REGISTERED CHARITY NUMBER: 1150586
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 21 March 2023
for
Alsager Round Table Charitable Trust Fnd
Marshall Accountancy Ltd St Mary's House Crewe Road Alsager Stoke-On-Trent ST7 2EW
Alsager Round Table Charitable Trust Fnd
Contents of the Financial Statements for the Year Ended 21 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
Alsager Round Table Charitable Trust Fnd
Report of the Trustees for the Year Ended 21 March 2023
The trustees present their report with the financial statements of the charity for the year ended 21 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Significant activities
We host, assist or financially support the following events for the benefit of the community: Variety Show, Summer Carnival, Music Festival, Bonfire Fireworks display, Alsager Christmas Market and Christmas light switch-on, Santa Float, One World Week.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1150586
Principal address
34 William Higgins Close Alsager Stoke on Trent ST7 2GU
Trustees
D Sale J Minger V Bata S Moore (appointed 14/3/2023) J Hurst (appointed 16/5/2023) J Ashley (appointed 16/5/2023)
Independent Examiner
Marshall Accountancy Ltd St Mary's House Crewe Road Alsager Stoke-On-Trent ST7 2EW
Approved by order of the board of trustees on 17 May 2024 and signed on its behalf by:
D Sale - Trustee
Page 1
Independent Examiner's Report to the Trustees of Alsager Round Table Charitable Trust Fnd
Independent examiner's report to the trustees of Alsager Round Table Charitable Trust Fnd
I report to the charity trustees on my examination of the accounts of Alsager Round Table Charitable Trust Fnd (the Trust) for the year ended 21 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Marshall & Co
Marshall Accountancy Ltd St Mary's House Crewe Road Alsager Stoke-On-Trent ST7 2EW
17 May 2024
Page 2
Alsager Round Table Charitable Trust Fnd
Statement of Financial Activities for the Year Ended 21 March 2023
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 7,860 373 Charitable activities Grant - 13,000 Other trading activities 2 2,343 40,122 Total 10,203 53,495 EXPENDITURE ON Raising funds 1,237 39,456 Charitable activities Grant - - Other 8,804 - Total 10,041 39,456 NET INCOME 162 14,039 RECONCILIATION OF FUNDS Total funds brought forward 1,992 22,688 TOTAL FUNDS CARRIED FORWARD 2,154 36,727 |
2023 Total funds £ 8,233 13,000 42,465 63,698 40,693 - 8,804 49,497 14,201 24,680 38,881 |
2022 Total funds £ 980 19,484 27,613 |
|---|---|---|
| 48,077 | ||
| 33,853 652 7,253 |
||
| 41,758 | ||
| 6,319 18,361 |
||
| 24,680 |
The notes form part of these financial statements
Page 3
Alsager Round Table Charitable Trust Fnd
Balance Sheet 21 March 2023
| Unrestricted Restricted fund funds Notes £ £ CURRENT ASSETS Cash at bank 2,154 36,727 NET CURRENT ASSETS 2,154 36,727 TOTAL ASSETS LESS CURRENT LIABILITIES 2,154 36,727 NET ASSETS 2,154 36,727 FUNDS 5 Unrestricted funds Restricted funds TOTAL FUNDS |
2023 Total funds £ 38,881 38,881 38,881 38,881 2,154 36,727 38,881 |
2022 Total funds £ 24,680 |
|---|---|---|
| 24,680 | ||
| 24,680 | ||
| 24,680 | ||
| 1,992 22,688 |
||
| 24,680 |
The financial statements were approved by the Board of Trustees and authorised for issue on 17 May 2024 and were signed on its behalf by:
D Sale - Trustee
The notes form part of these financial statements
Page 4
Alsager Round Table Charitable Trust Fnd
Notes to the Financial Statements for the Year Ended 21 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Fundraising events | 42,465 | 27,613 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 21 March 2023 nor for the year ended 21 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 21 March 2023 nor for the year ended 21 March 2022.
Page 5
continued...
Alsager Round Table Charitable Trust Fnd
Notes to the Financial Statements - continued for the Year Ended 21 March 2023
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fund | funds | funds | ||||
| £ | £ | £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 980 | - | 980 | |||
| Charitable activities | ||||||
| Grant | - | 19,484 | 19,484 | |||
| Other trading activities | - | 27,613 | 27,613 | |||
| Total | 980 | 47,097 | 48,077 | |||
| EXPENDITURE ON | ||||||
| Raising funds | - | 33,853 | 33,853 | |||
| Charitable activities | ||||||
| Grant | 652 | - | 652 | |||
| Other | 7,197 | 56 | 7,253 | |||
| Total | 7,849 | 33,909 | 41,758 | |||
| NET INCOME/(EXPENDITURE) | (6,869) | 13,188 | 6,319 | |||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 8,861 | 9,500 | 18,361 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,992 | 22,688 | 24,680 | |||
| 5. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| At | movement | At | ||||
| 22/3/22 | in funds | 21/3/23 | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 1,992 | 162 | 2,154 | |||
| Restricted funds | ||||||
| Bonfire | 19,618 | 8,984 | 28,602 | |||
| Christmas | 2,086 | 1,870 | 3,956 | |||
| Town Council | 984 | - | 984 | |||
| Carnival | - | 3,185 | 3,185 | |||
| 22,688 | 14,039 | 36,727 | ||||
| TOTAL FUNDS | 24,680 | 14,201 | 38,881 |
Page 6
continued...
