Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 COMPANY REGISTRATION NUMBER: 08072008 CHARITY REGISTRATION NUMBER: 1149186 Ellingham Community Trust Company Limited by Guarantee Unaudited Financial Statements 31 May 2024
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Limited by Guarantee Financial Statements Year ended 31 May 2024 Page Trustees, annual report (incorporating the directorfs report) Independent examine¢s report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial positlon Notes to the financial statements
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Llmlted by Guarantee Trustees. Annual Report {Incorporatlng tho Dlractorfs Roport) Year ended 31 May 2024 The trustees, who are also the directors for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 31 May 2024. Reforence and admlnlstrallve detalls R•gislered ¢harlty namè Ellingham Communty Trust Charfty reglstrallon number 1149186 Ctsmpany r•ulstratlon numbèr 08072008 Prlnclpal offi¢0 and roglstored Russell House offlce Greanwell Road Alnwick Northumb8rlar NE66 1HB The Irustees Mr. L.M.R. Fell Mr. R Stuart Mr. G.R. Unwn Cannon J R Glover D Metcaffe G Edmondson J Thompson B Friar IRetlr8d 8 May 2024} Indapèndént examln•r Northumberland Accountants Limited Russell House Greenwell Road Alnwick Northumbertand NE66 1HB
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Llmlted by Guarantee Trustees. Annual Report (Incorporatlng the Dlrectorfs Report) (willnu•dJ Year ended 31 May 2024 strncture, governance and managamént The oryanlsation Is ¢harflable company limited by guarantee, incorporated on 16th May 2012 and reglster8d as a charlty on 2nd October 2012. The company was established under a Memorandum of Association whh established the objgcts and powers of the charitable company 8nd is govemed under ils ArtIcS of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Recrultment and Appolntmwrt of Managomont Committ09 The directors of the Company 8r8 also charity trustees for th8 purposes of charity 18w and under the company Artlcles are known as members of the Management Committee. All members of the Management Committeg giv8 th& time Voluntari and r8¢0iv8 no remuneration from the charty. Trustees Inductlon and Tralnlng Most trustees are already familiar with thg pra¢ti¢al work of th& charity. Any, ngw tru$t•o$ ar• invit•d and encouraged to attend short training sessions (of no more than an hour) to familiarise Ihemsefves wth the charity and the context within which it operates.
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Limited by Guarantee Trustses. Annual Report (Incorporating the Dlrectorfs Report) fcontlnu8dJ Year ended 31 May 2024 Objodv8s and actlvltles We have referred lo the guidance contained in the Charty Commission's gonoral guidance on public benefrt when reviewing our aims and objectives and in planning our futuro o¢tivities. The Charttable Company objectives are specifically restrlcted to further such exduswely charitable purposes under the law of England and Wales as the Trustees in thelr dls¢relon shall think fiL Community wide projects are preferred to grants to small groups or individuals. Heritage, Culture and Lcul Environment protection and enhancement of k1 wildlrfe habitatg - preserving and promoting footpaths and walks - enhancing areas around the village and hamlels In the Parish - developing communty activitses and groups a newsletter to all Parishioners Economy and Employment - broadband speed to b8 improved contribution to support marketing and training for lo¢al busin8sses and in exceptional circumstances for some equipment Education and Trainlng - )Uth opportunities and transport a¢¢e$s to educational opportuniti8S- resource cenlrels Housing providing leverage to support new housing lo rent for local people the provision of conlributions towards renewable energies for homes of businesse8 to reduce fuel costs and carbon emissions- supporting Ilood defences Communty Facilities and S•rvieo$ - mc*e public transport - village hÈll improvements and more community activities village church improvements improvement8 to the village school for long tem sustainability not funded by public funds
