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2020-09-30-accounts

Page
Report ofthe Trustees 1-5
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes 9-18

Financial
Review
During the year the charity hosted
many events and total income,
including
bar sales, from these events was f12,021.
The activities ofthe charity community
shop, were transferred		 on 1stAugust 2020 to Trawden Forest Community Shop Ltd, ofwhich the charity is
the sole member.
Up to the date oftransfer the shop had takings off201,032.
In order to achieve the transfer,
advice and guidance was sought from Power to Change		 and The Plunkett
Foundation.
Spending
was again dominated
by ongoing
refurbishment
of		 the centre, library and library car park.
f23,882 was spent during
the year on machinery
and fixtures		 for the shop and library which included a ventilation system costing f18,250.
Reserves Policy
The Trustees
review the level ofreserves on a regular basis		 to ensure that the appropriate levels are maintained to finance the day to day
operations
ofthe charity.
The charity aims to hold sufficient reserves to cover working capital requirements
and will		 not embark on any major project ofexpenditure without
sufficient additional
funds
being available.
Should any circumstance
arise in future where there are excess financial reserves these		 would be distributed
to		 other local charitable organisations,
with the trustees
deciding
on the most worthy causes.
Going Concern
The trustees
confirm that the financial statements
have been		 prepared
on a going concern basis.
Potential
Liability to Taxation
A potential
liability to taxation
may arise because ofachieving		 turnover
in the community		 shop above regulatory trading levels. The Charity
Commission
has been contacted
regarding
this position
which		 no longer applies following the transfer ofthe shop trading activity to our wholly
owned trading
subsidiary
on 1st August 2020.
Chairman's
Summary
COVID has had a significant
impact on our organisation.
The		 community
centre was closed from the end ofMarch 2020.
The shop and library also closed for a period of 10weeks, as our more vulnerable
volunteers		 withdrew
and our local suppliers		 closed down
temporarily.
In September 2020 we employed
a part time community
support worker to enable us to provide a meals on wheels and		 home delivery service.

Unrestricted Restricted Endowment Prior year
Note funds income funds funds Total funds funds
Income
Donations
and legacies		 31,122 99,282 130,404 140,343
Charitable
activities		 219,114 219,114 318,347
Other trading
activities		 4,757 4,757 7,383
Other incoming
resources		 2,057 2,057 0
Separate
material
item ofincome		 0
Total 257,050 99,282 0 356,332 466,073
Expenditure
Raising funds 6,578 49 6,627 7,304
Charitable
activities		 210,273 60,936 271,209 309,430
Separate
material
item ofexpense
Depreciation 20,831 20,831 20,154
Loss on disposal ofassets 3,032 3,032 0
Total 240,714 60,985 0 301,699 336,888
Net income/(expenditure) 16,336 38,297 54,633 129,185
Transfers
between
funds		 11,402 -11,402
Other recognised
gains/(losses):
Net movement in funds 27,738 26,895 54,633 129,185
Reconciliation
offunds:
Total funds brought
forward		 231,912 3,048 0 234,960
Net movement
this year		 27,738 26,895 54,633
Total funds carried forward 259,650 29,943 0 289,593

Unrestricted Restricted Endowment
FIXEDASSETS funds income funds funds Total this year Total last year
Tangible assets 294,802 294,802 303,783
Total fixed assets 294,802 0 294,802 303,783
CURRENT ASSETS
Stocks 835 835 15,382
Debtors 46,080 5,102 51,182 19,963
Cash at bank and in hand 0 26,499 26,499 19,889
Total current assets 46,915 31,601 0 78,516 55,234
CREDITORS
Amounts
falling due within one year		 10,068 1,658 11,726 52,058
Net Current Assets 36,847 29,943 0 66,790 3,176
TOTAL ASSETSLESSCURRENT LIABILITIES 331,649 29,943 0 361,592 306,959
FUNDS OF THE CHARITY
Endowment
funds		 0 0
Restricted income funds 29,943 29,943 3,048
Unrestricted
funds		 259,650 259,650 231,912
Revaluation
reserve		 71,999 71,999 71,999
TOTAL FUNDS 331,649 29,943 0 361,592 306,959

