## **DESBOROUGH CORNERSTONE TRUST** ## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2020 TO 31 MARCH 2021** The trustees present their report with the financial statements of the charity for the period 1[ST] April 2020 to 31[st] March 2021. ## **Registered Charity number** 1155716 ## **Registered office** Revive Coffee Shop, Havelock Street, Desborough, Northamptonshire NN14 ## **Independent Examiner** Bill Featherstone, 114 Dunkirk Avenue, Desborough, Northamptonshire NN1q4 2PN ## **Bankers** Barclays Bank PLC, Kettering, Northamptonshire NN14 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, date 3[rd] February 2014 ## **Recruitment and appointment of new trustees** At the present time suitable new trustees, with the requisite skill set within the community and in the membership of the four churches of the Town have yet to be identified. ## **Induction and training of new trustees** New trustees will be given appropriate one-to-one induction with the chairman of the Management Committee and a trustee. They will be provided with copies of the trust deed, and copies of all policies and instructional documents. . ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Suitable controls relating to the finance and administration of the trust have been introduced based on a wide experience of charity finance and administration amongst the trustees. All necessary and statutory catering, health and safety, employment and public liability controls have been documented, and the associated risks assessed, and monitored. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims for the Public Benefit** To further or benefit the residents of Desborough, Northamptonshire and the neighbourhood, within a Christian ethos and without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents. ## **Grant making** The trust is not a grant making body ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The Revive Coffee Shop continues to flourish, together with the Revive Extra facility providing a meeting space for the Desborough Community, and is recognised as a major asset to the Town. ## **DESBOROUGH CORNERSTONE TRUST** ## **REPORT OF THE TRUSTEES FOR THE PERIOD 1[st] APRIL 2020 TO 31[st] MARCH 2021** ## **FINANCIAL REVIEW** ## **Reserves policy** To cover possible statutory and legal obligations, and to finance replacement of major items of equipment, a Repairs reserve amounting to one quarter of annual turnover is being built up by instalments. ## **Trustees’ investment powers** The trust has no plans to hold investments of any kind ## **PLANS FOR FUTURE PERIODS** To continue and expand on the existing work of the trust ## **Trustees** W P Featherstone - appointed 3.10.2014 B Humfrey - appointed 3.10.2014 E Jowitt - resigned 26.4.2021 M O P Mills-Powell - resigned 26.4.2021 J W Sharman - resigned 26.4.2021 Philip Staves appointed 36.4.2021 Andrew Farrington appointed 36.4.2021 **DESBOROUGH CORNERSTONE TRUST** **REPORT OF THE TRUSTEES FOR THE PERIOD 1[st] APRIL 2020 TO 31[st] MARCH 2021** ## **DESBOROUGH CORNERSTONE TRUST** **REPORT OF THE TRUSTEES FOR THE PERIOD 1[st] APRIL 2020 TO 31[st] MARCH 2021** ## **Independent Examiner’s Report on the Accounts** ## **Report to the Trustees of the Desborough Cornerstone Trust** On the accounts for the year ending 31st March 2021 Set out in the Receipts and Payments account and associated notes for that period. ## **Responsibility of the Examiner** It is my responsibility to:- - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145 (5) b of the Act) and - to state whether particular matters have come to my attention. ## **Basis of my report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you, as Trustees, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts, and the report is limited to those matters set out in the statement below. ## **Statement by the Independent Examiner** In connection with my examination no matter has come to my attention:- - I. which gives me reasonable cause to believe that in any material respect the requirements have not been met - that is to keep accounting records in accordance with section 130 of the Charities Act and to prepare account in accordance with those records, and comply with the accounting requirements of the Act - or - II. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached William Featherstone, F.R.S.A., A.C.I.B.. 3[rd] October 2021 114 Dunkirk Avenue Desborough NN14 2PN