**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
1. Alarm system repair 397
2. Floodlight repairs 394
3. Attention to faulty CCTV cameras 468
4. Repair lights & paint caretaker's 287
5. Repair x8 & X10 toilets 142
6. Remount reception displays 58
7. Clean gulleys & gutters 1,638 8. Repair house roof 1,024
9. Re-build stone pillar - adjacent A6 footpath 384 10. Garden maintenance 112
11. 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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
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)).
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
1. Alarm system repair 397
2. Floodlight repairs 394
3. Attention to faulty CCTV cameras 468
4. Repair lights & paint caretaker's 287
5. Repair x8 & X10 toilets 142
6. Remount reception displays 58
7. Clean gulleys & gutters 1,638 8. Repair house roof 1,024
9. Re-build stone pillar - adjacent A6 footpath 384 10. Garden maintenance 112
11. 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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
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)).
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
**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
Page 12