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2021-12-31-accounts

SGRp
rat
Statement
confirming
whether the trustees
have had regard to the
guidance
issued by the
Charity Commission
on
public benefit		 The Trustees have complied
with the duty in Section
17(5)ofthe Chases Act 20"lI to have due regard to
guidance
published
by the Charity Commission
on pubhc
benefit. Clavering
Players provides a range of
opportunities
for members
to develop their skills and
enjoy working
together towards a common goal. We
keep GUI ploclUctloAs
affordable
aAcl alrn to provide a
goocl rnlx GfsenoUs aAcl less senoUs prodUctloAs to
both entertain
and stimulate
our audiences.
Contribution Membership Membership ofClavering
Players is open to 8II.The		 ofClavering
Players is open to 8II.The		 charity is
made by run by a committee ofTrustees who are all members acting in 8
VGIUAteel's voluntary capacity. AII activities on stage, behind stage and front
ofhouse are undertaken
by members
acting in a voluntary
cajlaclty with rnUch appreciated support
fl"GITl fnends		 8Ad fafTIIIy.
Pricing Membership subscriptions
and		 ticket prices are kept at an

Review of
charity's		 the Para
1.21		 The charity had E8,865 (2020 F8,201) in the bank at the end
the year and net current assets amounting
to P 9,330(2020		 The charity had E8,865 (2020 F8,201) in the bank at the end
the year and net current assets amounting
to P 9,330(2020		 of
financial E8,423).
position at the
end ofthe
eriod
Statement
explaining		 the Para
1.22		 The Trustees
aim to hold sufficient reserves to cover ancillary
production
expenditure
and subsidise a number of loss-making
policy for productions
during
the coming years.
holding
reserves
stating
why		 they
are held
Amount
of
reserves
held		 Para
1.22		 The charity has no restricted
funds so its unrestricted
reserves
amounted
to E8,870 2020f8,423 at the end ofthe
eriod.
Details offund
materially
in		 Para
1.24		 No funds are in deficit.
deficit
Explanation
any		 of Para
1.23		 The annual
pantomime
has for some time replenished
the
charity's
reserves
and
if this situation
were to change
long term
uncertainties the Trustees would need to reassess their future strategy.
about the
charity
continuing as a
oin
concern
Additional information
The charity's
principal		 Para
1.47		 In normal years, some productions
make a
and ancillary
refreshment
sales occasionally		 surplus
from ticket
supplemented
by
sources of funds very welcome donations.
(including
any
fundraisin
Investment
policy and		 Para
1.46		 The Charity has insufficient
funds to invest
its own activities.		 in anything
beyond
ob ectives
A description
the principal		 of Para
1.46		 The Charity
is reliant on surpluses
from the
to replenish
its reserves. There is no risk of		 annual
pantomime
insolvency
as the
risks facing the Charity has sufficient reserves
to cover general
expenditure		 and
charity subsidise
a number of loss-making
productions.
It is also the
Trustees'
policy never to incur liabilities or make commitments
that the Players are unable
to pay for out of current funds or,		 in
the case ofgrants, funds which
it has the legal right to receive
before the
a ment is due.

g
8		 Unrestricted
funds		 Total funds Pnol' peat'
funds
Incoming resources (Note 3) F01 F04 F05
Income and endowments from:
Donations and iegacies 501
Charitabie activities Stt2
SQ4
SO7
Resources expended (Note 4)
Expenditure
on:
Charitabie activities 509 402
7otal 402
Net income/(expenditure)
S20
Totai funds brought fonvard
T01'BlfUMfs CBt'fMd foAvat cf
Total last Total last
year
Total fixed assets 805
9,130
Creditors. amounts falling due within
one year (Note 7) 260 260
Net current assetslPiabilities) 8&2
Funds ofthe Charity
Unrestricted fonds (note 9)
Total funds 821
SigMtUre Date Gf
a
roval
Judith Curry
2021)		 (Treasurer to 31st December i ~ Is/g

