## CYNTHIA DELLA HOY’S CROXTON CHARITY
CHAIRMAN’S REPORT for Year Ending September 2021
It is with great sadness that just after the end of our financial year, we learned of the death of Bernard Stanley, a trustee and our company secretary. Being a solicitor Bernard’s expertise was invaluable in establishing the charity at its conception. Unfortunately having to move into care he could no longer attend our meetings, although he was kept informed with all the charities work and made comment when required.
Our net income at £30k this year has been the best so far as all the properties are now in a position to be let and our only losses had been some short gaps between tenants. Maintenance of the cottages is continuing at pace starting the year with new windows for much of No.5 followed by new roof on the back of 4 & 5 with a combined cost on those projects of £5.7k and once into the spring we were able to complete reroofing the roadside of the properties at a cost of £13.5k, which now completes the reroofing of ALL the properties. With another £3.6k being spent on smaller nonspecific items throughout the year.
We have also had a record year in terms of grant aiding good causes and whilst continuing our support for TADDS and our church we have made two big donations one to East Wretham for a defibrillator and the other to the Foodbank to support their part purchase of the old Church of the Nazarene as a new base. In total we granted £9.3k leading us to a loss of £5.2k for the year.
The Charity has had a very good year completing many major projects. With all the properties occupied we will still have a lot of jobs to do in terms of keeping them up to date and we know some of these will be emergency jobs to keep our tenants happy but all in all we should be able to make more money available for good causes.
Once again, I can only offer my thanks to all the trustees for their support in ensuring that as a charity we can support as many causes as possible.
I Andrew Chairman
```
REGISTERED COMPANY NUMBER: 08107202 (England and Wales)
REGISTERED CHARITY NUMBER: 1148374
```
```
Report of the Trustees and
```
## **`Unaudited Financial Statements`**
```
for the Year Ended 30th September 2021
```
## **`for`**
```
Cynthia Della Hoy's Croxton Charity
```
```
TWR Accountants
The Old Registrars
57a High Street
Brandon
Suffolk
IP27 0AU
```
```
Cynthia Della Hoy's Croxton Charity
```
```
Contents of the Financial Statements
for the year ended 30th September 2021
```
||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 2`|
|**`Independent Examiner's Report`**|`3`|
|**`Statement of Financial Activities`**|`4`|
|**`Balance Sheet`**|`5 to 6`|
|**`Notes to the Financial Statements`**|`7 to 11`|
|**`Detailed Statement of Financial Activities`**|`12`|
```
Cynthia Della Hoy's Croxton Charity
```
## **`Report of the Trustees`**
## **`for the year ended 30th September 2021`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsof thecharityfortheyearended30thSeptember2021.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
To provide financial support to charitable projects in and around Croxton.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
08107202 (England and Wales)
```
## **`Registered Charity number`**
```
1148374
```
## **`Registered office`**
```
The Old Registrars
57a High Street
Brandon
Suffolk
IP27 0AU
```
## **`Trustees`**
```
Mr N Manderfield
Mr I Andrew
Mr C J Walford
Mr R King
Mr B Stanley (deceased 5.10.21)
Dr P Herbert
Mr A Poore
Mr G Scott (appointed 1.3.21)
```
## **`Company Secretary`**
```
Mr B Stanley
```
## **`Independent Examiner`**
```
TWR Accountants
The Old Registrars
57a High Street
Brandon
Suffolk
IP27 0AU
```
## **`COMMENCEMENT OF ACTIVITIES`**
```
Activitiescommencedon1stJuly2012whenpropertiesgivenunderthewillofCynthiaDellaHoywhodiedon 10th
June 2005 were vested to the Trust.
```
```
Approved by order of the board of trustees on 22nd October 2021 and signed on its behalf by:
```
```
Page 1
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Report of the Trustees`**
## **`for the year ended 30th September 2021`**
```
Mr N Manderfield - Trustee
```
```
Page 2
```
## **`Independent Examiner's Report to the Trustees of Cynthia Della Hoy's Croxton Charity`**
## **`Independent examiner's report to the trustees of Cynthia Della Hoy's Croxton Charity ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
30th September 2021.
