Registered number - 04709100 Charity number - 1141414
JOHN TROTTER TRUST
(a company limited by guarantee and not having a share capital)
DIRECTORS 'ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
JOHN TROTTER TRUST
CONTENTS PA�E
| Page(s) | |
|---|---|
| Reference and administrative details of the charity and advisers | 1 |
| Trustees' report | 2 - 7 |
| Independent examiner's report | 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the financial statements | 11-15 |
���N TR�TT�R TR�ST
R���R�N�� �N� ���INISTR�TI�� ��T�I�S �� T�� ���RIT� �N� ���IS�RS
��R T�� ���R �N��� �1 �����B�R 2020
Company Registered Number� 0�709100
Charity Registered Number� 11�1�1�
Registered O��ice�
The �pen �oor �entre� St� �l�ans Road� Barnet� �N5 ���
Independent e�aminer�
�riffin Stone �oscrop � �o �hartered �ccountants 21-27 �am�'s �onduit Street �ondon ��1N ��S
Ban�ers�
Barclays Ban� Plc �hetstone Bramch 1250 �igh Road �ondon N20 0PB
1
���N TR�TT�R TR�ST
R�P�RT �� T�� �IR��T�RS
The directors present their report �ith the accounts for the year ended �1 �ecem�er 2020�
Structure� management and governance
1 The company �as incorporated on 2� �arch 200�� Previously �no�n as The �ohn Trotter �all Trust the company changed its name on 10 �anuary 2011 to the �ohn Trotter Trust� The �emorandum and �rticles of �ssociation �ere amended on 1 �pril 2011 and the main o��ect in the amended �rticles of �ssociation �ere changed to the advancement of the �hristian religion for the �enefit of the pu�lic �y such charita�le of activities as the directors deem fit� It �as registered as a charity �ith the �harity �ommission on 1� �pril 2011�
- 2 The directors �ho served during the year �ere�
�r �avid Parry (�hair) (Resigned on 2� �anuary 2021) �emisi Ba�are
�rs �ean �orney �r �hris �ixon (Treasurer) �r Paul �ac�son �r Richard �a�son (appointed 15 �ecem�er 2020) �r �raham Paddon Rev�d �ndy Rimmer �r Simon �ndre� �right (appointed Trustee and �hair 2� �anuary 2021)
� Ne� directors are appointed from time to time� �eing persons �ho have an interest in the o��ectives of the company� The directors met ten times during the year� �t each of their meetings� the directors received a financial update from the Trust�s Treasurer�
Ob�ectives and activities
� The �ohn Trotter Trust is the registered charity for the �pen �oor �entre� The Trust �as originally esta�lished at the re�uest of the �hrist �hurch Barnet Parochial �hurch �ouncil to negotiate the purchase and consider the use of the former �ictorian school ad�acent to �hrist �hurch� The �pen �oor �ppeal� launched formally in 2010� raised funds initially to ena�le the purchase of the former school (in 2012) and �ith the particular aim of using the �uilding to increase the fre�uency and range of activities for older mem�ers of the local community in particular� �ut �y no means exclusively� offered �y �hrist �hurch� The �uilding �as purchased in early 2012 and opened formally as the �pen �oor �entre in �ay 2017�
Highlights o� the year
5 �n 17 �arch 2020 the Trustees too� the painful decision to close the �entre to the pu�lic temporarily in vie� of increasing pu�lic concern over the prevalence and impact of �ovid 19� This �as all the more painful �ecause it follo�ed an exceptionally �usy start to the year �hich� had circumstances �een different� �ould almost certainly have seen a cumulative total of 50�000 visits to the �entre �y the end of 2020� The fact that the �entre �as closed to the pu�lic for �� out of 52 �ee�s of the year �ecause of �ovid 19 compelled Trustees and �olunteers to loo� for ne� �ays in �hich the �entre could continue to fulfil its mission to transform lives� �uild community and shape society� This resulted� inter alia� in�
2
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i� the esta�lishment of a �ommunity �unch service for older� vulnera�le mem�ers of the local community in �pril and the introduction of ta�ea�ay lunches to�ards the end of the year (see paragraphs 9-15)�
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ii� hosting a free �hristmas �ar�et for families facing serious financial and other pressures over �hristmas (see paragraphs 1�-20)� and
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iii� the introduction of regular �oom �prayer and share� meetings for �olunteers during loc�do�n - 21 in total over the year (see paragraph 21)�
� �ll this �as achieved despite the significant reduction of �af� and room hire income for the year as a result of �ovid 19 and the temporary disa�ling of the �entre�s �itchen and other facilities in the �entre due to a po�er surge in �uly�
7 �t the end of Septem�er the �af� re-opened to the pu�lic for the first time since 18 �arch� �uring the five �ee�s that the �af� �as open there �ere ��8 visits� 1�2 �af� lunches �ere served� 159 �ommunity lunches �ere delivered and there �ere gross ta�ings of almost �2�000� �ore importantly� old friendships �ere rene�ed and ne� friendships esta�lished� encouraging conversations �ere en�oyed and there �ere opportunities to pray �ith and for others� �e emerged enriched and rene�ed �y the experience� ‘... I’m so happy to be back in the Open Door ...’ said one �olunteer� ‘... It gives my week shape, purpose and structure ...’ �
8 �t their Novem�er meeting the Trustees unanimously elected �ndy �right to �e the ne� �hair of the Trust� �r �right�s election �as the result of the prayerful consideration of possi�le candidates �y a su�-group of t�o Trustees follo�ing the decision of the current �hair in �ay to stand do�n as �hair at the end of 2020� The election �y all Trustees �as unanimous� �r �right too� over formally as �hair at the first meeting of the Trust on 2� �anuary 2021�
�ommunity lunches
9 �s noted a�ove� the Trustees authorised the esta�lishment in �pril of a �ommunity �unch service aimed at older� vulnera�le mem�ers of the community� in particular during the pandemic� The service �egan on �aster �onday� 1� �pril� �t its height some 80 t�o-course lunches �ere �eing delivered to more than �0 people each �ee�� The service continued until the end of �anuary 2021 �y �hich time almost 2�000 meals had �een prepared and delivered�
10 Those receiving lunches included mem�ers of ��B�s Thursday �ello�ship and the �hipping Barnet �ay �entre� �thers included people recommended �y the �ope �orner �ommunity �entre and �af� in �ays �ane and the �esus �ospital �harity� and yet others �ere recommended to or �no�n �y the co-ordinator of ��B�s �ood Ban�� In early �une the Trust entered into an agreement �ith �ope �orner �hich undertoo� to deliver meals to people in the vicinity of �ope �orner to �hom the Trust had �een delivering meals up to that point�
11 The value of the lunch to those receiving it varied from individual to individual� �or some the food �as simply essential� for others it �as an occasional� much-appreciated treat from time to time� yet others �ere finding it increasingly difficult to ma�e a meal themselves as a result of� for example� decreasing mo�ility or failing eyesight� and some �elcomed it at a moment of �crisis�� for example �hen a spouse �as in hospital and needed visiting� �or all� the contact �ith those delivering the meal �as especially appreciated and those delivering the meals �ere �lessed in the doing� �t the �eginning of �uly each lunch �ox �ent out �ith a small �unch of flo�ers made �y a �olunteer� In mid-�uly the 1�000[th] lunch� �hich included a commemorative cup ca�e� �as delivered�
12 �t the heart of the service �as a �olunteer �ho coo�ed all the lunches� some 17 volunteer drivers �ho delivered them and a �olunteer �ho co-ordinated their delivery� It �as a remar�a�le� logistic and compassionate exercise�
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1� The �pen �oor �entre in general and the lunch service in particular �as generously �lessed financially �ith grants from a range of national and community organisations and donations from many individuals� including a num�er of those receiving lunches�
1� It �as a privilege to read the many letters of appreciation received from those receiving lunches� some of �hich appear �elo��
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... the meals are just the right portion size ...
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... to know that help is at hand, a smile and a quick chat is much appreciated ...
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... we have been enjoying your varied and delicious meals so kindly delivered to us by your team of volunteers ...
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... it is so nice seeing two friendly faces at my door during lockdown, particularly as I have been recently widowed and only see 'faces at the door' ...
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... it is nice to see a kind face at the door with your meal ...
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... it was good to talk to old friends ...
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...... I have sent a small donation and will continue to do so ... until our ‘troubles’ are over .
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... you are doing a grand job ...
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big thank you to you all so much for the lovely lunches much appreciated at this time, and the kindness of you all for making us feel cared about ...
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... for weeks these dishes were the only thing that made my days ...