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Llmiled by Guarantee Trustees. Annual Report (Incorporatlng the Dlractorfs Raport) fumrtlnuod) Y•ar ondad 31 May 2024 hlevements and performance A review of the Trust Objectives was undertaken lo ensure that the Trusl ramained Trevant In provtding appropriate and mutual support lo tho community. Careful consideration has been made in vtilising the Trust fund. Requests and applications of funding from the community or individuals wore supported in a timely manner. whilst all obligations imposed on the Trust by the Charities Commission. Companies Housè and HMRC were adhered to. Ag Chaimian of the Ellingham Community Trus( l am pleased to present this yearfs achievemonts, which reflect our ongoing commitment to supporting the parish and strengthening our communty. A k•y hlghlight of this year has been the Trust's comprehensive review of all govemance policies and a full rav1 of the Trusvs oblectiveg to ensure we are fil for the future, we look forward to implementing these in the next year. This work ensures that V+e remain forward-thinking and well-positioned to serve the parish effeetivoty in the years ahead. Adivilies and Aehl•vements Th8 Green Scheme has successfully approved 8 applications, helping parishioners purchase or repla¢• energy•efficient Items for thelr homes. Thls Initlatlve continues lo promote sustainability and reduce energy costs across the parish. The Training and Education Support Scheme saw a posrtive response, wlth 10 applicaloro approved. Followng last yeaVs adjustsnenls to better serve younger parishioners, the scheme has continued to support both professional development and club activities, empowering individuals to grow their skills and pursue new opportunities. The Solld Fuel Scheme remains a crlucal Ilfeline for our communrty, with over 130 households bengfiting from financial support for winter fu81. The early launch of the scheme once again provthd stability and comfort to those concemed about heating their homes during the colder months. This year, the Trust also supported the creation of a parish photographic archN8. a sIgn¢ant project aimed at preserving the visual history of our community- W8 eagerty anti¢ipate tho completlon of thls important historical record. In addition, the Trust remains steadfast in its support for the local church and the school, ensuring they continue to thrive as essential pillats of our communlty. Finally, the Tnjslees bid a fond farewell to Mr. Bob Stuart, a long-standing member and origlnal trustee of the Ellingham Community Trust, who rets'red from the Trust this year. 8ob's dedication and $eriJlce since the creation of the Trust have been invaluable. and we extend our heartfelt thanks for his cOntribuon$. INe wsh him well in his retirement and express our immens8 gratitude for hi$ many years of Mm1trAent to the parish. As ays, none of this would be possible without the continued and generous support from Wandylaw Wlnd Fann, whose backing allows us to provide th8se vital samces and inltlatives for the benefit of all parishioners.
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Limitod by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) feonUnu•dJ Year ended 31 May 2024 Flnanclal revlew The Charitable Company has recorded a deficit on tha Unreslricled General Fund of £34.557.(2023: £16.385) Rlsk Revlew The Directors and Trustees has assessed the major risks lo which the Charitable Company is exposed and are satisfied that the systems are in place to mitigate exposure to the risks. Reserves The Directors and Trusteeg have reviewed the reserves of the Charitable Company in relation to current and future requirements and are happy that these it's stated Charitable objectNes. The Charitable Company has Unrestricted Free Reserves of £22,856,{2023:£57.123) to continue to meet it's stated charitable obleeb'ves. Small company provl8lons Thi$ report has b&en prepared in accordance wth the provisions applicab to companies entitlod to the small ¢ompanigs exemption. The trustees, annual report was approved on 7 November 2024 and $lgr& on behalf of Ihe board of trustees by. DocuSb3n•d by.. 4knll CIEE206C63B34CA Mr. L.M.R. Féll Trustèe
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Limited by Guarantee Independent Examlner's Report to the Trustees of Elllngham Community Trust Year ended 31 May 2024 I report to th8 trustees on my examinalion of the finanelal statements of Elllngh8m Community Trust (Yhe chariv) for th8 year ended 31 May 2024. Responslbllltles and ba818 of report As the tnjstees of thg company land also directors for Ihe purwses of company law) you are responsible for th8 pr8paralion of the financial statements in accordance wbth the requiremènts of the Companies Act 2006 Ilhe 2006 Act,). Having satisfied myself that the ac¢ounl$ of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the Charits accounts as carried out under $ection 145 of the Charities Act 2011 ('the 2011 Act,). In ca]ng out my examination I have followed the D1ctIonS glven by th& Charity Commlssbon under sectmjn 145(51{b) of the 2011 Act. Indendent axamlnefs statomenl I have completed my examination. I confirm that no m8tter8 have come to my attention in connection wilh th8 examination giving me cause to believe: accounting reMrds werg nol k$pt Sn respect of the charity as required by section 386 of the 2006 Act.. or lh& financial $tat&ments do Mt accord with those records.. or the financial statements do not comply vAth the accountlrrfj requirements of