Alsager Round Table Charitable Trust Fnd
Notes to the Financial Statements - continued for the Year Ended 21 March 2023
5. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 10,203 | (10,041) | 162 |
| Restricted funds | |||
| Bonfire | 18,393 | (9,409) | 8,984 |
| Christmas | 26,003 | (24,133) | 1,870 |
| Carnival | 9,099 | (5,914) | 3,185 |
| 53,495 | (39,456) | 14,039 | |
| TOTAL FUNDS | 63,698 | (49,497) | 14,201 |
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Bonfire Christmas Town Council TOTAL FUNDS |
Net At movement At 22/3/21 in funds 21/3/22 £ £ £ 8,861 (6,869) 1,992 9,500 10,118 19,618 - 2,086 2,086 - 984 984 9,500 13,188 22,688 18,361 6,319 24,680 |
Net At movement At 22/3/21 in funds 21/3/22 £ £ £ 8,861 (6,869) 1,992 9,500 10,118 19,618 - 2,086 2,086 - 984 984 9,500 13,188 22,688 18,361 6,319 24,680 |
|---|---|---|
| 22,688 | ||
| 24,680 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 980 | (7,849) | (6,869) |
| Restricted funds | |||
| Bonfire | 17,582 | (7,464) | 10,118 |
| Christmas | 28,531 | (26,445) | 2,086 |
| Town Council | 984 | - | 984 |
| 47,097 | (33,909) | 13,188 | |
| TOTAL FUNDS | 48,077 | (41,758) | 6,319 |
continued...
Page 7
Alsager Round Table Charitable Trust Fnd
Notes to the Financial Statements - continued for the Year Ended 21 March 2023
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Bonfire Christmas Town Council Carnival TOTAL FUNDS |
Net At movement At 22/3/21 in funds 21/3/23 £ £ £ 8,861 (6,707) 2,154 9,500 19,102 28,602 - 3,956 3,956 - 984 984 - 3,185 3,185 9,500 27,227 36,727 18,361 20,520 38,881 |
Net At movement At 22/3/21 in funds 21/3/23 £ £ £ 8,861 (6,707) 2,154 9,500 19,102 28,602 - 3,956 3,956 - 984 984 - 3,185 3,185 9,500 27,227 36,727 18,361 20,520 38,881 |
|---|---|---|
| 36,727 | ||
| 38,881 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 11,183 | (17,890) | (6,707) |
| Restricted funds | |||
| Bonfire | 35,975 | (16,873) | 19,102 |
| Christmas | 54,534 | (50,578) | 3,956 |
| Town Council | 984 | - | 984 |
| Carnival | 9,099 | (5,914) | 3,185 |
| 100,592 | (73,365) | 27,227 | |
| TOTAL FUNDS | 111,775 | (91,255) | 20,520 |
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 21 March 2023.
Page 8
Alsager Round Table Charitable Trust Fnd
Detailed Statement of Financial Activities for the Year Ended 21 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | (2) | - |
| Donations | 552 | 980 |
| Subscriptions | 7,683 | - |
| 8,233 | 980 | |
| Other trading activities | ||
| Fundraising events | 42,465 | 27,613 |
| Charitable activities | ||
| Grants | 13,000 | 19,484 |
| Total incoming resources | 63,698 | 48,077 |
| EXPENDITURE | ||
| Other trading activities | ||
| Direct Costs | 39,772 | 33,853 |
| Licensing | 921 | - |
| 40,693 | 33,853 | |
| Support costs | ||
| Management | ||
| Fuel | 78 | - |
| Advertising | 30 | 56 |
| Uniform | 147 | - |
| 255 | 56 | |
| Human resources | ||
| Meeting Costs | 3,998 | - |
| Other | ||
| Donations Made | 3,559 | 7,711 |
| Sponsorship | - | 100 |
| 3,559 | 7,811 | |
| Governance costs | ||
| Legal & Professional | 390 | - |
| Accountancy and legal fees | 602 | 38 |
| 992 | 38 | |
| Total resources expended | 49,497 | 41,758 |
| Net income | 14,201 | 6,319 |
This page does not form part of the statutory financial statements
Page 9