Basis of preparation
These accounts have been prepared
under the historical		 cost convention with items recognised
at cost		 or transaction value unless
otherwise
stated
in the relevant note(s) to these accounts.
The accounts have been prepared
in accordance
with:
The Statement
ofRecommended
Practice; Accounting
and Reporting		 by Charities preparing their accounts in accordance with the
Financial
Reporting
Standard
applicable
in the UK and Republic of Ireland (FRS		 102) - Charities SORP (FRS102)
(effective January 2015) - the Financial
Reporting
Standard
applicable		 in the United Kingdom and Republic of Ireland (FRS102)
and with the Charities Act 2011.
Charity status
The charity constitutes
a public benefit entity as defined		 by FRS102.
Accounting
policies
Recognition
of income
These are included
in the Statement
of Financial
Activities (SoFA) when:
the charity becomes entitled to the resources;
it is more likely than not that the trustees
will		 receive the resources;
the monetary
value can be measured
with sufficient
reliability.
Grants and donations
Grants and donations
are only included
in the SoFA when the general		 income recognition criteria are met.
In the case of performance
related grants,
income must		 only be recognised to the extent that the charity has provided the specified
goods or services as entitlement
to the grant only occurs		 when the performance related conditions
are		 met.
Government
grants
The charity has received local authority
grants off20,000to help counteract		 the financial effects ofCovid-19 on the activities ofthe
charity.
Contractual
income and performance
related grants
This is only included
in the SoFA ifthe charity has provided
the related goods or		 services or met the performance related conditions.
Tax reclaims on donations
and gifts
Gift Aid receivable
is included
in income when there is a		 valid declaration from the donor. f140of Gift Aid was collected on donations
during the year.
Volunteer
help
The value ofany voluntary
help received
is not included		 in the accounts but is described in the trustees' annual report.
Expenditure
and liabilities
Liabilities are recognised
where
it is more likely than not		 that there is a legal or constructive obligation committing the charity to pay
out resources
and the amount
ofthe obligation
can be measured
with		 reasonable certainty.
Creditors
The charity has creditors which are measured
at settlement
amounts		 less any trade discounts.

Provisions for liabilities
A liability
is measured
on recognition
at its historical cost and then		 subsequently measured at the best estimate ofthe amount required
to settle the obligation
at the reporting		 date.
Taxation
The charity is a registered charity and is therefore exempt from taxation.
Assets
Tangible
fixed assets for use by charity		 are capitalised ifthey can be used for more than one year and cost at least f1,000
Stocks
Goods or services provided as part of a charitable
activity are measured		 at net realisable value based on the service potential provided
by items ofstock.
Debtors
Debtors are measured
on		 initial recognition
at		 settlement
amount.
Fund Accounting
Unrestricted
funds can be		 used
in accordance		 with the charitable objectives at the discretion ofthe trustees.
Trustee's
Remuneration,		 Benefits and Expenses
There were no trustees'
remuneration		 or other benefits for the year .
Related
Party Transactions
Related
party transactions		 are detailed in the notes to the financial statements.

Analysis ofIncome Analysis ofIncome
Endowment
Unrestricted funds Restricted funds funds Total funds
f		 Prior year
Donations
and		 legacies:
General donations
and gifts		 10,122 500 10,622 62,867
Other
10,622 62,867
Charitable
activities:
Grants 0 0 0
Regular bookings 2,292 2,292 6,913
Party bookings 3,769 3,769 5,578
Shop takings 201,032 201,032 275,783
Bar takings 12,021 12,021 27,753
219,114 316,027
Other trading activities:
Event Income 3,028 3,028 7,279
Other 1,729 1,729 2,424
4,757 9,703
Other incoming resources:
Service charges due from Trawden Forest Community Shop Ltd 1,980 1,980
Interest received 77 77
2,057
Separate material
item ofincome:
Government
grant
in support		 of
capital expenditure
on buildings
Other grants to use for capital 60,782 60,782 77,476
expenditure
on		 buildings
Local Authority grant for library 1,000 1,000
Other grant for business
development		 8,000 8,000
Local authority grant re coronavirus support 10,000 10,000
for the community
centre
Local authority grant re coronavirus support for the 10,000 10,000
library
Other grants re coronavirus support 25,000 25,000
Local authority grant to use on electric bike and shed 5,000 5,000
Total Income 257,050 99,282 0 356,332 466,073

Analysis
ofrece		 ipts o fgr an ts and dona tions
This year Last year
Description E
Trawden
Parish		 Council Trawden
Parish Council		 320 100
Power to Change Community Business for major improvements to both the library and
Fund community
centre and the purchase		 ofan
electric vehide 60,782 75,381
Power to Change Community Business Covid19 grant for chef/delivery and related
Fund expenses 25,000
Power to Change Community Business Business development support
Fund 8,000
Lancashire
Environmental		 Fund for library
building
roof		 30,000
Lancashire
County Council		 for library use 1,000 7,000
Garfield Weston Foundation for shop refurbishment 10,000
Rotary Club ofColne Noyna for unrestricted
use		 1,500
Allocation of previously received grants library project 9,000
Pendle Borough Council Covid19 coronavirus
support - community		 centre 10,000
Pendle Borough Council Covid19 coronavirus
support - library		 10,000
LCC for electric bike and shed 5,000
Bernard Sunley Foundation to further refurbishment works to community
centre & library
building		 5,000
Groundwork
UK		 Donation
for food containers		 to transport food to
residents 500
Others 4,802 7,362
Total 130,404 140,343

