FESTIVAL DRAYTON CENTRE
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2021
Company Registration No 07100599 Registered Charity No: 1139372
INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS OF FESTIVAL DRAYTON CENTRE
This report is made to the charity's trustees, as a body, in accordance with the terms of my engagement. My work has been undertaken so that I might compile the financial statements that I have been engaged to compile, report to the charity's trustees that I have done so, and state those matters that I have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees, as a body, for my work or for this report.
Independent Examiner's Report to the Trustees of Festival Drayton Centre I report on the accounts of the company for the year ended 30th November 2021 which are set out on pages | to 5.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purpose of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed.
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Having satisified myself that the charity is not subject to audit under Part 16 ofthe Companies Act 2006 and is eligible for independent examination, it is my responsibility to:‘ examine the accounts under section 145 of the 2011 Act; : follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and
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. state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner's statement
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In connection with my examination, no material matter has come to my attention; 1 which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 386 of the Companies Act 2006; - and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities SORP (FRS102):
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have not been met; or
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2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Regen Dedng\ Mr Roger Dodington FCCA STUBBS PARKIN SOUTH CHARTERED ACCOUNTANTS
28 CHESHIRE STREET MARKET DRAYTON SHROPSHIRE
Date: 5th May 2022
Page |
FESTIVAL DRAYTON CENTRE
TRUSTEES' REPORT FOR THE YEAR ENDED 30TH NOVEMBER 2021
CONSTITUTION
Festival Drayton Centre is a non-profit making organisation and became a registered charity, No. 516004, on 24th January 1985 to run the Festival Drayton Town Centre Village Hall. The charity has subsequently been replaced by a charity in the same name but with No. 1139372.
PRINCIPAL ACTIVITIES
The group was formed to run the village hall for the use of the inhabitants of the parishes of Market Drayton and Little Drayton in the county of shropshire without distinction of political religious or other opinions including use for meetings, lectures, classes and for other forms of recreation and leisure-time occupation, with the object of improving the conditions of life for the said inhabitants,
TRUSTEES
The trustees are as follows:Mr G Vernon Mr P J Morris Mrs A Parrotte Mrs P Holland Mrs J Crewe Mrs C M Faul
OFFICERS
The officers of the charity are as follows:-
Chairman Mr G Vernon Secretary Mrs P Holland
BY ORDER OF THE TRUSTEES
nwoVO" Date: Sth May 2022 Name: Mr G Vernon —
Page 2
FESTIVAL DRAYTON CENTRE
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME &
EXPENDITURE ACCOUNT) FOR THE YEAR ENDED
30TH NOVEMBER 2021
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||||||||
|---|---|---|---|---|---|---|
|2021|2020|
|Unrestricted|
|Funds|Total|
|Note|£|£|£|
|Incoming|Resources|
|Donations,|subscriptions &|similar|
|incoming|resources|2|89,531|89,531|107,801|
|Investment Income &|Interest|
|Bank|interest|770|770|1,073|
|Total Incoming Resources|90,301|90,301|108,874|
|Resources|Expended|
|Management &|administration|expenditure|3|137,806|137,806|178,943|
|Total Resources Expended|137,806|137,806|178,943|
|Net Incoming Resources|
|Net|Surplus/(Deficit)|For The|Year|(47,505)|(47,505)|(70,069)|
|FUND BALANCES BROUGHT FORWARD|L315,557|L3ra,557|1,385,626|
|TOTAL FUNDS|CARRIED FORWARD|1,268,052|1,268,052|1,315,557|
----- End of picture text -----
The annexed notes form partof these financial statements.
Page 3
FESTIVAL DRAYTON CENTRE
BALANCE SHEET AS AT 30TH NOVEMBER 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | |||||
| Funds | Total | ||||
| Note | £ | £ | £ | ||
| Fixed Assets | |||||
| Tangible assets | 4 | 982,404 | 982,404 | 1,031,416 | |
| CurrentAssets | |||||
| Share Capital - Festival DraytonCentreLtd | 2 | 2 | 2 | ||
| Debtors andPrepayments | 17,319 | 17,319 | 16,654 | ||
| VATDebtor | - | - | 255 | ||
| Festival Drayton Centre Limited | 5,314 | 5,314 | 11,169 | ||
| LloydsTSB bankbalance | 28,457 | 28,457 | 10,908 | ||
| Building Society account | 252,335 | 252,335 | 257,094 | ||
| 303,427 | 303,427 | 296,082 | |||
| Current Liabilities | |||||
| Creditors - amounts falling due | |||||
| within oneyear | 5 | (17,779) | (17,779) | (11,941) | |
| Net Current Assets | 285,648 | 285,648 | 284,141 | ||
| NetAssets | 1,268,052 | 1,268,052 | 1,313,337 | ||
| Funds | 6 | “1,268,052 | 1,268,052 | 1,315,557 |
The notes on pages 4 to 5 form part of these accounts.