```
## **`Responsibilities and basis of report`**
```
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith 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)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Mr P J Smith FCCA
TWR Accountants
The Old Registrars
57a High Street
Brandon
Suffolk
IP27 0AU
```
```
16th November 2021
```
```
Page 3
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Statement of Financial Activities`**
## **`for the year ended 30th September 2021`**
|**`2021`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`INCOME AND ENDOWMENTS FROM`**
`Investment income`
`2`
**`33,199`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Grants to institutions`
**`9,310`**
`Governance costs`
**`696`**
`Finance costs`
**`79`**
`Charitable expenditure`
**`28,290`**
**`Total`**
**`38,375`**
**`NET INCOME/(EXPENDITURE)`**
**`(5,176)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`489,370`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`484,194`**|`2020`
`Total`
`funds`
`£`
`26,690`
`3,110`
`690`
`84`
`18,259`|
|---|---|
||`22,143`|
||`4,547`
`484,823`|
||`489,370`|
```
The notes form part of these financial statements
```
```
Page 4
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Balance Sheet`**
## **`30th September 2021`**
|**`2021`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`FIXED ASSETS`**
`Investment property`
`5`
**`480,000`**
**`CURRENT ASSETS`**
`Cash at bank`
**`4,824`**
**`CREDITORS`**
`Amounts falling due within one year`
`6`
**`(630)`**
**`NET CURRENT ASSETS`**
**`4,194`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`484,194`**
**`NET ASSETS`**
**`484,194`**
**`FUNDS`**
`7`
`Unrestricted funds`
**`484,194`**
**`TOTAL FUNDS`**
**`484,194`**|`2020`
`Total`
`funds`
`£`
`480,000`
`10,000`
`(630)`
`9,370`
`489,370`
`489,370`
`489,370`
`489,370`|
|---|---|
```
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 30th September 2021.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30th September 2021 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.`
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 5
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Balance Sheet - continued`**
## **`30th September 2021`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
```
The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 22ndOctober2021 and
were signed on its behalf by:
```
```
Mr N Manderfield - Trustee
```
```
Mr I Andrew - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
Cynthia Della Hoy's Croxton Charity
```
```
Notes to the Financial Statements
```
```
for the year ended 30th September 2021
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
```
Grants offered subject to conditionswhich have not been met at the year end date are noted as a commitment
but not accrued as expenditure.
```
## **`Investment property`**
```
Investmentpropertyis shownatmostrecentvaluation.Anyaggregatesurplusordeficitarisingfrom changes
in fair value is recognised in the Statement of Financial Activities.
```
## **`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.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`2. INVESTMENT INCOME`**
|`Rents received`
`Deposit account interest`|**`2021`**
**`£`**
**`33,198`**
**`1`**
**`33,199`**|`2020`
`£`
`26,680`
`10`|
|---|---|---|
|||`26,690`|
```
continued...
```
```
Page 7
```
```
Cynthia Della Hoy's Croxton Charity
```
```
Notes to the Financial Statements - continued
```
## **`for the year ended 30th September 2021`**
## **`3. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30thSeptember2021norfor the
year ended 30th September 2020.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended30thSeptember2021norfortheyear ended
30th September 2020.
```
## **`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**||
|---|---|
||`Unrestricted`|
||`fund`|
||`£`|
|**`INCOME AND ENDOWMENTS FROM`**||
|`Investment income`|`26,690`|
|**`EXPENDITURE ON`**||
|**`Charitable activities`**||
|`Grants to institutions`||
||`3,110`|
|`Governance costs`||
||`690`|
|`Finance costs`||
||`84`|
|`Charitable expenditure`||
||`18,259`|
|**`Total`**|`22,143`|
|**`NET INCOME`**|`4,547`|
|**`RECONCILIATION OF FUNDS`**||
|**`Total funds brought forward`**|`484,823`|
|**`TOTAL FUNDS CARRIED FORWARD`**|`489,370`|
```
continued...
```
```
Page 8
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Notes to the Financial Statements - continued`**
## **`for the year ended 30th September 2021`**
|**`5.`**
**`INVESTMENT PROPERTY`**
**`FAIR VALUE`**
`At 1st October 2020`
`and 30th September 2021`
**`NET BOOK VALUE`**
`At 30th September 2021`
`At 30th September 2020`
**`6.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Accrued expenses`
**`7.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At`
`1.10.20`
`£`
**`489,370`**
**`489,370`**
`Incoming`
`resources`
`£`
**`33,199`**
**`33,199`**
`At`
`1.10.19`
`£`
`484,823`
`484,823`|**`£`**
**`480,000`**
**`480,000`**
`480,000`
**`2021`**
`2020`
**`£`**
`£`
**`630`**
`630`
`Net`
`movement`
`At`
`in funds`
`30.9.21`
`£`
`£`
**`(5,176)`**
**`484,194`**
**`(5,176)`**
**`484,194`**
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
**`(38,375)`**
**`(5,176)`**
**`(38,375)`**
**`(5,176)`**
`Net`
`movement`
`At`
`in funds`
`30.9.20`
`£`
`£`
`4,547`
`489,370`
`4,547`
`489,370`|
|---|---|---|
```
continued...
