SEDBERGH & DISTRICT CHARITABLE INCORPORATED ORGANISATION ALSO KNOWN AS THE SEDBERGH & DISTRICT COMMUNITY TRUST REGISTERED CHARITY 1154336
Trustees Annual Report
and
Accounts
for the year to 31 March 2021
CONTENTS
Governing document ................................................................................... 2 Administrative information ......................................................................... 2 Report of Trustees ....................................................................................... 3 Independent Examiner’s report ................................................................... 5
SEDBERGH & DISTRICT CHARITABLE INCORPORATED ORGANISATION
ALSO KNOWN AS THE SEDBERGH & DISTRICT COMMUNITY TRUST REGISTERED CHARITY 1154336
GOVERNING DOCUMENT
The Sedbergh Community Trust is a Charitable Incorporated Organisation governed by a Constitution dated 21 October 2013 and registered as a Charity.
The management of the CIO is vested in the Trustees, who are elected by the Members of the Trust at the AGM. Trustees serve for three years. Each year one third of the Trustees resign, but may offer themselves for re-election at the AGM.
Vacancies and casual vacancies are filled by appointment of the Trustees and serve until the next AGM. Non trustees may be co-opted as required.
The Trustees meet bimonthly as necessary.
ADMINISTRATIVE INFORMATION
Principal Address
72a Main Street, Sedbergh, LA10 5AD
Address for written communication
Dr Gina Barney, Knott House, Cautley, Sedbergh, LA10 5LU.
Bankers
Barclays, Kendal Branch, 9 Highgate, Kendal, Cumbria, LA9 4DA NatWest, Kirkby Lonsdale Branch, 55 Main St, Kirkby Lonsdale, Carnforth, LA6 2WY
Solicitors
Thomson Hayton Winkley, 114-116 Stricklandgate, Kendal, LA9 4QA
Independent Examiner
Jackson and Graham, 4 Finkle Street, Sedbergh, LA10 5BZ
Sedbergh and District Charitable Incorporated Organisation
Registered Charity 1154336
Annual Report for 1 April 2020 – 31 March 2021
Address 72a Main Street, Sedbergh, Cumbria LA10 5AD
Title: Sedbergh and District Community Trust.
Trustees as at 31 March 2021 Jim Atkins, Gina Barney, Andy Cobb, Rebecca Gilbert, Stuart Manger, Ann Parratt, Anne Reed Screen, Tony Reed Screen, Myles Ripley, Faye Waters,
Trust Structure and how it is managed
The Trust is responsible for the usage and maintenance of 72 Main Street which it owns and leases to various organisations, and the management of two charity shops which are the principal source of income. Profits from the charity shops are disbursed through grants to charitable causes. In addition, the Trust is involved in projects for the benefit of the community. The trustees sit on five sub groups:
Projects which initiate and develop projects for the benefit of the community.
Building which is responsible for the care of the building and awarding leases.
Finance led by the Honorary Treasurer which is responsible for payments and receipts, accounts and fundraising.
Grants Sub-Committee together with representatives from the community is responsible for awarding grants to charitable causes.
Charity Shops oversees the management and efficient running of the charity shops.
Trustees, of which there is a maximum of twelve, have been recruited by personal invitation and advertisement in the local monthly magazine “Lookaround”
Objectives and Activities
The Objectives of the Trust are:
To maintain two charity shops to raise funds for disbursement to charitable causes in Sedbergh and District.
To maintain the premises at 72 Main Street and ensure that they are used for the benefit of the community.
To identify and bring into being projects which will benefit the community.
Achievements and Performance
It has been a difficult year managing closures during Lockdown and then introducing measures to ensure the safety of staff and customers in the charity shops and the premises at 72 Main Street. After the first Lockdown regaining momentum in the charity shops was very difficult as both volunteers and customers were very cautious. By the time we had found our feet and the income from the shops was beginning to match that of previous periods the
second Lockdown was upon us. Government support grants and a drastic reduction in grants made to deserving causes; £11,200 to six organisations contrasting with the record sum of £30,155 to twenty-one organisations in the previous year have kept the Charity financially viable.
No new projects have been identified this year and there has been no progress on the provision of a pump track as we wait to see whether other developments will enable a suitable site to become available.
The Trust continues to be actively involved with the Parish Council, the Chamber of Trade and Business and the Sedbergh Economic Partnership, previously known as the Forum.
We continue to maintain close contact with the Community Orchard Group, Sedbergh Dementia Group and Sedbergh First Responders.
Financial Review including Reserves Policy
Total receipts during this reporting period were £56,354.50.
The Trustees agreed a Reserves Policy based upon the ability to cover three months running costs.
