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SEDBERGH & DISTRICT-CHARITABLE INCORPORATED ORGANISATION |
Charity Reg. No. 1154336
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INDEPENDENT EXAMINATION REPORT FOR THE YEAR ENDED 31 MARCH 2024 |
Chartered Accountants.
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Independent Examiner's Report to the trustees of Sedbergh & District Charitable Incorporated Organisation
I report to the trustees on my examination of the accounts of the above charity (‘the Trust’) for the year ended 31 March 2024. ,
This report is made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for my examination, for this report, or for the opinions I have formed.
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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”).
| report in respect-of my examination of the Trust’s accounts carried out under section 145 of the 2011 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.
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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 which gives me cause to believe that in, any material respect:
: ‘the accounting records were not kept in accordance with section 130 of the Charities Act; or : the accounts did not accord with the accounting records; or : the accounts did 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.
| heve no concerns and have come across no other matters in connection with the examination to which sceation should be drawn in this report in order to enable a proper understanding of the accounts to be
J] Simon-Norris ACA 4
Jackson & Graham “hartered Accountants 4 Finkle Street Sedbergh —umbria 410 SBZ
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, Sedbergh and_ DistrictRegistered Charitable Charity Incorporated1154336 Organisation ; Annual Report for 1 April 2023 — 31 March 2024
Address 72a Main Street, Sedbergh, Cumbria LA10 5AD
Title: Sedbergh and District Community Trust.
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Trustees as at 31 March 2024 Jim Atkins, Andy Cobb, Frances Haigh, Ann Parratt, Anne Reed Screen, Tony Reed Screen, Myles Ripley . . 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 ofthe 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, ofwhich 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. The principal shop sells clothes and household goods and the other shop is a book shop. —
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.
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Achievements and Performance ; : The charity shops continue to thrive and both improved their income over the previous year although there were some occasions when it was not possible to open them due to shortage of ° volunteers. Recruiting new volunteers continues to be a major challenge and a source of concern as without sufficient volunteers the shops, which are our major source of income, will not flourish. Recruiting volunteers is our highest priority.
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The Grants Committee made awards totalling £22,045.93 to sixteen organisations.
No new projects have been identified and there has still 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 and the Sedbergh Economic Partnership.
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 £77,352.68.
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.
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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
Date 7 Gelfhs. FOL
Charity no. 1154336
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SEDBERGH & DISTRICT CHARITABLE INCORPORATED ORGANISATION
4oopents 1 April 2023— 31 March 2024 .
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|imeeipts|and|Payments|
|Unrestricted|Restricted|Total|2023|
|funds|.|funds|.|
|Receipts|
|Rent|et 72a Main Street and 72 Main Street|7006.62|7006.62|6115.00|
|Charity Shop Takings|;|52909.99|52909.99|48732.92|
|Commission Sales|107.01|107.01|811.21|