15 The chief executive of a local charity� some of �hose almshouses residents received lunches during loc�do�n �rote � ... to say a huge thank you for the amazingly successful Lunches in the Community. Not only have you been providing delicious meals but also a friendly face for the clients. It has made a huge difference to many ...’.
�ree �hristmas �ar�et
1� In �ecem�er� the �entre hosted the first-ever� free �hristmas �ar�et for families facing significant financial and other pressures at �hristmas� It �as a remar�a�le experience� The �ar�et �as open for six days� three in the �ee� �efore and three in the �ee� after �hristmas� In the first �ee� �0 adults and 20 children came to the �ar�et itself� In addition� food and presents �ere parcelled up and delivered to a further 27 adults and �0 children �no�n to the Trust either from the �hrist �hurch �ood Ban� or recommended �y Barnet Social Services� In the �ee� after �hristmas the �ar�et supported 102 people (�1 adults and �1 children)� �any� pro�a�ly most� of those �ho came to the �ar�et or to �hom parcels �ere delivered in the second �ee� �ere the same as the previous �ee� �hich gives some indication of their need�
17 In total the �ar�et reached more than 100 adults and children �efore and after �hristmas�
18 �ll this �as possi�le than�s to the extraordinary generosity of mem�ers of the �hrist �hurch� Barnet congregation �ho donated food� gifts and cash donations to the �ar�et and the �and of dedicated �olunteers �ho acted as hosts� drivers and shelf-fillers� In addition to donations from the congregation� the Trust received gifts in cash or �ind from a num�er of community organisations along �ith residents of near�y roads as �ell as individuals �ho simply turned up at the �pen �oor �entre �ith gifts of food and presents� �aving a single location for the �ar�et provided an invalua�le focus for the pro�ect� It ena�led those �ho came to the �ar�et to en�oy a festive experience as �ell as providing a central point from �hich food and gifts �ere delivered to those una�le to come� or perhaps uncomforta�le a�out coming to the �ar�et itself�
19 This meant that it �as possi�le to stoc� and re-stoc� the �ar�et stalls� �s a result� it �as possi�le to �e generous hosts for those �ho came to the �ar�et and fill to overflo�ing the parcels of
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those to �hom �e delivered parcels� � This is an absolute God-send � �as ho� the hus�and of one family of six descri�ed the parcels �hich �ere delivered� � You are so generous ��
20 It �as a �onderful team effort involving some 20 �olunteers �ho provided much-needed support in a creative and generous �ay to more than 100 adults and children�
�olunteers
21 The �entre is a�le to call on around 20 active volunteers� most of �hom are over �0� from �ithin and �eyond the �hrist �hurch congregation� These �ere supplemented during 2020 �y a�out ten volunteer drivers �ho delivered the �ommunity �unches� �olunteers �ere �ept in touch �ith developments via a �ee�ly �pdate information sheet produced �y the �hairman and distri�uted to �olunteers and Trustees� and �ith each other during loc�do�n via a �ee�ly �oom meeting usually attended �y a�out half of the �olunteers�
Public bene�it statement
22 The directors (as trustees of the charity)� are responsi�le for directing the policy and general management of the affairs of the company� In doing so they have complied �ith their duty to have due regard to the guidance provided �y the �harity �ommission on pu�lic �enefit�
2� The Trustees� response to the �ovid 19 pandemic descri�ed a�ove and the generosity of the local community to the Trustees� various initiatives during the year are testimony to the high regard in �hich the �entre is held �y the local community and the value it places on the services it provides �oth �ithin the �entre itself and in the community at large� �ne measure of this is the donations totaling more than ��7�500 (including associated �ift �id and also grants) that �ere received during 2020 compared �ith c���0�500 in 2019� another the num�er of people �ho� despite social distancing restrictions returned to the �entre �hen it re-opened in Septem�er�
Achievements o� the Trust