For the year ending 30th November 2021 the Charity was entitled to exemption from audit under section 477 (1) of the Companies Act 2006.
Directors responsibilities:-
i) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006;
ii) The directors acknowledge their responsibilities for ensuring the Charity keeps accounting records which comply with section 386; and
ili) preparing accounts which give a true and fair view of the state of affairs of the Charity as at
the end of the financial year and its profit and loss for the financial year in accordance with the requirements of sections 394 and 395, and which otherwise comply with the Companies Act relating to accounts, so far as applicable to the Charity.
The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRS102 SORP.
The financial statements were approved by the Board of Directors on the Sth May 2022.
ON BEHALF OF THE TRUSTEES
eae RASS fd We oer Name: MrG Vernon _-—~
Date: 5th May 2022
The annexed notes form part of these financial statements.
Page 4
i
2
3
FESTIVAL DRAYTON CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2021
Accounting Pelicies
These accounts have been prepared under the historic cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
The Company is a Private Company limited by guarantee and was incorporated in England. The registered office is at Frogmore Road, Market Drayton, Shropshire, TF9 3AX.
Donations, Subscriptions & Similar
| Donations, Subscriptions && Similar | ||||
|---|---|---|---|---|
| Incoming Resources | 2021 | 2020 | ||
| Unrestricted | Total | |||
| £ | £ | £ | ||
| Bingo | - | - | 693 | |
| Fundraising | 54 | 54 | - | |
| 400 Club | 1,000 | 1,000 | 1,500 | |
| Sundrydonations | 8,381 | 8,381 | 10,073 | |
| DonationfromFDC TradingLtd | 5,314 | 5,314 | 14,679 | |
| Service charges -FDCTrading Ltd | 17,778 | 17,778 | 30,000 | |
| Grants | 57,004 | 57,004 | 50,856 | |
| 89,531 | 89,531 | 107,801 | ||
| Management&AdministrationExpenditure | 2021 | 2020 | ||
| Unrestricted | Total | |||
| rs | £ | £ | ||
| Wages (including pension) | 62,919 | 62,919 | 90,553 | |
| Electricity and gas | 6,041 | 6,041 | 10,863 | |
| Water rates | 660 | 660 | 3,263 | |
| Insurance | 4,232 | 4,232 | 4,160 | |
| Buildingmaintenance work | 9,192 | 9,192 | 12,043 | |
| Hygiene and toiletservices | 1,782 | 1,782 | L113 | |
| Accountancy costs | 950 | 950 | 950 | |
| Bank charges | 233 | 233 | 93 | |
| Depreciation | $1,287 | S187 | 55,448 | |
| Miscellaneous expenses | 510 | 510 | 457 | |
| 137,806 | 137,806 | 178,943 |
The average number of employees was 5.
Page 5
FESTIVAL DRAYTON CENTRE
4
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2021 (Continued...)
TANGIBLE FIXED ASSETS
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|||||||
|---|---|---|---|---|---|
|Land|&|Equipment|Fixtures &|
|Buildings|&|Interiors|Fittings|Total|
|Cost|
|At|lst December 2020|1,282,330|170,336|319,239|1,771,905|
|Additions|=|2,275|;|2.275|
|Disposals|-|-|-|-|
|At|30th November 2021|1,282,330|172,611|319,239|1,774,180|
|Depreciation|
|At|Ist December 2020|414,910|158,631|166,948|740,489|
|Charge for the year|25,647|2,796|22,844|»|51287|
|At 30th November 2021|440,557|161,427|189,792|791,776|
|Net Book Value|
|At|30th November 2021|841,773|11,184|129,447|982,404|
|At 30th November 2020|867,420|11,705|152,291|1,031,416|
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5 CREDITORS - AMOUNTS FALLING DUE WITHIN ONE YEAR
6
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||||||
|---|---|---|---|---|
|2021|2020|
|£|£|
|Creditors|and|accruals|14,786|11,476|
|VAT|creditor|1,282|-|
|PAYE|creditor|645|465|
|16,713|11,941|
|FUNDS|
|Restricted|Unrestricted|Total|
|£|£|£|
|Funds|-|1,268,052|1,268,052|
|-|1,268,052|1,268,052|
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