section 396 of th8 2006 Act other than any qU1ment that the accounts give a 'true and fair vigw which is not a Matter considered 8$ part of an independent examlnatlon,. or th8 financial slatgmgnls havo nol been prepared in accordance wth the methods and principles of the Stst8ment of Rocommended Practice for accounting and reporting by chariti9s applicable to charities pr8paring their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of IrelarKI {FRS 102). I have no concems and have Come aixoss no other matter8 in connectvjn wtth the 8xamination lo which attentlon should be drawn in thig rewt In order to enable a proper und8fStanding of tho a¢¢ounts to be reached. Northumberland Accountsnts Limited Independent Examlner Russell House Greenwell Road Alnwck Northum0 NE66 1HB 7 November 2024
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Limited by Guarantee Statament of Flnancial Activltles (includlng Income and expendlture account) Year ended 31 May 2024 2024 Restricted funds Total funds Total fund$ 2023 Vnre9tricted funds Not• Income and endowments Donations and legac9 Charitable activities Investment in(x)me Other income 57.083 2,200 1.031 5,475 65,789 57.083 2,200 1,031 5,475 65,789 51.273 399 Total in¢omé 57,880 Expendlture Expenditure on charitable actsmties Other expenditure Total expendllure 9,10 11 100,031 315 3,332 103,363 315 76,285 311 100,346 3,332 103,673 76,596 Net •xp•nditure and n•t movoment in funds 134,557} (3,3321 137.889> 118,716) Reconclllallon of funds Totsl funds brought forward Totsl funds carrled forward 57,123 22.566 11,224 68,347 87,063 7.892 30,458 68,347 The statement of ffinancial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Th• notss on pagos 9 to 15 tomi part of th0$0 fln•n¢lal $tat•m•nts.
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Limited by Guarante8 Statement of Flnanclal Posltlon 31 May 2024 2024 2023 Not• Current assets Debtors Cash at bank and in hand 15 10,523 20,890 31,413 12,122 57,180 69,302 Crodltors: amounts falllng dug wlthln one ygar Not current assets 16 955 955 30,458 30.458 68,347 Total assets les8 CUbTent Ilabllltles 68.347 Funds of the charlty Restried fundg Unrestricted fund$ 7,892 22,566 30.458 11.224 57,123 Tolal charlty funds 17 68.347 For the year endlng 31 May 2024 the charity was entttled to exemption from audlt under 8ecilon 477 of the Companles Act 2006 relatlng to small companles. Dlreetors, responslbilitles.. The members have not required the company to obtaln an audlt of financial ststements for the year in question In ac(xYdance wth Section 476: The dlrectors acknowledg8 their responsibllities for cOmplng wfth the requlrements of the Act wllh respect lo accounting records and the preparation of financial statements. These finoncial statements have been propared in 8cccfftsnce with the promsiffis appllcabk to compani&s subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 7 November 2024, and are signed on behalf of the board by. DoGuS*n•d by.. CIEE2LW63834CA . Mr. L.M.R. Fell Trustee Th• not•s on pag•s 9 to 1S forni part of th•s• fSnanclal statem•nts.
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Llmlted by Guarantee Notes to the Flnanclal Statements Year ended 31 May 2024 Gonoral infomiation The charity is a wblic ben8fit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office ig Russell House. Greenwell Road, Ajnwick, Northumberland, NE66 1HB. Statsmont of compllance These financi81 statements have been prepared in compliance wth FRS 102, Th8 Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practice applicable to Charit8 preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP {FRS 102)) and the Companies Act 2006. Accountlng pollcles Basls of preparation The financial statements have been prepared on Ihe hlgtorical cost baslg. as modffied by tho revaluation of rtain financial assets and liabilities and investment properties measured at fair value through inwme or expenditure. The Ilnanclal sLitements are prepared In sterllng, lehI5 the functkjnal eurrency of tha entity. Golng concern Thero ar• no matgrial uncertainti•s about the ¢harrVs abilty to continue. Judgement8 and key sources of esllmatlon uncertalnty The preparation of the financial Statements requires management to make judgements, estimates and assumptions that affect the amounls reported. These estimatss and judgements are continualty reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonablg under the circumstances. Fund accountlng Unrestricted funds are available for use al the discretion of the trustees to further any of the charitys purposes. Designat8d funds are unrestricted funds eamiark8d by the trustees for particular future project or commitment. Restricted funds are subjected to restrictlons on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two 8ul>classes'. restricted income funds or endowment funds.