2� Purchase of the former British Red �ross �entre �as completed on 28 �arch 2012 � This �as made possi�le �y the support of the mem�ers of �hrist �hurch� Barnet and mem�ers of the local community� �uring 2014 � as a result of the continued generosity of the mem�ers of �hrist �hurch� Barnet� mem�ers of the local community and local grant-ma�ing organisations� sufficient additional funds �ere raised to ena�le preliminary internal reconfiguration and development �or� to �e underta�en� �uring 201� � follo�ing receipt of significant additional funds from individual donors and national grant-ma�ing trusts and the offer of a loan facility from �ingdom Ban�� the Trustees invited tenders for �uilding �or� to renovate and redevelop the �hole of the ground floor� �aldera �onstruction �as a�arded the tender and �egan �or� at the end of �uly 201��
25 The redevelopment of the ground floor of the �pen �oor �entre �as completed in �anuary 2017 and the Trust formally too� possession of the �entre in �e�ruary of that year� The �entre �as formally opened �y the Bishop of Stepney� the Rt Revd �drian Ne�man in �ay 2017�
2� The �or� involved renovating and redeveloping the ground floor of the �uilding to provide a facility �here older mem�ers of the community in particular can socialise� access support services and advice� participate in a variety of activities and meet and share their day �ith others� The �pen �oor �entre has a �elcoming �lounge-style� reception and coffee �ar along �ith a caf� area offering �rea�fasts and lunches enhanced �y a permanent exhi�ition of art �or�s �y mem�ers of the Barnet �uild of �rtists� The �entre also has� a dedicated meeting room �ith pro�ection facilities� a modern� �ell-e�uipped �itchen� toilets (including accessi�le toilets)� energy-efficient heating and lighting� an intruder-alarm system� a 55� T�� and free �i-fi throughout�
5
27 In 201� � the Trust received the �utstanding Service to the �ommunity �ivic ��ard from Barnet �ouncil in recognition of the � ... outstanding dedication and contribution (of the Centre) to the community by providing a resource centre to the senior population of Barnet ...’ � By �arch 2020� �hen the �entre had to close as a result of the �ovid 19 pandemic� there had �een some �0�000 visits to the �entre since its formal opening less than three years previously in 2017�
28 The Trust has planning permission for a side extension to the ground floor along �ith the insertion of a ne� first floor� The former �ill �e used to relieve pressure on the �itchen� provide additional storage space and a small office for the �entre�s �atering �anager� The ne� first floor �ill �e used to support ��B�s emerging �compassion ministries�� including an enhanced food �an� facility� an area for activities� advice and services relevant to people coming to the food �an�� an area for meetings �hich might also �e used as a night shelter during the �inter and a �elcoming reception area at the top of the lift and stairs� including storage space� By the end of 2020� more than �122�000 had �een received or pledged for this development�
Financial revie�
29 In preparing the 2020 financial statements the trustees have identified that there �as income and expenditure incurred in 2019 �hich should have �een classified as relating to a restricted fund� �ccordingly the comparative information as at �1 �ecem�er 2019 has �een restated �here applica�le� The accounts for 2020 sho� a deficit on the general fund of �����0 ma�ing a total �alance on the general fund at the end of the year of �1�10��87�� The deficit principally reflects the adverse impact of the �ovid-19 pandemic on income from charita�le activity not�ithstanding a reduction in expenditure on charita�le activities for the year� The charity made use of the �overnment�s furlough scheme �ith regard to funding the cost of employees �hist the �entre �as closed due to the pandemic�
�0 The trustees have agreed that the Trust should aim to retain free reserves e�uivalent to three months� expenditure� e�uating to approximately �1��500 in 2020 compared �ith �25�000 in 2019� �t the �alance sheet date �hilst the charity had net funds of �1�127�187� this �as made up of fixed assets of �1�199�17�� current assets of ��2�857 �ith current lia�ilities of �17�5�8 and longer-term lia�ilities of �97��05� The charity had a net current asset position of �25��19� ho�ever of this �22��1� �as tied up in restricted funds and only ���00� related to unrestricted funds� This means that at the �alance sheet date the charity fell short �y �1��000 of its target of free reserves� The trustees remain mindful of the need to manage the li�uidity of the charity carefully to ensure that its o�ligations continue to �e met �hen they fell due� In the last year this has included the charity re�uesting� and receiving� some repayment for�earance on the secured loan from �ingdom Ban��
Directors� responsibilities
