Charity No: 1154026
THE CHRISTOPHER ROBINS CHARITABLE TRUST
Trustees Report and Unaudited Accounts
For The Year Ended
13 June 2021
Charity No: 1154026
THE CHRISTOPHER ROBINS CHARITABLE TRUST
Trustees' Report and Unaudited Accounts
For The Year Ended 13 June 2021
THE CHRISTOPHER ROBINS CHARITABLE TRUST
CONTENTS
| Reference and Administrative Information | 1 |
|---|---|
| Report of the Trustees | 2 – 3 |
| Independent Examiners Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Accounting Policies | 7 – 8 |
| Notes to the Accounts | 9 - 12 |
THE CHRISTOPHER ROBINS CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE INFORMATION
(Registered Charity Number: 1154026)
Trustees
Principal Address
Independent Examiner
N Livock T Short J Short 10 Main Street Kirkby Lonsdale Carnforth Lancashire LA6 2AG Colin Johnson MHA Moore and Smalley Chartered Accountants Kendal House Murley Moss Business Village Kendal Cumbria LA9 7RL
Page 1
THE CHRISTOPHER ROBINS CHARITABLE TRUST
REPORT OF THE TRUSTEES
The Trustees present their report and the financial statements of the charity for the year ended 13 June 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Trust’s governing document, the Charities Act 2011 and 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 published in October 2019.
Objectives and Activities
The charity was set up for the public benefit and to further such purposes as are exclusively charitable in accordance with the Laws of England and Wales in the Parish of Kirkby Lonsdale and the surrounding Parishes as the Trustees may from time to time decide.
The Trustees have had due regard to the guidance published by the Charity Commission on Public Benefit.
Achievements and Performance
The seventh year of the Trust has been very difficult, but we feel we have been receptive to requests for grants and keen to help where possible. In general we have had less frequent requests for grants and sometimes those offered have had to be cancelled due to the difficult circumstances and events not taking place.
Among recipients of grants in this financial year were £4,800 towards a new zebra crossing, which has been well received, £500 towards books specifically targeted with those suffering from dyslexia, £2,500 towards another film by John Hamlett depicting Kirkby Lonsdale in past times. We also gave some help towards other charities that normally raise their monies by fundraising and cannot do so due to the pandemic.
We helped in some form all the properties that we own, putting in new carpet in one shop and repainting another, extending the heating in the flats as tenants were at home rather than working.
Plans for the future.
The Trust plans to get more involved with environmental matters in the community, complaints have been voiced about pollution from vehicles and the senseless leaving of engines running when parked. We have tried in the past year to get SLDC involved but they have shown no interest. The Trust also plans to attempt to protect the common areas of Kirkby Lonsdale which we feel are under threat from vested interests.
Financial Review
Reserves Policy – the running costs of the charity are relatively low and therefore only a minimal reserve is required. It is the Trust’s aim to have a reserve to cover 6 months running costs. At the year end the reserves are in line with the policy. The free reserves at 13 June 2021 was £3,901 (2020: £110,542).
Investment Policy – under the trust Deed the Trustees have the power to make any investment which they see fit in furtherance of the Trust’s aims and objectives. It is the Trustees’ aim to invest 20% of the income every year, whether through property, investment portfolio or cash deposits. This will help to provide additional income to give as grants and meet the Charity’s objectives. Programme related investments are also considered if they meet the Trusts objectives. The trustees are aware of the anticipated costs regarding climate change legislation for rental properties and are therefore reserving funds to cover this over the next few years.
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THE CHRISTOPHER ROBINS CHARITABLE TRUST
REPORT OF THE TRUSTEES (CONTINUED)
Structure, Governance and Management
The charity was established by a charitable trust deed on 25 March 2011 by Christopher Robins to be the main beneficiary of his estate upon death. Christopher Robins died on the 25 August 2012.
The Trustees who served during the year were:
J Short N Livock T Short
The Trustees are appointed by the Board of Trustees and serve until they resign or retire. The Trustees ensure that new Trustees have the necessary skills to contribute to the Charity’s management and development.
The Trustees meet regularly to discuss the general running of the charity, the financial position and any grant requests that have been made.
The Trustees have identified the major risks to which the charity is exposed. Those risks have been reviewed and systems established to mitigate them. In keeping under review the Trust’s activities, Trustees are mindful of the potential for any changes to the present range of risks and will adjust systems when and where required.
Trustees’ responsibilities
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP 2015 (FRS 102);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
23/09/2021
Signed on behalf of the Board of Trustees on …………
J Short Trustee
Page 3
THE CHRISTOPHER ROBINS CHARITABLE TRUST
INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF THE CHRISTOPHER ROBINS CHARITABLE TRUST
I report to the charity trustees on my examination of the accounts of the charity for the year ended 13 June 2021 which are set out on pages 6 to 12.