These
'value		 accounts have
unless otherwise		 been prepared
under the historicai cost convention
stated
in the relevant note(s) to these accounts.		 with items recognised at cost or transaction
'The accounts have been prepared
in accordance
with:
the Statement of Recommended
Practice:		 Accounting and Reporting by Charities
preparing
their accounts
in accordance
with the Financial
the UK and Republic of Ireland (FRS 102)issued on 16		 Reporting
July 2014		 Standard
applicable		 in
;: ~ and with* the Financial
Reporting
Standard
applicable
(FRS102)		 in the United Kingdom and Republic of Ireland
~ and with the Charities Act 2011.
The charity constitutes
'defined
by FRS 102.*		 a public benefit entity as

Note 2 Accounting
policies
,2.2 INCOME cont
Yes No N/a
Donated goods Donated goods are measured
at fair value (the amount for which the asset could be
exchanged)
unless
impractical
to do so.
The cost of any stock ofgoods donated
for distribution
to beneficiaries
is deemed
the fair value ofthose gifts at the time oftheir receipt and they are recognised
on		 to be Yes No N/a
receipt.
In the reporting
period
in which the stocks are distributed,
they are recognised
as an expense at the carrying
amount ofthe stocks at distribution.
Donated goods for resale are measured
at fair value on initial recognition,
which
is		 the
expected proceeds
from sale less the expected cosh ofsale, and recognised
in 'Income
from other trading
activities'
with the corresponding
stock recognised
in the balance		 Yes No N/a
sheet.
On its sale the value of stock is charged
against 'Income from other trading
activities'
and the proceeds
from
sale are also recognised as 'Income
from other trading
activities'.
Yes No N/a
Goods donated
for on-going use by the chadity are recognised as tangible
fixed assets
and included
in the SoFA as incoming
resources
when receivable.
Yes No N/a
Gifts in kind for use by the charity are included
in the SoFA as income from donations
when receivable.
Donated services and Donated services and facilities are included
in the SOFA when received at the value		 of Yes No N/a
facilities the gift to the charity
provided
the value of the gift can be measured
reliably.
Donated services and facilities that are consumed
immediately
are recognised as income		 Yes No N/a
with an equivalent
amount
recognised as an expense
under
the appropriate
heading		 in
the SOFA.
Yes No N/a
,Support costs The charity has incurred
expenditure
on support costs.
.Volunteer help The value ofany voluntary
help received
is not included
in the accounts
but is described
in the trustees'
annual
report.		 Yes No N/a
::Income from interest, This is included
in the accounts when receipt is probable
and the amount
receivable		 can Yes No N/a
;royalties and dividends be measured
reliably.
'Income from membership Membership
subscriptions
received
in the nature ofa gift are recognised
in Donations		 Yes No N/a
'subscriptions and Legacies.
Membership
subscriptions
which gives a member the right to buy services or other		 Yes No N/a
benefits are recognised as income earned from the provision
ofgoods and services		 as
income from charitable
activities.
Settlement
daims		 ofinsurance Insurance
claims are only included
in the SoFA when the general
income recognition
criteria are met (5.10to 5.12FRS102SORP) and are included as an item of other
income
in the SoFA.		 Yes No N/a
:investment
:losses		 gains and This includes
any realised or unrealised
gains or losses on the sale of investments
any gain or loss resulting
from revaluing
investments
to market value at the end of		 and
the		 Yes bio N/a
year.
'::Note 2 Accounting
policies
2.3 EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised
where
it is more likely than not that there is a legal or		 Yes No N/a
constructive
obligation
committing
the charity to pay out resources
and the amount ofthe
obligation
can be measured
with reasonable
certainty.
Govern
nce
costs		 nd ort Support costs have been aIIocated between governance costs and othersupport
Governance
costs comprise
all costs involving
pubiic accountability
of the charity and its		 Yes No N/a
compliance
with regulation
and good practice.
Support costs include central functions
and have been allocated
to activity cost
categories
on a basis consistent
with the use ofresources,
eg allocating
property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their		 Yes No N/a
usage.
Grants
with performance
conditions		 Where the charity gives a grant