�1 The trustees (�ho are also directors of the company for the purposes of company la�) are responsi�le for preparing the �irectors� report and the financial statements in accordance �ith applica�le la� and �nited �ingdom �ccounting Standards (�nited �ingdom �enerally �ccepted �ccounting Practice)�
�2 �ompany and charity la� re�uires the �irectors to prepare financial statements for each financial year �hich give a true and fair vie� of the state of affairs of the charita�le company and of the incoming resources and application of resources� including the income and expenditure� of the charita�le company for that period� In preparing these financial statements the �irectors are re�uired to�
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select suita�le accounting policies and the apply them consistently�
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o�serve the methods and principles in the �harities S�RP�
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ma�e �udgments and estimates that are reasona�le and prudent�
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state �hether applica�le �� �ccounting Standards have �een follo�ed� su��ect to any material departures disclosed and explained in the financial statements�
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- prepare the financial statements on the going concern �asis unless it is inappropriate to presume that the charita�le company �ill continue in operation�
�� The directors are responsi�le for �eeping proper accounting records �hich disclose �ith reasona�le accuracy at any time the financial position of the company and to ena�le them to ensure that the accounts comply �ith the �ompanies �ct 200�� They are also responsi�le for safeguarding the assets of the company and hence for ta�ing reasona�le steps for the prevention and detection of fraud and other irregularities�
�� In preparing this report� the �irectors have ta�en advantage of the small companies exemption provided �y section �15� of the �ompanies �ct 200��
- �5 �pproved �y the �oard of directors on 1� �une 2021 and signed on its �ehalf �y�
SI��N �N�R�� �RI��T ���IR��N
7
Independent E�aminer's Report to the Trustees o� John Trotter Trust
I report on the accounts of the company for the year ended �1 �ecem�er 2020 �hich are set out on pages 9 to 15�
Respective responsibilities o� trustees and e�aminer
The trustees (�ho are also the directors of the company for the purposes of company la�) are responsi�le for the preparation of the accounts� The trustees consider that an audit is not re�uired for this year under section 1��(2) of the �harities �ct 2011 (the 2011 �ct) and that an independent examination is needed�
�aving satisfied myself that the charity is not su��ect to audit under company la� and is eligi�le for independent examination� it is my responsi�ility to�
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examine the accounts under section 1�5 of the 2011 �ct�
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follo� the procedures laid do�n in the general �irections given �y the �harity �ommission under section 1�5(5)(�) of the 2011 �ct� and
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state �hether particular matters have come to my attention�
Basis o� independent e�aminer's report
�y examination �as carried out in accordance �ith the general �irections given �y the �harity �ommission� �n examination includes a revie� of the accounting records �ept �y the charity and a comparison of the accounts presented �ith those records� It also includes consideration of any unusual items or disclosures in the accounts� and see�ing explanations from you as trustees concerning any such matters� The procedures underta�en do not provide all the evidence that �ould �e re�uired in an audit and conse�uently no opinion is given as to �hether the accounts present a �true and fair vie�� and the report is limited to those matters set out in the statement �elo��
Independent e�aminer's statement
I have completed my examination� I confirm that no matters have come to my attention in connection �ith the examination giving me cause to �elieve that in any material respect�
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1� accounting records �ere not �ept in respect of the company as re�uired �y section �8� of the 200� �ct� or
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2� the accounts do not accord �ith those records� or
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�� the accounts do not comply �ith the accounting re�uirements of section �9� of the 200� �ct other than any re�uirement that the accounts give a �true and fair vie�� �hich is not a matter considered as part of an independent examination� or
