SEDBERGH & DISTRICT CHARITABLE INCORPORATED ORGANISATION
Charity Reg. No. 1154336
INDEPENDENT EXAMINATION REPORT FOR THE YEAR ENDED 31 MARCH 2025
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 2025.
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 | am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I 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.
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 ofmy 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.
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.
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.
J Simon-Norris ACA
Jackson & Graham Chartered Accountants 4 Finkle Street Sedbergh Cumbria LA10 5BZ
Date: 2 | lof Vers
Sedbergh and District Charitable Incorporated Organisation
Registered Charity 1154336
Annual Report for 1 April 2024 — 31 March 2025
Address 72a Main Street, Sedbergh, Cumbria LA10 SAD
Title: Sedbergh and District Community Trust.
Trustees as at 31 March 2025 Jim Atkins, Andy Cobb, Frances Haigh, Ann Parratt, Anne Reed Screen, Tony Reed Screen, Myles Ripley, and Paul Thomas.
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. 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.
Achievements and Performance
The charity shops continue to thrive but their income was less than the previous year due to a combination of more occasions when it was not possible to open them due to shortage of volunteers and less donations. 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 £19,563.00 to fourteen 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.
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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 £66,340.67.
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.
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A J Reed Screen
Date is' bensRh» Qoa LS
Chair of Sedbergh Community Trust
SEDBERGH & DISTRICT CHARITABLE INCORPORATED ORGANISATION
Charity no. 1154336
Accounts 1 April 2024 — 31 March 2025
Receipts and Payments
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|2024|
|funds|funds|
|Receipts|
|Rent|at|72a|Main|Street|and|72|Main|Street|7,989.00|7,989.00|7,006.62|
|Charity|Shop|Takings|48,346.99|48,346.99|52,909.99|
|Commission|Sales|-|-|107.01|
|Other|Grants|Received|-|3,500.00|3,500.00|16,500.00|
|Other Income|and Donations|518.58|518.58|-|
|Grant|Returned|5,000.00|5,000.00|829.06|
|Rates|Refund|2023/24|782.54|782.54|-|
|Interest|Received|203.56|203.56|-|
|TOTAL RECEIPTS|62,840.67|3,500.00|66,340.67|77,352.68|
|Payments|
|National|Non-Domestic|Rates|on|72a,|77|and|86|Main|Street|-|-|782.54|
|Rent of 77|and|86 Main|Street|8,478.00|8,478.00|8,078.00|
|Water,|Light,|Heat & Power|for|72a,|77|and|86 Main|Street|6,130.19|6,130.19|6,942.95|
|Upkeep|and Repairs,|72,|72a,|77|and|86 Main|Street|3,193.93|3,193.93|3,878.56|
|Buildings|Insurance,|72|and|72a Main|Street|1,002.97|1,002.97|974.16|
|Employers'|and Retail|Insurance,|77|and|86 Main|Street|453.44|453.44|425.40|
|Shop|Ink,|Telephone &|Sundries|1,644.71|1,644.71|2,404.70|
|Internet|and|Sundries,|CIO|581.60|581.60|237.60|
|Shop Manager's Wages|17,550.00|17,550.00|15,123.34|
|Pension|Costs|843.36|843.36|711.71|
|Bank|and Sum Up|Charges|636.68|636.68|437.68|
|Consultancy|-|8,300.00|8,300.00|10,500.00|
|Accountancy|600.00|600.00|600.00|
|Community Trust|Grants Made|19,563.00|19,563.00|22,045.93|
|Grant|to|Sedbergh Nursery|-|-|1,800.00|
|TOTAL PAYMENTS|60,677.88|8,300.00|68,977.88|74,942.57|
|Net amounts|in|the|period|2,162.79|-|4,800.00|-|2,637.21|2,410.11|
|Non-cash|funds|at beginning|of accounting|period|-|5,000.00|5,000.00|5,000.00|
|Cash|funds|at beginning|of accounting period|50,200.53|8,496.36|58,696.89|56,286.78|
|Non-cash|funds|at year end|-|5,000.00|5,000.00|5,000.00|
|Cash funds|at year end|52,363.32|3,696.36|56,059.68|58,696.89|
|TOTAL FUNDS AT YEAR END|52,363.32|8,696.36|61,059.68|63,696.89|
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SEDBERGH & DISTRICT CHARITABLE INCORPORATED ORGANISATION Accounts 1 April 2024 — 31 March 2025
Charity no. 1154336
| Accounts 1 April 2024 — 31— 3131 March 2025 | ||||
|---|---|---|---|---|
| Assets and Liabilities at31 March 2025 | ||||
| Unrestricted | Restricted | Total | 2024 | |
| funds | funds | |||
| Investment - 5000 shares of £1 in Farfield Mill at cost | - | 5,000.00 | 5,000.00 | 5,000.00 |
| Cash inbank and inhand | $2,363.32 | 3,696.36 | 56,059.68 | 58,696.89 |
| TOTAL | §2,363.32 | 8,696.36 | 61,059.68 | 63,696.89 |
| Liabilities | ||||
| Total | - | “ | = | ” |
| Balance ofassets over liabilities | 52,363.32 | 8,696.36 | 61,059.68 | 63,696.89 |
| Assets retained for the CIO own use | Value | |||
| Freeholdof 72 and 72aMain Street, Sedbergh (note 1) | Restricted | 85,000.00 | ||
| Fixtures and fittings at 72 and 72aMain Street | Unrestricted | 10,000.00 | ||
| Including fire alarmand master/slave clock system | ||||
| Stockatcharityshops(note2) | - |
Note 1: The value of 72 and 72a Main Street is set at £85,000, the purchase price, and is not being depreciated as there exists a valuation of[the][building][at][£150,000]
Note 2: The stock at the charity shops is valued at zero because all of the stock was donated and because income can only be realised from the stock due to the establishment of the shops, the time and expertise of volunteers and mananger, and so on. Stock 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 2025
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|---|---|---|---|---|---|---|---|---|
|B/F|Income|Transfer|Expenditure|Transfer|C/F|
|In|Out|
|Unrestricted|
|Bank|and|Cash|40,732.92|62,840.67|3,054.61|54,264.88|-|52,363.32|
|Designated|
|Community Fund|9,467.61|-|-|6,413.00|3,054.61|-|
|Restricted|Funds|
|J Golton/SEP|Co-Ordinator|8,496.36|3,500.00|-|8,300.00|-|3,696.36|
|TOTAL FUNDS|58,696.89|66,340.67|3,054.61|68,977.88|3,054.61|56,059.68|
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