717 23 718 (77) 12,432 (161) 798 (215) 13,948 (21,365) 158,665 Resources Movement expended in funds £ £ (61,348) (21,150) - 23 (77) (77) (161) (161) (238) (215) (61,586) (21,365) |
|---|---|
continued...
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Guardians of Strutts
Notes to the Financial Statements - continued
For The Year Ended 31st May 2022
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Ryklow Trust Fund Lift Fund Restricted Fund TOTAL FUNDS |
At 1.6.20 £ 165,867 695 12,509 959 14,163 180,030 |
Net movement in funds £ (8,334) 32 (174) 959 817 (7,517) |
At 31.5.22 £ 157,533 727 12,335 1,918 14,980 172,513 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | 120,669 (129,003) |
(8,334) |
| Restricted funds | ||
| Ryklow Trust Fund | 32 - |
32 |
| Lift Fund | - (174) |
(174) |
| Restricted Fund | 1,120 (161) |
959 |
| 1,152 (335) |
817 | |
| TOTAL FUNDS | 121,821 (129,338) |
(7,517) |
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st May 2022.
Page 11
Guardians of Strutts
Detailed Statement of Financial Activities
For The Year Ended 31st May 2022
| For The Year Ended | 31st May 2022 | |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donation - Strutts Centre | 76,459 | 13,179 |
| Misc income | 1,119 | - |
| Investment income | 77,578 | 13,179 |
| Deposit account interest | 22 | 42 |
| Other income | ||
| No description | 4,000 | 27,000 |
| Total incoming resources | 81,600 | 40,221 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Rates and water | 1,814 | 2,504 |
| Insurance | 5,676 | 5,287 |
| Light and heat | 20,870 | 11,577 |
| Telephone | 685 | 706 |
| Sundries | 12,782 | 4,081 |
| Property maintenance | 14,952 | 26,032 |
| Other | 56,779 | 50,187 |
| Freehold property | 1,867 | 1,675 |
| Plant and machinery | 4,897 | 5,299 |
| Fixtures and fittings | 3,869 | 4,009 |
| Computer equipment | 340 | 416 |
| 10,973 | 11,399 | |
| Total resources expended | 67,752 | 61,586 |
| Net income/(expenditure) | 13,848 | (21,365) |
This page does not form part of the statutory financial statements
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