I have no concerns and have come across no other matters in connection �ith the examination to �hich attention should �e dra�n in this report in order to ena�le a proper understanding of the accounts to �e reached�
Richard �ill ��� �ri��in Stone Moscrop � Co �hartered �ccountants
21-27 �am��s �onduit Street
�ondon ��1N ��S �ate� 2� �une 2021
8
JOHN TROTTER TRUST
STATEMENT OF FINANCIAL ACTI�ITIES (INCORPORATIN� THE INCOME AND E�PENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2020
| Notes Income �rom� �onations and legacies 2 �harita�le activities � Investments � Total income E�penditure on� �osts of raising funds 5 �harita�le activities �-7 Total e�penditure Net movement in �unds Reconciliation o� �unds� Total funds �rought for�ard Total �unds carried �or�ard |
year ended �1 �ecem�er 2020 unrestricted restricted total � � � �1�710 5��07 �7�117 2��2�� 1�875 2��109 - 1� 1� ���944 7�29� 73�239 - ���20 ���20 72��05 - 72��05 72�30� 3�320 7���2� (��3�0) 3�97� (2�3��) 1�111�2�� 18���8 1�129�572 1�104��74 22�313 1�127�1�7 |
� �0�592 85�51� 8� 2019 (as restated) |
|---|---|---|
| 11��190 | ||
| ��01� 98�8�� |
||
| 101��47 | ||
| 14�343 1�115�229 |
||
| 1�129��72 |
�ll activities relate to continuing operations�
The attached notes form part of these accounts
9
JOHN TROTTER TRUST Company Registration Number� 04709100
BALANCE SHEET AS AT 31 DECEMBER 2020
| Notes Fi�ed assets Tangi�le assets 9 Current assets �e�tors 10 Stoc� �ash at �an� and in hand Current liabilities �reditors� �mounts falling due �ithin one year 11 Net current assets�(liabilities) Total assets less current lia�ilities �reditors� �mounts falling due after one year 12 Net assets Fund �eneral �und 1� Restricted �unds 1� |
2020 2019 (as restated) � � 1�199�17� 1�219�859 1��95 175 700 1�000 �0�7�2 22�9�� �2�857 2��109 17�5�8 10�90� 2��319 13�203 1�224�492 1�233�0�2 97��05 10���90 1�127�1�7 1�129��72 1�104��74 1�111�234 22�313 1��33� 1�127�1�7 1�129��72 |
2020 2019 (as restated) � � 1�199�17� 1�219�859 1��95 175 700 1�000 �0�7�2 22�9�� �2�857 2��109 17�5�8 10�90� 2��319 13�203 1�224�492 1�233�0�2 97��05 10���90 1�127�1�7 1�129��72 1�104��74 1�111�234 22�313 1��33� 1�127�1�7 1�129��72 |
|---|---|---|
| 175 1�000 22�9�� |
||
| 2��109 10�90� |
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| 13�203 | ||
| 1�233�0�2 10���90 |
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| 1�129��72 | ||
| 1�111�234 1��33� |
||
| 1�129��72 |
The �irectors consider that the company is entitled to exemption from the re�uirement to have an audit under the provisions of section �77 of the �ompanies �ct 200� (�the �ct�) and mem�ers have not re�uired the company to o�tain an audit for the year in �uestion in accordance �ith section �7� of the �ct�
The �irectors ac�no�ledge their responsi�ilities for ensuring that the company �eeps accounting records �hich comply �ith section �8� of the �ct and for preparing financial statements �hich give a true and fair vie� of the state of affairs of the company as at �1 �ecem�er 2020 and of its net incoming resources for the year then ended in accordance �ith the re�uirements of sections �9� and �95 of the �ct and �hich other�ise comply �ith the re�uirements of the �ompanies �ct 200� relating to the financial statements so far as applica�le to the company�
The financial statements have �een prepared in accordance �ith the special provisions relating to companies su��ect to the small companies regime �ithin Part 15 of the �ompanies �ct 200��
The �inancial statements �ere approved �y the �irectors on 1� �une 2021 and signed on their �ehalf �y�
SI��N �N�R�� �RI��T ���IR��N
The attached notes form part of these accounts�
10
JOHN TROTTER TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
1� Accounting Policies
1�1 Basis o� preparation o� �inancial statements
The financial statements have �een prepared under the historical cost convention �ith items recognised at cost or transaction value unless other�ise stated in the relevant notes to these accounts� The financial statements have �een prepared in accordance �ith the Statement of Recommended Practice� �ccounting and Reporting �y �harities preparing their accounts in accordance �ith the �inancial Reporting Standard applica�le in the �� and Repu�lic of Ireland (�RS 102) effective 1 �anuary 2019 and �inancial Reporting Standard applica�le in the �nited �ingdom and Repu�lic of Ireland (�RS 102)� �harities �ct 2011 and the �ompanies �ct 200��
1�2 Company Status
The company is a company limited �y guarantee� The mem�ers of the company are the directors named on page 2� In the event of the company �eing �ound up� the lia�ility in respect of the guarantee is limited to �10 per mem�er of the company�
