CHARITY REGISTRATION NUMBER: 1156609 COMPANY REGISTRATION NUMBER: CE000893 

Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

## Unaudited Financial Statements 



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Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

Financial Statements Year ended 5 April 2021 

||Page|
|---|---|
|Trustees' annual report|4|
|Statement of financial activities|5|
|Statement of financial position|6|
|Notes to the financial statements|7|
|The following pages do not form part of the financial statements.||
|Cash flow statement||
|Detailed statement of financial activities||



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## Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

Trustees’ Annual Report Year ended 5 April 2021 

The Trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2021 

Reference and administrative details 

## **Registered Charity Name:** 

Friends of The Mount Marston and Keyford Charitable Incorporated Organisation 

## **Charity Registration Number:** 

115660 

## **Company Registration Number:** 

CE000893 

## **Principal Office:** 

The Log Cabin, Feltham Lane, Frome, Somerset BA11 5AJ 

## **The Trustees** 

C Newport J Slater S Ward 

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## Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

Trustees’ Annual Report Year ended 5 April 2021 

## **Trustees Annual Report** 

## Structure, Governance and Management: 

During the financial year 2019/20 the charity faced unprecedented impact on our activities, as did all organisations nationally due to the Covid-19 pandemic. During this time our activities were minimal and there were no changes in governance. 

## Objectives and Activities: 

2020/21 was the Charities fifth year of operation and while our community based programs were reduced due to the nature of lockdowns and social distancing, we were however able to progress with the long standing plans to develop and improve the community log cabin when national restrictions allowed work to happen. 

NMC2 Ltd continued as Project Managers, overseeing various sub-contractors to ensure the completion of the cabin refurbishments. 

Due to the issues facing our community, we voted to expand the remit of the work and incur a further cost which allowed us to build an onsite community larder that is looked after by a group of volunteers. The aim of this group and the larder was to redirect unsold produce from local supermarkets into our community, many of whom were facing food poverty as schools were closed. 

Once national and local lockdowns were completed we were able to resume some community based activities such as our now weekly Play Rangers group and a socially distanced and safe, trick or treating event at the community garden. 

The Trustees’ annual report was approved on 04/02/21 and signed on behalf of the board of trustees by: 

……………………………… Trustee. 

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## Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

Statement of Financial Activities Year ended 5 April 2021 

|Note<br>Income and Endowments<br>Donation<br>Charitable Activities<br>4<br>Investments<br>**Total Income**<br>Expenditure<br>Expenditure on charitable activities<br>5<br>Governance (Accounting, Utilities)<br>Building Renovation<br>**Total Expenditure**<br>Net (expenditure)<br>income and net movement in funds<br>Reconciliation of funds<br>Total funds brought forward<br>Total funds carried forward|Unrestricted<br>funds<br>£<br>0<br>0<br>0<br>216<br>**216**<br>335<br>429<br>0<br>**764**<br>-548<br>10307<br>9972|2021<br>Restricted<br>funds<br>£<br>0<br>0<br>0<br>0<br>**0**<br>0<br>0<br>10000<br>**10000**<br>-10000<br>46854<br>36854|Total<br>funds<br>£<br>0<br>0<br>0<br>216<br>**216**<br>50<br>429<br>10000<br>**10479**<br>-10263<br>57161<br>46826|2020<br>Total<br>funds<br>£<br>0<br>0<br>79<br>522|
|---|---|---|---|---|
|||||**601**|
|||||10739<br>666<br>5250|
|||||**16652**|
||||||
|||||-7840|
|||||73212|
|||||57161|



The statement of financial activities includes all gains and losses recognized in the year. All income and expenditure derive from continuing activities. 