Responsibilities and basis of report
As the charity’s trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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
Colin Johnson FCCA MHA Moore and Smalley Kendal House Murley Moss Business Village Oxenholme Road Kendal Cumbria LA9 7RL
28/09/2021 Dated:
Page 4
THE CHRISTOPHER ROBINS CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 13 JUNE 2021
| Note Income and endowments from: Investments 1 Total income and endowments Expenditure on: Charitable activities: Grants payable 3 Other costs 2 Total expenditure Net income Gains/ (Losses) on investment assets 6 Net movement in funds Reconciliation of funds: Total funds balance brought forward Total funds balance carried forward |
2021 £ 115,076 115,076 31,319 23,813 55,132 59,944 122,777 182,721 1,701,917 1,884,638 |
2020 £ 101,380 |
|---|---|---|
| 101,380 | ||
| 30,812 23,562 |
||
| 54,374 | ||
| 47,006 (6,318) |
||
| 40,688 | ||
| 1,661,229 | ||
| 1,701,917 |
Page 5
THE CHRISTOPHER ROBINS CHARITABLE TRUST BALANCE SHEET FOR THE YEAR ENDED 13 JUNE 2021
| 2021 Note £ £ £ Fixed assets Investments 4 2,131,500 Current assets Debtors 5 200 275 Cash at bank and in hand 22,967 128,813 23,167 129,088 Creditors:amounts falling due within one year 7 (19,266) (18,546) Net current assets 3,901 Creditors:amounts falling due (250,763) after more than one year 8 Net assets 1,884,638 Funds of the charity: Balance brought forward 1,701,917 Surplus for the year 182,721 Unrestricted Funds 1,884,638 These accounts were approved by the Trustees on …………………….and signed on their behalf. ………………………………………….. J Short – Trustee ………………………………………….. ……………………………………….. T Short – Trustee N Livock - Trustee 23/09/2021 |
£ 200 **22,967 ** |
2021 £ 2,131,500 3,901 (250,763) |
£ 275 128,813 |
2020 £ 1,858,723 110,042 (267,348) |
|---|---|---|---|---|
| 23,167 (19,266) |
129,088 (18,546) |
|||
| 1,884,638 | 1,701,417 | |||
| 1,701,917 182,721 |
1,661,229 40,688 |
|||
| 1,884,638 | 1,701,917 | |||
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THE CHRISTOPHER ROBINS CHARITABLE TRUST
ACCOUNTING POLICIES FOR THE YEAR ENDED 13 JUNE 2021
Basis of accounting
The financial statements have been prepared in accordance with 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) issued in October 2019, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
Christopher Robins Charitable Trust meets the definition of a public entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Income and endowments
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income, it is probable it will be received and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
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a) Voluntary income is received by way of grants, donations, legacies and gifts and is included in full in the Statement of Financial Activities. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
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b) Donated services and facilities are included at value to the charity where this can be quantified. No amounts are included in the financial statements for services donated by volunteers.
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c) Investment income is included when receivable.
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d) If income is received but the related performance does not take place until a further accounting year the income will be deferred to that accounting year.
Expenditure
All expenditure is accounted for on an accruals basis inclusive of any VAT which cannot be recovered and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with use of the resources.
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a) Costs for generating voluntary income are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
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b) Charitable activity expenditure comprises those costs incurred by the charity in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant requests are made to The Christopher Robins Charitable Trust and a decision is made by the Trustees as to whether the grant should be made and the amount of such grants.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
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THE CHRISTOPHER ROBINS CHARITABLE TRUST ACCOUNTING POLICIES (CONTINUED) FOR THE YEAR ENDED 13 JUNE 2021
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.
Investments
Investment income represents rentals received from the investment properties, interest earned on the loan investment and programme related investment and from the investment of temporary surplus funds placed on deposit, from dividends received on the investments held within the investment portfolio, and are included in the accounts when receivable.
Investment properties - are stated at market value at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.
Equity investments – are stated at market value at the balance sheet date with any gain or loss on revaluation or disposal being recognised in the statement of financial activities in the year.
Investment loans and programme related investments – are stated at cost. Programme related investments are those investments that have been made to pursue the Charity’s objectives and not purely for their investment return.
Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
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THE CHRISTOPHER ROBINS CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 13 JUNE 2021
| 1 2 3 |
1 2 3 |
Income from Investments Rental income Loan interest receivable Bank interest receivable Expenditure Charitable activities Grants payable (note 3) Other costs: Costs in relation to rental properties Loan interest Other costs Accountancy fees Total other costs Total expenditure Grants payable |
2021 2020 £ £ 88,127 85,915 26,906 15,423 43 42 |
2021 2020 £ £ 88,127 85,915 26,906 15,423 43 42 |
||
|---|---|---|---|---|---|---|
| 115,076 101,380 |
||||||
| 2021 2020 £ £ 31,319 30,812 |
||||||
| 9,588 8,610 10,259 12,036 1,044 360 2,922 2,556 |
||||||
| 23,813 23,562 |
||||||
| 55,132 54,374 |
||||||
| 2021 | 2020 | |||||
| £ | £ | |||||
| Grants payable to individuals | ||||||
| Jody Tomlinson | 400 | - | ||||
| George Collins | 500 | - | ||||
| Nancy Heels | 500 | - | ||||
| Henry Brooks JoannaZahler for Mia |
750 85 |
- 461 |
||||
| M. Brooks Azerley Heeks D.HCatering |
- - - |
500 2,000 1,000 |
||||
| Phillip Sharatt Helen Howard |
- - |
2,000 2,000 |
||||
| Maisie Gough Faith Kendrick Kim Bradshaw |
- - - |
1,000 100 2,000 |
||||
| 2,235 11,061 |
||||||
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THE CHRISTOPHER ROBINS CHARITABLE TRUST
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 13 JUNE 2021
3 Grants payable continued
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Grants payable to institutions | |||
| Cricket Club | 1,320 | - | |
| Lunesdale Hall Arkholme School Bell Menswear St Marys PC Queen Elizabeth School – Learning trust River Walk repairs Kirkby Lonsdale Football Club Kirkby Lonsdale Town Council Craven Judo Book Lounge Quaker walk book John Hamlett Film Bay Buddies – Headway Play Council Zebra Crossing Gardening Association E Commerce Website Sure Screens (Covid-19 Tests) Bench at Ruskin’s view Radon levels – detectors Radon levels – Solicitor Gressingham Trust St Mary’s Playground Fairoaks Rachel Keller’s ‘Making a difference’ Path repair by riverbed in Kirkby Lonsdale Alleyway at 18 Market Street Headway – Brain Injuries Fairbank Society |
3,000 | - | |
| 2,000 - 1,500 - 1,000 - 1,000 - 50 - 3,000 - 300 - 1,500 - 500 500 2,500 - - - 3,000 - 1,000 4,800 - - 200 - 1,001 255 913 874 - 491 - - 159 540 - - - - - - - - - 2,000 4,200 500 500 1,640 6,092 2,000 500 |
|||
| 29,084 19,751 |
|||
| Total grants payable | 31,319 30,812 |
||
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THE CHRISTOPHER ROBINS CHARITABLE TRUST
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 13 JUNE 2021
4 Fixed assets and investments
| Brought forward Additions Revaluation Repayments Disposal Cost & market Value at 13 June 21 |
Investment properties Investment loan Programme related investment Total 2021 Total 2020 £ £ £ £ £ 1,292,223 549,500 17,000 1,858,723 2,029,223 - 150,000 - 150,000 269,500 122,777 - - 122,777 - - - - - (90,000) - - - - (350,000) |
|---|---|
| 1,415,000 699,500 17,000 2,131,500 1,858,723 |
On historical cost basis the Investment properties would be valued at £1,208,037 (2020: £1,208,037).
The charity’s Investment properties were last valued on 28 September 2020 at £1,415,000 by Hackney and Leigh Limited, independent valuers who are not connected with the charity on the basis of market value of the properties.
The investment loans represent loans provided for the purchase of freehold property and are secured upon said properties. The term of the £370,000 loan has been renegotiated and is now a rolling loan provided on an interest only basis of 3.5%. The loan of £269,500 is provided on an interest only basis of 4.4%. In the year ended 2021 a loan of £150,000 was provided on an interest only basis of 3.65%.
The programme related investment is a loan given to a local business to help with the purchase of land in the community to assist their business and is secured upon said land. The loan is provided on an interest only basis at 5% fixed. There is no set term for the repayment of the loan, and this will be reviewed periodically.
5 Debtors
| Other debtors 6 Current asset Investments Analysis of investment gains / (losses) Unrealised – Revaluation gain on investment properties Realised – (loss) / gain on sale of investment properties |
2021 2020 £ £ 200 275 2021 2020 £ £ 122,777 - - (6,318) |
|---|---|
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THE CHRISTOPHER ROBINS CHARITABLE TRUST
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 13 JUNE 2021
7 Creditors – amounts falling due within one year
| Accruals Bank loans and overdrafts reditors – amounts falling due after more than one year Bank loans and overdrafts Analysis of loans Wholly repayable within 5 years: By Instalments Other than by instalments Included in current liabilities |
2021 £ 2,682 16,584 |
2020 £ 2,556 15,990 |
|
|---|---|---|---|
| 19,266 | 18,546 | ||
| 2021 2020 £ £ 250,763 267,348 |
|||
| 50,024 66,015 217,323 217,323 (16,584) (15,990) |
|||
| 250,763 267,348 |
8 Creditors – amounts falling due after more than one year
9 Taxation
As a charity, The Christopher Robins Charitable Trust is exempt from tax on income and gains falling within sections 472-474 of the Corporation Tax Act 2010, sections 478 - 489 of the Corporation Tax Act 2010, or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
10 Trustees
During the current and previous year, no remuneration was paid to trustees and no trustees were reimbursed for any expenses.
11 Employees
There were no employees during the current or previous year.
12 Control
No single individual has had control of the charity in the current or previous year.
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