Analysis of Analysis of expenditure
Restricted
Unrestricted income Endowment Total
Anal sls funds funds funds funds
f		 Prior year
E
Expenditure on raising Incurred seekin donations
funds: Incurred seekin le acies
Incurred seekin rants
0 eratin
membershi		 schemes and social lotteries
Sta
in
fundraisin		 events 6,578 49 6,627 7,304
Fundraisin
a ents
0 eratin
chari		 sho s
Advertisin,
marketin,		 direct mail and ublici
Start u
costs incurred		 in eneratin source offuture income
Database develo ment costs
Other tradin
activities
Total expenditure on raising funds 6,578 49 6,627 7,304
Bar
urchases		 6,868 6,868 16,660
Sho
urchases		 160,954 160,954 231,880
Sho
miscellaneous		 2,568 1,524 4,092 4,140
Rates and insurance 364 364 4,653
Li ht and heat 6,273 6,273 9,586
Cleanin 11,849 11,849 10,003
Re airs and maintenance 5,518 51,528 57,046 7,764
Em
lo ee costs		 1,658 1,658
Expenditure on Advertisin 600 600
charitable activities Bank char es 3,184 3,184 2,362
Tele hone,
osta		 e and statione 3,258 225 3,483 4,191
Licences and sundries 2,724 256 2,980 7,072
Accountanc
fees		 1,753 1,753 2,200
Costof inde
endent		 Examiners Re ort 600 600 740
E ui menthire 3,151 3,151 3,043
Software 198 198 120
Motor ex enses 276 276
Libra
sund
setu		 costs 1,332
Plannin
a
lication		 fees and le al advice 3,394
Le al advice re establishment ofTrawden Forest Communi Sho Ltd 5,145 5,145
Membershi
fees		 215 215 200
Bad debts 90
Sund
ex enses		 520 520
Other
Total expenditure on charitable activities 210,273 60,936 271,209 309,430
De reciation 20,831 20,831 20,154
TOTAL EXPENDITURE Loss on dis osal ofassets 3,032 3,032
Total 240,714 60,985 301,699 336,888

During the year the charity managed During the year the charity managed During the year the charity managed During the year the charity managed During the year the charity managed funds on behalf ofTrawden ofTrawden Friendship Friendship Group. During Group. During the year the funds were merged year the funds were merged year the funds were merged into into the general the general fund. fund. fund.
Details ofcertain Items ofexpenditure
Fees for examination ofthe accounts and accountancy costs
This year
f		 Last year
Independent
examiner's		 fees 600 750
Accountancy
services		 1,753 1,450
Staff Costs
Salanes and wages 1,546
Social security costs 112
Total staff costs 1,658
No employees
received		 employee benefits (exduding employer pension costs) for the reporting period of more than f60,000.
Average
head count in		 the year
Charitable
activites
Tangible fixed assets
Cost or valuation
Freehold land & Other land Plant, machinery Fixtures, Total
buildings 8 buildings and motor fittings and
vehicles equipment
6
At the beginning
of the		 year 216 336 66,352 57,398 340086
Additions 21,405 2,477 23882
Revaluations
Disposals 5,033 8,782 13815
Transfers
At end ofthe year 216 336 82,724 51,093 350153
Depreciation
and Impalrments
Basis SL WDA WDA
Rate 50 ears 15% 15%
At beginning
ofthe year		 10727 10,313 15,263 36303
Disposals 636 — 1,147 — 1 783
Depreciation 4 327 10,957 5,547 20831
Impairment
Transfers
At end of the year 15054 20,634 19,663 55,351
Net book value
Net book value at the beginning of the year 205609 56,039 42,135 303,783
Net book value at the end ofthe year 201,282 62,090 31,430 294,802