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## Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

Statement of Financial Position Year ended 5 April 2021 

|Note<br>Current Assests<br>Debtors<br>8<br>Cash at bank and in hand<br>**Total**<br>Creditors: amounts falling due within 1<br>year<br>9<br>Net current assets<br>Total assets less current liabiities<br>**Net assets**<br>Funds of the charity<br>Restricted funds<br>Unrestricted Funds<br>Total charity funds<br>10|2021<br>£<br>0<br>46826<br>**46826**<br>0|£<br>46826<br>46826<br>**46826**<br>36854<br>9972<br>46826|2020<br>£<br>0<br>65730|
|---|---|---|---|
||||**65730**|
||||0<br>57161|
||||56639|
||||**56639**|
||||46854<br>10307|
||||57161|



These financial statements were approved by the board of trustees and authorised for issue on 04/02/21 and are signed on behalf of the board by: 


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Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

Notes to the Financial Statements Year ended 5 April 2021 

## 1. General Information 

The charity is a registered charity in England and Wales and is unincorporated. The address of the principal office is The Key Centre, Feltham Lane, Frome, Somerset BA11 5AJ 

2. Statement of Compliance 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011. 

3. Accounting Policies 

## Basis of Preparation 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## Going Concern 

There are no material uncertainties about the charity’s ability to continue. 

## Fund Accounting 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity’s purposes. 

Designated funds are unrestricted funds earmarked by the trustees for a particular future project or commitment. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds. 

## Incoming Resources 

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to categories of income: 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably. 

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## Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

- legacy income is recognised when receipt is probable, and entitlement is established. 

## Notes to the Financial Statements (continued) 

Year ended 5 April 2021 

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. 

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 

## Resources Expended 

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods. 

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

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Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

Notes to the Financial Statements (continued) Year ended 5 April 2021 

|4.<br>Charitable Activities<br>Income from activities<br>**CASH AND CASH EQUIVALENTS**<br>Cash at bank and in hand<br>**CASH FLOWS FROM OPERATING ACTIVITIES**<br>Net cash provided by operating activities<br>**CASH FLOWS FROM INVESTING ACTIVITIES**<br>Dividends, interest and rents from<br>investments<br>Net cash provided by (used in) investing<br>activities|£<br>0<br>0|£<br>0<br>0<br>2021<br>-10764<br>216<br>-10548|£<br>0|
|---|---|---|---|
||||0|
|||||
||||46826|
||||2020<br>-16051<br>522|
||||-15529|



5. Expenditure on charitable activities by fund type 

|Core Activities<br>Support Costs<br>**Total**|Unrestricted<br>funds<br>335<br>429<br>764|2021<br>Restricted<br>funds<br>10000<br>0<br>10000|Total funds<br>10335<br>429<br>10764|2020<br>Total funds<br>10736<br>5916|
|---|---|---|---|---|
|||||16652|



6. Cost of charitable activities by activity type 

|Core Activities|Activities<br>Undertaken<br>Directly<br>10335|Support<br>Costs<br>429|Total Funds<br>2021<br>16652|Total Funds<br>2020|
|---|---|---|---|---|
|||||16652|



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Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

Notes to the Financial Statements (continued) Year ended 5 April 2021 

## 7. Staff Costs 

There are currently no members of staff employed by the charity meaning no wages or salaries to account for. 

## 8. Trustee Renumeration and Expenses 

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. No trustee expenses were paid or reimbursed during the year. 

## 9. Debtors 

|Customer Balances|2021<br>0|2020|
|---|---|---|
|||0|



## 10. Creditors: amounts falling due within one year 

|Accrued Income<br>Other Creditors|2021<br>0<br>0<br>0|2020<br>0<br>0|
|---|---|---|
|||0|



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Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

Notes to the Financial Statements (continued) Year ended 5 April 2021 

## 11. Analysis of Charitable Funds 

|**RESTRICTED FUNDS**<br>Aster Community Project<br>MCA Healthy Living<br>Key Centre<br>**UNRESTRICTED FUNDS**<br>General funds<br>Core Activities<br>Support Costs<br>**Total**|Incoming<br>0<br>0<br>0<br>0<br>215<br>215<br>Unrestricted<br>funds<br>0<br>764<br>764|2021<br>Outgoing<br>0<br>0<br>10000<br>10000<br>764<br>764<br>2021<br>Restricted<br>funds<br>10000<br>0<br>10000|At 5 Apr 21<br>485<br>1178<br>35191<br>36684<br>9021<br>9021<br>Total funds<br>10000<br>764<br>10764|2020<br>485<br>1178<br>45191|
|---|---|---|---|---|
|||||46854|
|||||9785|
|||||9785|
|||||2020<br>Total funds<br>10736<br>5916|
|||||16652|