Risk Management
The major risks to which the Trust is exposed, as identified by the trustees, have been reviewed and systems have been established to mitigate those risks.
Public Benefit
The trustees have complied with their duty to have due regard to the Charity Commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant.
Declaration
I declare, in my capacity of charity trustee, that the trustees have approved the report and have authorised me to sign it on their behalf.
A J Reed Screen
Chair of Sedbergh Community Trust
Approved at the AGM held on 11 October 2021
| SEDBERGH& DISTRICT CHARITABLEINCORPORATE Accounts1April2020-31March2021 Receiptsand Payments |
D ORGANISATIO | N | Charit | v no.1154336 |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | 2020 | |
| funds | funds |
|||
| Receipts | ||||
| GrantsReturned | 0.00 | 500.00 | 500.00 | 0.00 |
| Rent of roomsat72aMdnStreet and premises at 72MainSt | 5570.00 | s570.00 | 7189.06 | |
| Charityshoptakings | 16641.59 | 1664r.59 | 49159.s0 | |
| PAYERefund | 0.00 | 0.00 | 644.99 | |
| CovidGrantsReceived | 33617.21 | 336t1.2r | 1027.33 | |
| BookSales | 25.70 | 25;t0 | 0.00 | |
| TOTALRECEIPTS | 55854.50 | 500.00 | 56354.50 | 58620.88 |
| Payments | ||||
| National non-domesticrates on72a,77and 86MainStreet | 604.t6 | 604.t6 | 962.64 | |
| Rentof77and 86MainStreet | 6840.00 | 6840.00 | 7140.00 | |
| Utilities for72a,7'7and 86MainStreet | 5380.06 | 5380.06 | 4929.16 | |
| Upkeep, repairsand sundries,72,12a,77and 86MainStreet | 3971.71 | 3917.71 | 3844.32 | |
| Buildinginsurance, 72and72aMainStreet | 289.00 | 289.00 | 269.00 | |
| Employers'andretailinsurance,77and 86MainStreet | 589.00 | 589.00 | 845.19 | |
| Shopink,sundries | 197.80 | 197.80 | 632.89 | |
| Sundries andincidentals,CIO | 45.00 | 45.00 | 175.00 | |
| Shops manager's wages | 10897.08 | 10897.08 | 10269.98 | |
| Pension Costs | 327.60 | 327.60 | 321.60 | |
| ProfessionalFees | 966.00 | 966.00 | 0.00 | |
| Account examination,CIO | 564.00 | 564.00 | 540.00 | |
| Grantsvia Community Fund | 6200.00 | 6200.00 | 3015s.00 | |
| Othergrantsmade | 5000.00 | 5000.00 | 1250.00 | |
| TOTALPAYMENTS | 35677.41 | 6200.00 | 41877.4t | 61341.38 |
| Net amountson theperiod | 20177.09 | -5700.00 | 14477.09 | -2720.50 |
| Transfersbetween funds | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-cashfundsatbeginningofaccounting period | 0.0d | 5000.00 | 5000.00 | 5000.00 |
| Cashfundsatbeginningofaccounting period | 27141.16 | 7506.60 | 34648.36 | 37368.86 |
| Non-cashfundsatyearend | 0.00 | 5000.00 | 5000.00 | 5000.00 |
| Cashfundsatyearend | 47318.85 | 1806.60 | 49125.45 | 34648.36 |
| TOTALFUNDSATYEAR END | 47318.85 | 6806.60 | 54125.45 | 39648.36 |
| SEDBERGH&DISTRICTCHARITABLEINCORPORA Accounts1April2020*3lMarch2021 AssetsandLiabilitiesat31March2021 |
TEDORGANISATION | Charityn | o.1154336 |
|---|---|---|---|
| UnrestrictedRestricted | Total | 2020 | |
| funds funds |
|||
| Investment - 5000sharesoff1inFarfieldMillatcost | 0.00 5000.00 |
5000.00 | 5000.00 |
| Cashinbank andinhand | 47318.851806.60 | 49125.45 | 34648.36 |
| TOTAL | 47318.856806.60 | 54125.45 | 39648.36 |
| Liabilities | |||
| Total | 0.00 0.00 |
0.00 | 0.00 |
| Balanceofassetsoverliabilities | 47318.856806.60 | 54t25.45 | 39648.36 |
| AssetsretainedfortheCIOownuse | Value | ||
| Freeholdof72and72aMainStreet, Sedbergh(note1) | Restricted 85000.00 |
||
| Fixturesandfittingsat72and72aMainStreet | Unrestricted10000.00 | ||
| Includingfirealarmand master/slaveclocksystem | |||
| Stockatcharityshops (note 2) | 0.00 |