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Llmlted by Guarantee Notes to the Flnanclal Ststements (¢ontinu•dJ Year ended 31 May 2024 Acc(ntIng pollclas (eonllJNMdJ Incomlng resourceB All incoming resources are included in the statement of financial activities when entitlement has passed to the charity, it is probable that the eeonomic benefits associated vmth the transaction wll flow to the charity and the amount can be reliably measured. The followng specific polÉcies are applied to particular categorles of Income: Income from donations or grants is recc*Jnlsed when there 18 evidence of entiuement to the gift, recelpt is probable and Ils amount can be measured reliabty. legacy Income Is recognlsed when receipt is probable and entitlement is established. income from donated good8 is measured at the fair value of the go¢xls unle$s thls is Smpractical to measure reliably. in which case the value is derived from the Cost to the donor or tha estimated resale value. Donated faclilies and services are recognised in th& accounts when received if the value can be reliably measured. No amounts are included for tho contributlon of general volunteers. income from contracts for the supply of services is recognised wth the delivery of th8 contracted serv. This is classified as unrestricted funds unl8SS ther8 is a contractual raquirement for it to be spent on a particular purpose and retumed rf unspent, in which case tt may regarded ag re8tricted. Rosources expended Expenditure is recognised on an 8ccruals basis as a liabiltty is incurred. Expenditurè Includes any VAT which cannot be fully recovered, and is dassified under headings of the statement of financlal 8ctsvilies to %thich it relates.. expenditure on raising fUlS includes Ihg Costs of all fundralslng a¢tlvltles, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all Costs Incurred by a charity in undertaking acliviknes that further its charitable aims for the b8n8fit of its beneficiaries. including those support costs and costs relating to the governance of the tharity apportloned to charitsble aclivitses. Othgr expendifvr8 includes all expenditure that 1$ noithor related to raising funds for the charity nor part of its expenditure on charilablg aclwitigs. All efjsts are allo¢ated to experlbjre eategorles reflecting the use of the resource. Direct costs attributable to a single a¢tNity are allocated directy to that acllvity. Shared costs are apportioned b8tsve8n the activrties they contribule to on a 8s0n8b1e. just[fiab and con8iStent basis. Flnanclal Instruments A financial asset or a financial liability is r8cognised ijnly vthen charfty becomes a paty to the contractual provisions of the instrument. B8sic financial inslrumenls are initialty rocognlsed at the amount recelvable or payable including any related transaction costs. 10-
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Limitsd by Guarantee Notes to th• Flnanclal Statem•nts (coAthu•d) Year endad 31 May 2024 Accountlng pollcl•s (contlnu8dl Flnanclal Instruments {lI1o) Current assets and current liabilities are subsequently measurod at the or othgr consideration expected to be paid or received and not discounted. Debt instruments are sUbseqUenY measured at amortlsed cosL Whor8 investmgnts in shares are publicly traded or Iheir fair value can olhewse be measured reliably. the investment is subsequentty measured at fair value with changes in fair value recognised in income and expondiiure. Al othgr such invgslmgnts are subsequenuy measured at cost less impaimi¢nL Other finantlal in$trumÈnts, including derNatives, are initially recognised at fair value. unS payment for an asset is deferred beyond nomial business temis or financed at a rate of interest that 19 nol a market rate, In which case the asset is measured at the present value of the future paymenty di$¢ounled at a market rate of interest for a similar d8bl instrument. Other finanGial instruments are subsequently measured at fair value, wth any changes recognised in Ihe stalement of financial activtties. with the exception of hedging instruments In a designated hedging relationship. Financial assets that are measured al cost or amortised cost are reviewed for objectw& evidence of impairment at the end of each reporting date. If there is oblective evidence of impairment, an impaim)ent loss is recognised under the appropriate heading in the gtatom•nt of financial