```
```
Page 9
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Notes to the Financial Statements - continued`**
## **`for the year ended 30th September 2021`**
## **`7. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`26,690`|`(22,143)`|`4,547`|
|**`TOTAL FUNDS`**|`26,690`|`(22,143)`|`4,547`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At`
`1.10.19`
`£`
`484,823`
`484,823`|`Net`
`movement`
`in funds`
`£`
`(629)`
`(629)`|`At`
`30.9.21`
`£`
`484,194`|
|---|---|---|---|
||||`484,194`|
```
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`59,889`|`(60,518)`|`(629)`|
|**`TOTAL FUNDS`**|`59,889`|`(60,518)`|`(629)`|
## **`8. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 30th September 2021.
```
```
continued...
```
```
Page 10
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Notes to the Financial Statements - continued`**
```
for the year ended 30th September 2021
```
## **`9. GRANTS TO INSTITUTIONS`**
```
Thetford Foodbank £5,500
Cancer Research UK £150
Wretham PC Defibrillator £1,500
Salvation Army - Night Shelter £500
Thetford Singers £250
British Heart Foundation £50
Croxton Churchyard £700
TADDS £660
```
```
Page 11
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Detailed Statement of Financial Activities for the year ended 30th September 2021`**
|**`Detailed Statement of Financial Activities`**
**`for the year ended 30th September 2021`**|||
|---|---|---|
||`2021`|`2020`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Investment income`**|||
|`Rents received`|**`33,198`**|`26,680`|
|`Deposit account interest`|**`1`**|`10`|
||**`33,199`**|`26,690`|
|**`Total incoming resources`**|**`33,199`**|`26,690`|
|**`EXPENDITURE`**|||
|**`Charitable activities`**|||
|`Grants to institutions`|**`9,310`**|`3,110`|
|**`Support costs`**|||
|**`Management`**|||
|`Insurance`|**`1,400`**|`1,442`|
|`Letting agent fees`|**`2,988`**|`2,401`|
|`Property repairs`|**`23,809`**|`14,411`|
|`Sundries`|**`93`**|`5`|
||**`28,290`**|`18,259`|
|**`Finance`**|||
|`Bank charges`|**`79`**|`84`|
|**`Governance costs`**|||
|`Accountancy`|**`696`**|`690`|
|`Total resources expended`|**`38,375`**|`22,143`|
|**`Net (expenditure)/income`**|**`(5,176)`**|`4,547`|
```
This page does not form part of the statutory financial statements
```
```
Page 12
```
```
REGISTERED COMPANY NUMBER: 08107202 (England and Wales)
REGISTERED CHARITY NUMBER: 1148374
```
```
Report of the Trustees and
```
## **`Unaudited Financial Statements`**
```
for the Year Ended 30th September 2021
```
## **`for`**
```
Cynthia Della Hoy's Croxton Charity
```
```
TWR Accountants
The Old Registrars
57a High Street
Brandon
Suffolk
IP27 0AU
```
```
Cynthia Della Hoy's Croxton Charity
```
```
Contents of the Financial Statements
for the year ended 30th September 2021
```
||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 2`|
|**`Independent Examiner's Report`**|`3`|
|**`Statement of Financial Activities`**|`4`|
|**`Balance Sheet`**|`5 to 6`|
|**`Notes to the Financial Statements`**|`7 to 11`|
|**`Detailed Statement of Financial Activities`**|`12`|
```
Cynthia Della Hoy's Croxton Charity
```
## **`Report of the Trustees`**
## **`for the year ended 30th September 2021`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsof thecharityfortheyearended30thSeptember2021.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
To provide financial support to charitable projects in and around Croxton.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
08107202 (England and Wales)
```
## **`Registered Charity number`**
```
1148374
```
## **`Registered office`**
```
The Old Registrars
57a High Street
Brandon
Suffolk
IP27 0AU
```
## **`Trustees`**
```
Mr N Manderfield
Mr I Andrew
Mr C J Walford
Mr R King
Mr B Stanley (deceased 5.10.21)
Dr P Herbert
Mr A Poore
Mr G Scott (appointed 1.3.21)
```
## **`Company Secretary`**
```
Mr B Stanley
```
## **`Independent Examiner`**
```
TWR Accountants
The Old Registrars
57a High Street
Brandon
Suffolk
IP27 0AU
```
## **`COMMENCEMENT OF ACTIVITIES`**
```
Activitiescommencedon1stJuly2012whenpropertiesgivenunderthewillofCynthiaDellaHoywhodiedon 10th
June 2005 were vested to the Trust.