1�3 Fund accounting
�eneral funds are unrestricted funds �hich are availa�le for use at the discretion of the mem�ers in furtherance of the general o��ectives of the �harity� Restricted funds represent money that has �een given to only �e applied for a specific purpose�
1�4 Income
Recognition o� income�
Income is included in the Statement of �inancial �ctivities (S���) �hen� a� the company �ecomes entitled to the resources�
�� it is pro�a�le that the company �ill receive the resources� and
c� the monetary value can �e measured �ith sufficient relia�ility�
�rants and donations�
�rants and donations are only included in the S��� �hen the company has unconditional entitlement to the resources�
Ta� reclaims on donations and gi�ts�
Incoming resources from tax reclaims are included in the S��� at the same time as the gift to �hich they relate and amounts o�ed to the charity at the �alance sheet date in this regard are sho�n as de�tors�
Income �rom charitable activities
Sales from the charitia�le use of the �uildings includes the operation of the caf� and hall hire�
1��� E�penditure
Resources expended are disclosed inclusive of ��T �here applica�le�
�xpenditure incurred in connection �ith freehold land and �uilding �hich are not of capital nature are allocated as charita�le activites in S��� on the �asis that all charita�le activities of the company �ill �e carried out from it� Support costs �ithin charita�le activities are those costs incurred indirectly in support of expenditure on the o��ects of the charity or in connection �ith the management and administration of the charity� �overnance costs reflect the costs of complying �ith constitutional and statutory re�uirements�
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JOHN TROTTER TRUST
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2020
1��� Tangible �i�ed assets and depreciation
�ixed assets are stated at cost less accumulated depreciation� �epreciation is provided at rates calculated to �rite off the costs of each asset over its expected useful life�
�reehold land and �uilding and professional fees and fixtures and fittings associated �ith the redevelopment of the �uilding are stated at cost�
�epreciation on the �uilding element has commenced�
1�7 Interest receivable
Interest on funds held on deposit is included �hen receiva�le and the amount can �e measured relia�ly �y the charity� this is normally upon notification of the interest paid or paya�le �y the �an��
1�� Debtors
�e�tors are recognised at the settlement amount� Prepayments are valued at the amount prepaid�
1�9 Cash at Ban� and in hand
�ash at �an� and in hand includes �an� current accounts and deposit accounts �ith a short maturity of three months or less from the date of opening of the account�
1�10 Liabilities and provisions
�ia�ilities are recognised �hen there is an o�ligation at the Balance sheet date as a result of a past event� it is pro�a�le that a transfer of economic �enefit �ill �e re�uired in settlement� and the amount of the settlement can �e estimated relia�ly� �ia�ilities are recognised at the amount that the charity anticipates it �ill pay to settle the de�t or the amount it has received as advanced payments for the goods or services it must provide�
1�11 Financial instruments
The charity only has financial assets and financial lia�ilities of a �ind that �ualify as �asic financial instruments� Basic financial instruments (including de�tors and creditors) are initially recognised at transaction value and su�se�uently measured at their settlement value�
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JOHN TROTTER TRUST
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2020
2� Income �rom donations� grants and legacies
| �onations Income tax recovera�le on gift aid �rants Total donations and legacies |
�nrestricted Restricted Total 2020 � � � 1��975 5��82 22��57 ���09 25 ����� 21�127 - 21�127 �1�710 5��07 �7�117 |
Total 2019 � 2���0� ��189 - |
|---|---|---|
| �0�592 |
In 2019 �15��8� of the income from donations �as in respect of restricted funds�
3� Income �rom charitable activities
| �undraising Income from renting car par�ing spaces Income from charita�le activities Total fundraising income |
�nrestricted Restricted Total 2020 � � � - 1�875 1�875 2�000 - 2�000 22�2�� - 22�2�� 2��2�� 1�875 2��109 |
2019 � 11�771 1�9�� 71�797 |
|---|---|---|
| 85�51� |
Income from charita�le activities represents sales from drop-in visits and room hires�
4� Investment income
| �ividends and interest �� Costs o� raising �unds �ther fundraising costs |