actNities in which the initial gain was recognised. For all equity instnjmenls regardless of significance. and other financial assets that are individually signrficant, these are assessed indniidually for impaimient. Other financial assets are either assessed Individually or grouped on the basls of simllar credit risk tharacteristKs. Any reversals of impaimient are e09n18d immediately. to the extent Ihat the reversal does nt)t result in a caryng amount of the financial asset that 8xceeds what the carrying amount would ha been had the impairmenl not previously been r8cognised. Llmlted by guarantee In the event of thè ¢ompany bsing wound up members are required lo Contr1tle an amounl not ex¢eeding £1. Donatlons and legacles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donalions Donation 57,083 57,083 51.273 51.273 11
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Limitad by Guaranteo Notas to tho Financial Statomonts (condnwd) Yaar onded 31 May 2024 Charftablo actlvNIos Unrestricted Tolal Funds Unr8slricted Totsl Funds Funds 2024 Funds 2023 Sale of logs 2.200 2.200 3.864 3.864 Investment Income Unrestricted Total Funds Unr8Stricted Total Funds Funds 2024 Funds 2023 Bank interest 1,031 1,031 399 399 Other Income Unreslricted Tolal Funds Unrgstricted Total Funds Funds 2024 Funds 2023 wandaw Wind Farm reimbursement 5,475 5,475 2,344 Expendlture on charftable actlvltles by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Donations - Parish Magazin8 Donations - G6neral Winter Fuel Scheme and Heat supplement Domestic Appliance Scheme DonatKsns- Re School RHI Scheme Support costs 1,907 49,583 45,626 1,907 49,583 45.626 800 3,332 2,115 103,363 3,332 2,115 100,031 3.332 Unrestricted Funds Rgslricted Total Fullds Funds 2023 Donatlons - Parish Magazine Donati)ns - General Wlnter Fuel Scheme and Heat supplement Domeslc Appllance Scheme DonatKJns - Re School RHI Scheme Support costs 1,235 23,654 44,472 1,400 1,235 23,654 44,472 1,400 3,332 2,192 76,285 3.331 2,193 72,954 3,331 -12-
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Limited by Guarantee Notss to the Financial Statements {¢onlinu8d) Yaar onded 31 May 2024 10. Expèndituro on ¢haritablo aclivilies by activity typ• Activities undertaken direcUy Support costs T¢)lal lunds 2024 Total fvnd 2023 Donations- Parish Magazine Donations - General Winter Fuel Scheme and Heat supplement Domestic Appliance Scheme Donations - Re School RHI Scheme Govemance costs 1.907 49.583 1,907 49,$83 1,235 23,654 45.626 800 3.332 45,626 800 3,332 2,115 103.363 44.472 3,332 2,192 76,285 2.115 2.115 101,248 11. Other expendllure Unreslricted Totsl Funds Unreslricled Total Funds Funds 2024 Funds 2023 Insuran 315 315 311 311 12. Ind8pand•nt èxamination fees 2024 2023 Fees payable to the ind8pendent examiner for. Independent examination of the financial statements 823 13. Staff costs 2024 No. 2023 Number of staff - Part time Trustees No employee received emph)yee ben&fits of more than £60,000 during the year (2023: NII). 14. Tru$tso romunoration and expenses I members of the Managèment Committee give their time voluntarily and receN6 no remuneration from the charity. -13-
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Limitad by Guarantee Notss to the Flnanclal Statements (condnu8d) Year ended 31 May 2024 15. Debtors 2024 2023 Prepayments and accrued income Loan to Ellingham School Schema Other debtors 118 9.995 6.663 3.742 10,523 12.122 16. Credltors: amounts falling du8 within ono ar 2024 2023 Other Creditors 955 955 17. Anatysls of charltabk funds Unrestrlcted funds At 1 June 2023 Income Expenditure 31 May 2024 Unrestricted Fund 57,123 65.789 (100.346) 22.566 At 1 Jung 2022 At Incomè Expendlture 31 May 2023 Unrestricted Fund 72,508 57,880 173.265) 57.123 Rostrlcted funds At 1 June 2023 Income Expenditure 31 May 2024 Restricted FurKI 11,224 13,332} 7,892 At 1 June 2022 Al Income Expendlture 31 May 2023 Restrlcted FurKI 14,555 13,331 } 11.224 -14.
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9 Ellingham Community Trust Company Limited by Guarantee Notes to the Flnanclal Stat8mants (conllnued) Year ended 31 May 2024 18. Ana18 of nel assots b8twe•n funds Unrestricted Funds Restrieled Total Funds Funds 2024 Current assets 22,566 7,892 30N58 Unrestricted Funds Restrided Total Funds Funds 2023 Current assets 57.123 11,224 68.347 15-
Docusign EnvelopÈ ID." A067F188Do445A-BB13sco&EC4S4D9