Analysis of charitable funds Restricted Funds are defined as follows: 

## Key Centre 

For the provision of facilities, equipment and services that will be delivered at or in the vicinity of the Key Centre, Feltham Lane, Frome BA11 5AJ. 

## Somerset County Council Healthy Living Grant 

This grant is in support of the general work of the association in: - Developing the key centre as a focus for healthy living activity- Engaging volunteers and the local community in the creation of healthy environments and in supporting healthy living activities - Supporting volunteers to develop an Notes to the Financial Statements (continued) Year ended 5 April 2021 

understanding of their role as community health champions - Developing the capacity of the organisation in terms of a sustainable business model and strong governance. 

## Holiday activities 

For organising constructive activities and trips for children and their parents/carers in the school holidays. Funded by Frome Development CIC. 

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Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

## 12. Cash and Cash Equivalents 

|Cash at bank and in hand|2021<br>£<br>46826<br>46826|2020<br>£<br>57161|
|---|---|---|
|||57161|



Cashflow Statement Year ended 5 April 2021. 

||2021|2020|
|---|---|---|
|Net cash provided by operating activities|-10764|-16051|
|**CASH FLOWS FROM INVESTING ACTIVITIES**|||
|Dividends, interest and rents from investments|216|522|



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## Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

|<br>Incorporated Organisation|||
|---|---|---|
|Net cashprovided by (used in)investingactivities<br>Cash flows from<br>Repayments or borrowing<br>Cash Inflows from new borrowings<br>Net Cash used in/from financing activities<br>Net decrease/Increse in cash and cash<br>equivalents<br>Cash and cash equivalents at start of year<br>Cash and cash equivalents at end of year<br>12|--10548<br>0<br>0<br>0<br>-10548<br>66522<br>55748|-15529|
|||0<br>0|
|||0|
|||-15529<br>82051|
|||66522|



Detailed statement of financial activities Year ended 5 April 2021. 

||2021|2020|
|---|---|---|
|INCOMING RESOURCES|£|£|
|Donations|||
|General Donation|0|79|
|Grants|0|0|



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## Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

|ACTIVITIES FOR GENERATING FUNDS<br>Other Events<br>Hire of Facilities<br>INVESTMENT INCOME<br>Bank Interest receivable<br>**TOTAL INCOMING**|0<br>0<br>0<br>216<br>216|79|
|---|---|---|
|||0<br>0<br>522|
|||601|



Detailed statement of financial activities Year ended 5 April 2021. 

|||2021||2020|
|---|---|---|---|---|
||£||£||
|CHARITABLE ACTIVITIES|||||
|Establishment - Light & heat||65||301|



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## Friends of the Mount, Marston and Keyford Charitable Incorporated Organisation 

|<br>ncorporated Organisation|||
|---|---|---|
|Establishment - Refurbishment<br>Establishment - Insurance<br>Travel costs - Other<br>Office expenses - Other<br>Holiday Activity Suppliers<br>Charitable Donation<br>Room Hire<br>GOVERNANCE COSTS<br>Accountants fees<br>Legal and professional fees<br>TOTAL RESOURCES EXPENDED<br>NET INCOMING RESOURCES FOR THE YEAR|10000<br>330<br>0<br>0<br>285<br>0<br>0<br>10680<br>0<br>35<br>35<br>10715<br>-10715|5250<br>0<br>0<br>3<br>2038<br>0<br>120|
|||7836|
|||210<br>0|
|||210|
|||7919|
|||-7253|



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