```
```
Approved by order of the board of trustees on 22nd October 2021 and signed on its behalf by:
```
```
Page 1
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Report of the Trustees`**
## **`for the year ended 30th September 2021`**
```
Mr N Manderfield - Trustee
```
```
Page 2
```
## **`Independent Examiner's Report to the Trustees of Cynthia Della Hoy's Croxton Charity`**
## **`Independent examiner's report to the trustees of Cynthia Della Hoy's Croxton Charity ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
30th September 2021.
```
## **`Responsibilities and basis of report`**
```
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith 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)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Mr P J Smith FCCA
TWR Accountants
The Old Registrars
57a High Street
Brandon
Suffolk
IP27 0AU
```
```
16th November 2021
```
```
Page 3
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Statement of Financial Activities`**
## **`for the year ended 30th September 2021`**
|**`2021`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`INCOME AND ENDOWMENTS FROM`**
`Investment income`
`2`
**`33,199`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Grants to institutions`
**`9,310`**
`Governance costs`
**`696`**
`Finance costs`
**`79`**
`Charitable expenditure`
**`28,290`**
**`Total`**
**`38,375`**
**`NET INCOME/(EXPENDITURE)`**
**`(5,176)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`489,370`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`484,194`**|`2020`
`Total`
`funds`
`£`
`26,690`
`3,110`
`690`
`84`
`18,259`|
|---|---|
||`22,143`|
||`4,547`
`484,823`|
||`489,370`|
```
The notes form part of these financial statements
```
```
Page 4
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Balance Sheet`**
## **`30th September 2021`**
|**`2021`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`FIXED ASSETS`**
`Investment property`
`5`
**`480,000`**
**`CURRENT ASSETS`**
`Cash at bank`
**`4,824`**
**`CREDITORS`**
`Amounts falling due within one year`
`6`
**`(630)`**
**`NET CURRENT ASSETS`**
**`4,194`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`484,194`**
**`NET ASSETS`**
**`484,194`**
**`FUNDS`**
`7`
`Unrestricted funds`
**`484,194`**
**`TOTAL FUNDS`**
**`484,194`**|`2020`
`Total`
`funds`
`£`
`480,000`
`10,000`
`(630)`
`9,370`
`489,370`
`489,370`
`489,370`
`489,370`|
|---|---|
```
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 30th September 2021.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30th September 2021 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.`
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 5
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Balance Sheet - continued`**
## **`30th September 2021`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
```
The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 22ndOctober2021 and
were signed on its behalf by:
```
```
Mr N Manderfield - Trustee
```
```
Mr I Andrew - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
Cynthia Della Hoy's Croxton Charity
```
```
Notes to the Financial Statements
```
```
for the year ended 30th September 2021
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
```
Grants offered subject to conditionswhich have not been met at the year end date are noted as a commitment
but not accrued as expenditure.
```
## **`Investment property`**
```
Investmentpropertyis shownatmostrecentvaluation.Anyaggregatesurplusordeficitarisingfrom changes
in fair value is recognised in the Statement of Financial Activities.
```
## **`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.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`2. INVESTMENT INCOME`**
|`Rents received`
`Deposit account interest`|**`2021`**
**`£`**
**`33,198`**
**`1`**
**`33,199`**|`2020`
`£`
`26,680`
`10`|
|---|---|---|
|||`26,690`|
```
continued...
```
```
Page 7
```
```
Cynthia Della Hoy's Croxton Charity
```
```
Notes to the Financial Statements - continued
```
## **`for the year ended 30th September 2021`**
## **`3. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30thSeptember2021norfor the
year ended 30th September 2020.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended30thSeptember2021norfortheyear ended
30th September 2020.