|Oster Grants Received|0.00|16500.00|16500.00|15300.00|
|cnher|Income and Donations|:|0.00|0.00|227.23|
|Scent|Returned|829.06|829.06|,|0.00|
|kraine|Donations Received|2|0.00|0.00|577.40|
|Fram Dent History Society|0.00|0.00|3000.00|
|TOTAL RECEIPTS|.|60852.68|16560.00|7735268|74763.76|
|Payments|
|National Non-Domestic|Rates on 72a,|77 and 86 Main|Street|-|782.54|782.54|884.48|
|Rent of 77|and.86 Main Street|8078.00|8078.00|7278.00|
|Water,|Light,|Heat & Power for 72a, 77 and 86 Main Street|6942.95|6942.95|4798.68|
|Upkeep and|Repairs,|72,|72a,|77|and 86 Main|Street|3878.56|;|3878.56|2731.57|
|Buildings Insurance, 72 and 72a Main Street|974.16|974.16|957.40|
|Employers' and Retail|Insurance,|77 and 86 Main|Street|;|425.40|425.40|392.64|
|Late|Night Opening Expenses|0.00|0.00|371.80|
|Shop|Ink, Telephone & Sundries|2404.70|2404.70|1880.27|
|intemet and|Incidentals, CIO|237.60|237.60|170.20|
|Shop|Manager's Wages|15123.34|1512334|13000.08|
|Pension|Costs|711.71|711,71|606.00|
|Bank|and Sum Up Charges|437.68|437.68|163.61|
|Consultancy|0.00|10500.00|10500.00|11048.60|
|4.ccountancyGrants|Made|Via Community Fund|22045.93600.00|22045.93600.00|~|26195.00180.00|
|ent|to|Sedbergh Nursery|0.00|1800.00|1800.00|2500.00|
|TOTAL PAYMENTS|62642.57|12300.00|7494257|73158.33|
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|‘et|amounts on|the period|~1789.89|4200.00|2410.11|1605.43|
|onc2sh funds|at beginning of accounting period|0.00|5000.00|5000.00|$000.00|
|“asi|funds|at beginning of|accounting period|.|51990.42|4296.36|56286.78|54681.35|
|‘“on-cash|funds at year end|0.00|5000.00|5000.00|$000.00|
|Cash|funds|at year end|50200.53|8496.36|58696.89|56286.78|
|TOTAL|FUNDS AT YEAR END|§0200.53|.|13496.36|63696.89|61286.78|
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Charity no. 1154336
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SEDBERGH & DISTRICT CHARITABLE INCORPORATED ORGANISATION
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|Accounts|1|April 2023|—|31 March 2024|
|Assets and|Liabilities|at 31|March 2024|
|Unrestricted|Restricted|Total|2023|
|funds|funds|
|Investment - 5000 shares of£1|in Farfield Mill at cost|.|0.00|5000.00|5000.00|5000.00|
|Cash|in bank and in hand|$0200.53|8496.36|58696.89|56286.78|
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|TOTAL|§0200.53|13496.36|63696.89|61286.78|
|Liabilities|
|Total|0.00|0.00|0.00|0.00|
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|Balance of|assets over liabilities|56200.53|13496.36|63696.89|61286.78|
|Assets|retained|for the CIO own use|Value|
|Freehold of|72 and 72a Main|Street,|Sedbergh|(note|1)|Restricted|85000.00|
|Fixtures and|fittings|at 72 and 72a Main Street|Unrestricted|10000.00|
|Including fire alarm and master/slave|clock system|;|
|Stock at charity shops (note 2)|0.00|
|Note|1: The value of72 and 72a Main Street|is|set at £85,000, the purchase|price, and|is not being depreciated|as there exists|
|2|valuation of the building|at £150,000|a|
|Note 2:|The stock at the charity shops|is valued at zero because all ofthe stock was donated|and because income can only be|
|~=2lised|from the stock due to the establishment of|the shops, the time and expertise|ofvolunteers and mananger, and so on.|
|Sock not sold|in the shops|is passed on to other charities or thrown away.|
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SEDBERGH & DISTRICT CHARITABLE INCORPORATED ORGANISATION ; ANALYSIS OF FUNDS FOR THE YEAR ENDED 31ST MARCH 2024
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|B/F|Income|Transfer|Expenditure|Transfer|C/F|
|In|Out|
|Unrestricted|.|
|Bank and Cash|27476.88|60852.68|0.00|40596.64|7000.00|40732.92|
|Designated|.|
|Community Fund|24513.54|0.00|7000.00|22045.93|0.00|9467.61|
|Restricted|Funds|
|J Golton/SEP Co-Ordinator|2496.36|16500.00|0.00|10500.00|0.00|8496.36|_|
|Sedbergh Nursery|1800.00|0.00|0.00|1800.00|0.00|0.00|
|4296.36|16500.00|0.00|12300.00|0.00|8496.36|
|TOTAL FUNDS|56286.78|77352.68|7000.00|7494257|7000.00|58696.89|
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