Stocks
For resale
Charitable activities:
Opening 15,382
Reduction in period 14,547
Closing 835
Debtors and prepayments
This year Last Year
E
Trade debtors 1,955 992
Prepayments and accrued income 0 0
Loan to Trawden Forest Community Shop Ltd 30,000 0
Other debtors 4,180 3,603
Vat reclaimable 15,047 15,368
Total 51,182 19,963
Creditors
and		 accruals
Analysis ofcreditors
Amounts falling due falling due Amounts falling due after falling due after
within one year more than one year
This year Last year This year Last year
Accruals for grants payable
Bank loans and overdrafts
Trade creditors 4,709 44,847
Payments received on account for contracts or
performance-related grants
Accruals and deferred income 2,400 7,211
Taxation and social security
Other creditors 4,617
Total 11,726 52,058

Movementin
deferredincome
account		 Movementin
deferredincome
account		 Movementin
deferredincome
account		 This year Last year
Balance at the start ofthe reporting period 753 12,288
Amounts added
in current
period		 753
Amounts released to income from previous periods 753 12,288
Balance at the end ofthe reporting period

Details of material funds Details of material funds held and movements held and movements held and movements durin the CURRENT re ortin the CURRENT re ortin the CURRENT re ortin the CURRENT re ortin the CURRENT re ortin the CURRENT re ortin the CURRENT re ortin the CURRENT re ortin eriod
Fund Fund
balances balances
Purpose and Restrictions brought Gains and carried
Fund names forward
f		 Income
f		 Expenditure
f		 Transfers
f		 losses
6		 fonvard
f
Unrestricted
fund		 Unrestricted 231,912 257,050 240,714 11,402 259,650
Revaluation
reserve		 Unrestricted 71,999 71,999
General restricted Restricted sho and libra 60,782 52,128 8,654
Business development provide strategy for creation ofwholly
fund Restricted owned tradin subsidia and ancilla cost 8,000 6,669 1,331
Covid-19 Emergency
rant Restricted for chef/delive & related ex enses 25,000 1,988 23,012
LCC Restricted electric bike and shed 5,000 200 4,800
for food containers to transport food to
Groundwork
UK		 Restricted residents 500 500
Calico Homes
Ltd		 Restricted indoor bowls and materials 300 300
Trawden
Friendship		 fund transfer to correctly reflect balance
Grou Restricted held for TFG 2,748 2,748
Otherfunds N/a
Total Funds
Details of material funds held and movements durin the PREVIOUS re ortin eriod
Fund Fund
balances balances
Purpose and Restrictions brought Gains and Gamed
Fund names forward
f		 Income
f		 Expenditure
f		 Transfers
f		 losses
6		 forward
f
Unrestricted
fund		 Unrestricted 84,301 342,451 194,840 231,912
Revaluation
reserve		 Unrestricted 70,499 1,500 71,999
General restricted Restricted shop and libraiy 122,656 122,656
Duch
of Lancaster		 Restricted sho and communit hub 1,426 1,426
Trawden
Parish		 Restricted shop 1,700 1,700
Purcell Restricted table chairs and libra rack 530 530
Calico Homes
Ltd		 Restricted indoor bowls and materials 300 300
Skipton
Building
Socle
Foundation		 Restricted food handlin . Serving, kitchen equipment 781 781
The Princes
Count
side Fund		 Restricted sho /libraiy refurbishment 3,500 3,500
Anon
mous donor		 Restricted for libra 5,000 5,000
Anon
mous donor		 Restricted for communi centre 5,000 5,000
Trawden
Friendship		 fund transfer to correctly reflect balance
Grou Restricted held for TFG 1,782 966 2,748
Other funds N/a
Total Funds 174,81 4 6,
Transfers
between		 funds
Reason for transfer Amount
Between restricted Transfer offunds
in		 respect ofTrawden Friendship Group to correct entries and reflect nil balance 2,748
and unrestricted
funds		 at year end.
Between restricted Balance offunds provided by Power to Change whereby notwithstanding that the balance offund 8,654
and unrestricted
funds		 has not been disbursed,
the		 donor is content that the full objective ofthe donation has been
fulfilled.
Between endowment
and restricted funds
Between endowment
and unrestricted
funds
Desi
nated funds
Planned
use		 Pur ose of the desi nation Amount

Amounts Amounts
Name ofthe trustee or related party Relationship
to charity		 Description
of
the
transaction(s)		 Amount Balance at
period end		 Provision
for
bad debts at
period end		 written
off
during
reporting
el'Iod
Trawden Forest Community Shop Ltd Wholly Fixed assets 9,000 9,000
owned
Subsidia
Trawden Forest Community Shop Ltd Wholly Stock 14,700 14,700
owned
Subsidia
Trawden Forest Community Shop Ltd Wholly Cash 6,300 6,300
owned
Subsidia
Trawden Forest Community Shop Ltd Wholly Debtor 1,333 1,333
owned
Subsidia