```
## **`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**||
|---|---|
||`Unrestricted`|
||`fund`|
||`£`|
|**`INCOME AND ENDOWMENTS FROM`**||
|`Investment income`|`26,690`|
|**`EXPENDITURE ON`**||
|**`Charitable activities`**||
|`Grants to institutions`||
||`3,110`|
|`Governance costs`||
||`690`|
|`Finance costs`||
||`84`|
|`Charitable expenditure`||
||`18,259`|
|**`Total`**|`22,143`|
|**`NET INCOME`**|`4,547`|
|**`RECONCILIATION OF FUNDS`**||
|**`Total funds brought forward`**|`484,823`|
|**`TOTAL FUNDS CARRIED FORWARD`**|`489,370`|
```
continued...
```
```
Page 8
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Notes to the Financial Statements - continued`**
## **`for the year ended 30th September 2021`**
|**`5.`**
**`INVESTMENT PROPERTY`**
**`FAIR VALUE`**
`At 1st October 2020`
`and 30th September 2021`
**`NET BOOK VALUE`**
`At 30th September 2021`
`At 30th September 2020`
**`6.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Accrued expenses`
**`7.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At`
`1.10.20`
`£`
**`489,370`**
**`489,370`**
`Incoming`
`resources`
`£`
**`33,199`**
**`33,199`**
`At`
`1.10.19`
`£`
`484,823`
`484,823`|**`£`**
**`480,000`**
**`480,000`**
`480,000`
**`2021`**
`2020`
**`£`**
`£`
**`630`**
`630`
`Net`
`movement`
`At`
`in funds`
`30.9.21`
`£`
`£`
**`(5,176)`**
**`484,194`**
**`(5,176)`**
**`484,194`**
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
**`(38,375)`**
**`(5,176)`**
**`(38,375)`**
**`(5,176)`**
`Net`
`movement`
`At`
`in funds`
`30.9.20`
`£`
`£`
`4,547`
`489,370`
`4,547`
`489,370`|
|---|---|---|
```
continued...
```
```
Page 9
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Notes to the Financial Statements - continued`**
## **`for the year ended 30th September 2021`**
## **`7. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`26,690`|`(22,143)`|`4,547`|
|**`TOTAL FUNDS`**|`26,690`|`(22,143)`|`4,547`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At`
`1.10.19`
`£`
`484,823`
`484,823`|`Net`
`movement`
`in funds`
`£`
`(629)`
`(629)`|`At`
`30.9.21`
`£`
`484,194`|
|---|---|---|---|
||||`484,194`|
```
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`59,889`|`(60,518)`|`(629)`|
|**`TOTAL FUNDS`**|`59,889`|`(60,518)`|`(629)`|
## **`8. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 30th September 2021.
```
```
continued...
```
```
Page 10
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Notes to the Financial Statements - continued`**
```
for the year ended 30th September 2021
```
## **`9. GRANTS TO INSTITUTIONS`**
```
Thetford Foodbank £5,500
Cancer Research UK £150
Wretham PC Defibrillator £1,500
Salvation Army - Night Shelter £500
Thetford Singers £250
British Heart Foundation £50
Croxton Churchyard £700
TADDS £660
```
```
Page 11
```
```
Cynthia Della Hoy's Croxton Charity
```
## **`Detailed Statement of Financial Activities for the year ended 30th September 2021`**
|**`Detailed Statement of Financial Activities`**
**`for the year ended 30th September 2021`**|||
|---|---|---|
||`2021`|`2020`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Investment income`**|||
|`Rents received`|**`33,198`**|`26,680`|
|`Deposit account interest`|**`1`**|`10`|
||**`33,199`**|`26,690`|
|**`Total incoming resources`**|**`33,199`**|`26,690`|
|**`EXPENDITURE`**|||
|**`Charitable activities`**|||
|`Grants to institutions`|**`9,310`**|`3,110`|
|**`Support costs`**|||
|**`Management`**|||
|`Insurance`|**`1,400`**|`1,442`|
|`Letting agent fees`|**`2,988`**|`2,401`|
|`Property repairs`|**`23,809`**|`14,411`|
|`Sundries`|**`93`**|`5`|
||**`28,290`**|`18,259`|
|**`Finance`**|||
|`Bank charges`|**`79`**|`84`|
|**`Governance costs`**|||
|`Accountancy`|**`696`**|`690`|
|`Total resources expended`|**`38,375`**|`22,143`|
|**`Net (expenditure)/income`**|**`(5,176)`**|`4,547`|
```
This page does not form part of the statutory financial statements
```
```
Page 12
```