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East Barnwell & Abbey CIO
Accounts for the year ended 31 August 2020
Contents and Charity Information
Contents
Page
| Report oftheTrustees | 1 and 2 |
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| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| NotestotheAccounts | 5and6 |
Trustees
Trustees Joanne Brasher Deborah Hardingham Rev Stuart Wood Address The Hub 15 Barnwell Road Cambridge CB5 8RG
Charity Registration Number 1158614
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] East Barnwell & Abbey CIO
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1 Structure, Governance and Management
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Page 1
Accounts for the year ended 31 August 2020
Report of the Trustees
The trustees present their annual report and the accounts for the year ended 31 August 2020. The accounts comply with the Charities Act 2011 and Accounting and Reporting by Charities: 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) (effective 1 January 2015)
Statement of Trustees Responsibilities
Charity law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that year. in preparing those accounts,the trustees are required to:
(i) Select suitable accounting policies and apply them consistently. (ii) Make judgements and estimates that are reasonable and prudent. (iii) Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in business. {iv) Observe the methods and principles in the applicable Charities SORP. (v) State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the accounts.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the accounts camply with the Charities Act 2011.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Governing Document
East Barnwell & Abbey CIO was formed by a governing document and was registered as a charity on 18 September 2014.
» Appointment of trustees
New trustees are appointed by a majority of trustees in office at that time.
Joanne Brasher, Deborah Hardingham and Rev Stuart Wood were appointed on 4th December 2019 as trustees, with Colin Shaw resigning due to ill health.
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It is planned to strengthen the trustee body during the next year and the current trustees are actively looking at recruiting new trustees.
Trustee induction and training
The trustees are currently reviewing the procedures in place for trustee induction and training by reference to guidance published by the Charity Commission.
| Barnwell Baptist Church CIO
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Page 2
Accounts for the year ended 31 August 2020
Report of the Trustees
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The trustees present their annual report and the accounts for the year ended 31 August 2020. Organisational structure
The charity has a board of trustees who are resonsible for its strategic direction and policy.
Objects and Activities
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The charity's objects are to further or benefit the residents of Abbey Ward, Cambridge and ihe neighbourhood 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 and leisure time occupation with the objective of improving the conditions of life for the residents.
During the year, the trustees were working hard to consolidate the CIO along with the East Barnwell Community Association, continuing to work through the effects of losing the founding trustees in a short period of time.
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On 1st November 2020, the assets and liabilities of East Barnwell Community Association relating to the activities of SeeSaw Pre-School were transferred into the East Barnwell & Abbey CIO. The and the change to See Saw Pre-School ClO was granted by the Charity Commission in May 2021. trustees agreed to change the name and objects of the East Barnwell & Abbey CIO to reflect this, The assets and liabilities pertaining to the Community Centre were transferred into Abbey People ClO on 1st November 2020, who remain committed to working to secure the management of the redeveloped Community Centre.
These changes will be reflected in the financial accounts for the year ended 31st August 2021.
This report was approved by the board of trustees on 1st July 2021 and signed on their behalf.
Stuart Wood Trustee
East Barnwell & Abbey CIO
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Accounts for the year ended 31 August 2020
Statement of Financial Activities
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|---|---|---|---|---|---|---|
|2020|2019|
|Total|Total|
|Funds|Funds|
|Notes|£|3|
|Income|
|Incoming|resources|from|
|charitable|activities:|
|Grants|and|Donations|0|0|
|Total|Income|1|0|0|
|Expenditure|
|Charitable|activities|0|0|
|Tota!|Expenditure|1|0|0|
|.|
|Net|income/(expenditure)|and|net|
|movement|in|funds|for the|period|0|0|
|Reconciliation|of|Funds|
|Total|Funds|brought forward|-|0|0|
|Total|Funds|carried|forward|0|0|
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Statement of Total Recognised Gains and Losses
There were no recognised gains or losses for 2020 or 2019 other than those included in the Statement of Financial Activities.
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Page 4
Accounts for the year ended 31 August 2020
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|Balance|Sheet|
|2020|2019|
|Notes|=|£|
|Current|Assets|
|Cash|at bank and|in|hand|2|0|0|
|Total Current Assets|9|4g|
|Liabilities|
|Creditors:|amounts|falling|due|
|within one year|3|0|0|
|Net Assets|9|9|
|The|funds|of the|charity|
|.|0|0|
|Unrestricted|Funds|
|Total charity funds|9|—|
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The accounts were approved by the trustees on ist July 2021 and signed on their behalf.
Stuart Wood Trustee
Page 5
East Barnwell & Abbey CIO
Notes to the Accounts Accounts for the year ended 31 August 2020
1 Accounting Policies
(a) Basis of Preparation of Accounts
The accounts have been prepared in accordance with Accounting and Reporting by Charities: 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) (Effective 1 January 2015) - (Charities SORP (FRS 102)), : the financial reporting standard applicable in the UK and Republic of Ireland (FRS 102) : and the Charities Act 2011.
East Barnwell & Abbey ClO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
: The trustees consider that there are no material uncertainties about the charity's ability : to continue as a going concern. The trustees do trustees do do not consider that there are any consider that there are any that there are any there are any are any any sources of estimation uncertainty at the the reporting date that have a that have a have a a significant risk of causing causing a material adjustment to the the ' carrying amounts of assets and liabilities within the next reporting period.
The trustees do trustees do do not consider that there are any consider that there are any that there are any there are any are any any sources of estimation uncertainty at the the reporting date that have a that have a have a a significant risk of causing causing a material adjustment to the the carrying amounts of assets and liabilities within the next reporting period.
(b)
Income
Incoming resources are recognised in the year in which the charity is entitled to the receipt, and the amount can be measured with reasonable certainty. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
(c)
Expenditure
Expenditure is recognised on an accruals basis asa liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
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(d) *
(e)
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Fund Accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
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East Barnwell & Abbey CIO
Accounts for the year ended 31 August 2020
Notes to the Accounts
| 2 Cash at Bank and in Hand 2020 2019 |
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| 3 Creditors; amounts falling due within oneyear 2020 2019 |