�nrestricted Restricted Total 2020 � � � - 1� 1� �nrestricted Restricted Total 2020 � � � - ���20 ���20 |
2019 � 8� |
|---|---|---|
| 2019 � ��01� |
�ll of the fundraising costs from 2019 �ere chargea�le to restricted funds�
�� Charitable activities
| Direct costs �osts of operations - drop-in visits and room hires Support costs �aintenance of land and �uilding �epreciation Pu�lic lia�ility and �uilding insurance Ban�ing fees Building utility costs |
�nrestricted Restricted Total 2020 � � � �8���� - �8���� 280 - 280 20��8� - 20��8� 1�778 - 1�778 1�0 - 1�0 ���05 - ���05 2��278 - 2��279 �����1 - �����2 |
2019 � 5���8� |
|---|---|---|
| ��58� 20��8� 1�8�5 ��� ���08 |
||
| ���88� | ||
| 90�270 |
7� Charitable activities - governance costs
| Independent examination fee Interest paid on secured loan |
�nrestricted Restricted Total 2020 � � � 1��09 - 1��09 ��05� - ��05� 7���� - 7���� |
2019 � 1��5� 7�111 |
|---|---|---|
| 8�5�� |
1�
JOHN TROTTER TRUST
NOTES TO THE FINANCIAL STATEMENTS(Continued)
FOR THE YEAR ENDED 31 DECEMBER 2020
�� Total E�penditure
�uring the year� no Trustees received any remuneration (2019 - �NI�)�
�uring the year� no Trustees received any �enefits in �ind (2019 - �NI�)�
�uring the year� no Trustee received any reim�ursement of expenses (2019 - �NI�)� Included in the direct costs (note �) are �19��8� of staff costs for t�o employees (2019 - �20��52)
9� Fi�ed Assets
| �ost as at 1 �anuary 2020 �dditions during the year �ost as at �1 �ecem�er 2020 �epreciation as at 1 �anuary 2020 �epreciation �epreciation as at �1 �ecem�er 2020 Net �oo� value as at �1 �ecem�er 2020 Net �oo� value as at �1 �ecem�er 2019 10� Debtors �ther de�tors 11� Creditors� Amounts �alling due �ithin one year �ccruals and deferred income Secured �oan Secured �oan� refer to Note 12� |
�reehold �and and Buildings � 1�250��15 - |
�ixtures and �ittings � 2��79� - 2��79� 8�225 2��80 10�90� 15�892 |
Total � 1�277�111 - |
|---|---|---|---|
| 1�250��15 | 1�277�111 | ||
| �9�027 18�00� |
57�252 20��8� |
||
| �7�0�� | 77�9�8 | ||
| 1�18��281 | 1�199�17� | ||
| 1�201�288 | 18�571 | 1�219�859 | |
| 2020 � 1��95 2020 � ��89� 12���5 17�5�8 |
2019 � 175 |
||
| 2019 � ���15 ��591 |
|||
| 10�90� | |||
1�
JOHN TROTTER TRUST
NOTES TO THE FINANCIAL STATEMENTS(Continued)
FOR THE YEAR ENDED 31 DECEMBER 2020
12� Creditors� Amounts �alling due a�ter one year
| 2020 | 2019 | |
|---|---|---|
| � | � | |
| Secured loan | 97��0� | 10���90 |
The Trust has a long-term loan ta�en out to fund the development of the freehold property �no�n as the �pen �oor �entre (formerly �no�n as the Red �ross �entre)� This loan is secured on the freehold property�
�f the �alance repaya�le �y instalments on the secured loan�����725 �as repaya�le after more than 5 years�
13� Statement o� �unds
| �eneral funds Total Funds Restricted funds - Phase II �pen �oor Pro�ect |
� � � 1�111�2�� �5�9�5 72��05 18���8 7�295 ���20 1�129�572 7��2�0 75��25 Brought For�ard (restated) Income E�penditure |
� 1�10��87� 22��1� Carried For�ard |
|---|---|---|
| 1�127�187 |
In preparing the 2020 financial statements the trustees have identified that there �as income and expenditure incurred in 2019 �hich should have �een classified as relating to a restricted fund� �ccordingly the comparative information as at �1 �ecem�er 2019 has �een restated �here applica�le� including the opening �alance sho�n in the statement of funds a�ove�
14� Related party transactions
�rs � �orney� �r R �a�son and Rev'd � Rimmer �ho �ere directors of the company during the year �ere also mem�ers of the P�� of �hrist �hurch� Barnet�
�uring the year total donations of �10��50 (2019 - �1��09�) �ere received from the Trustees� �n amount of ��9 (2019 - �859) �as paid to a company of �hich a Trustee is a director and shareholder� This payment �as in respect of the commissioning of e�uipment for the �uilding and �as supplied at cost price to the charity�
1�� Post balance sheet events
Since �arch 2020� the spread of ���I�-19 has severely impacted many local economies around the glo�e� �easures ta�en to contain the spread of the virus� including �uarantines� social distancing� and closures of non-essential services have triggered significant disruptions to �usinesses� resulting in an economic slo�do�n�
The duration and impact of the ���I�-19 pandemic� as �ell as the effectiveness of government and central �an� responses� remains unclear at this time� It is not possi�le to relia�ly estimate the duration of severity of the conse�uences� as �ell as their impact on the financial position and results of the charity for future periods�
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