**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 - 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)� - ii� hosting a free �hristmas �ar�et for families facing serious financial and other pressures over �hristmas (see paragraphs 1�-20)� and - 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� � 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�� - _... the meals are just the right portion size ..._ - _... to know that help is at hand, a smile and a quick chat is much appreciated ..._ - _... we have been enjoying your varied and delicious meals so kindly delivered to us by your team of volunteers ..._ - _... 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' ..._ - _... it is nice to see a kind face at the door with your meal ..._ - _... it was good to talk to old friends ..._ - _...... I have sent a small donation and will continue to do so ... until our ‘troubles’ are over ._ - _... you are doing a grand job ..._ - _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 ..._ - _... 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 � 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� - select suita�le accounting policies and the apply them consistently� - o�serve the methods and principles in the �harities S�RP� - ma�e �udgments and estimates that are reasona�le and prudent� - state �hether applica�le �� �ccounting Standards have �een follo�ed� su��ect to any material departures disclosed and explained in the financial statements� � - 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� - examine the accounts under section 1�5 of the 2011 �ct� - 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 - 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� - 1� accounting records �ere not �ept in respect of the company as re�uired �y section �8� of the 200� �ct� or - 2� the accounts do not accord �ith those records� or - �� 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�| |||**13�203**| |||**1�233�0�2**
10���90| |||**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� 11 ## **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� 12 ## **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� 15