with conditions
for its payment
being a specific level of
service or output to be provided,
such grants are only recognised
in the SoFA once the		 Yes No N/a
recipient of the grant has provided
the specified service or output.
'Grants payable
without
performance
conditions		 Where there are no conditions
attaching
to the grant that enables the donor charity to
realistically
avoid the commitment,
a liability for the full funding
obligation
must be
recognised.		 Yes No N/a
';Redundancy cost The charity made no redundancy
payments
dudng
the reporting
period.		 Yes No N/a
;:Oeferred income No material
item of deferred
income has been included
in the accounts.		 Yes No N/a
,Creditors The charity has creditors
which are measured
at settlement
amounts
less any trade
discounts		 Yes No N/a
Provisions for liabilities A liability
is measured
on recognition
at its historical cost and then subsequently
measured
at the best estimate
of the amount
required to settle the obligation
at the		 Yes No N/a
reporting date
Basic financial
:instruments		 The charity accounts for basic financial
instruments
on initial recognition
as per
paragraph
10.7 FRS102SORP. Subsequent
measurement
is as per paragraphs
11.17
to 11.19,FRS102SORP.		 Yes No N/a
,Note 2 Accounting
policies
2.4ASSETS
use by charity These are capitalised
if they can be used for more than one year, and cost at least		 k500
They are valued at cost Yes No N/a
Currently
there are no fixed assets
'Intangible fixed assets The charity has intangible
fixed assets, that is, non-monetary
assets that do not have
physical
substance
but are identifiable
and are controlled
by the charity
through
custody		 Yes No N/a
or legal rights.
The amortisation
rates and methods
used are disclosed		 in note 9.5
They are valued at cost. Yes No N/a
Heritage assets The charity has heritage assets, that is, non-monetary
assets with historic, artistic,
scientific, technological,
geophysical
or environmental
quaiities
that are held
and		 Yes No N/a
maintained
principally
for their contribution
to knowledge
and culture.
The depreciation
rates and methods
used as disclosed
in note 9.6.t.a.
Yes No N/a
They are valued at cost.
Investments Fixed asset investments
in quoted shares, traded bonds and similar investments
are
valued at initially at cost and subsequently
at fair value (their market value) at the year
end.
The same treatment
is applied to unlisted
investments
unless
fair value cannot be		 Yes No N/a
measured
reliably
in which case it is measured
at cost less impairment.
Investments
held for resale or pending
their sale and cash and cash equivalents
with a		 Yes No N/a
maturity
date ofless than
1 year are treated as current asset investments
Stocks and work in Stocks held for sale as part of non-charitable
trade are measured
at the		 lower or cost or net Yes No N/a
progress realisabfe
value.
Goods or services provided as part ofa charitable
activity are measured		 at net realisable value No N/a
based on the service potential
provided
by items ofstock.
Work
in progress
is valued at cost less any foreseeable
loss that is likely		 to occur on the Yes No N/a
contract.
Debtors Debtors
(including
trade debtors
and loans receivable)
are measured
on initial recognition
at
settlement
amount
after any trade discounts
or amount
advanced
by the charity.
Subsequently,
they are measured
at the cash or other consideration
expected to be received.		 No N/a
Current asset
'investments		 The charity has investments
which
it holds for resale or pending
their sale and cash and cash
equivalents
with a maturity
date less than one year. These include cash on deposit and cash
equivalents
with a maturity
date of less than one year held for investment
purposes
rather than
meet short term cash commitments
as they fall due.		 to
Yes		 No N/a
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments,
'POLICIES ADOPTED There are no additional
policies
ADDITIONAL TO OR
,DIFFERENT FROM
'THOSE ABOVE
Arfalpsis Arfalpsis of lAcorne
Unrestricted
funds Total funds Prior year
Analysis f.
DoAatlons DoflatloAs and gifts
and legacies:
Total
Charitable Ticket and programme sales
activities: Sales Gt aAcf lief'y refreshments
Total
income from interest
lAVestrneAts: Total
TOTAL INCOME
Other information:
All income in the prior year was unrestricted
Analysis
ExpeAdlture
charitable
actlvitlles		 oA Pfoduction costs
Ancillary
refreshments		 1,861
Tools and equipment 190 109
Website and promotion
AGM
Subscription
s
lAsUf'ance
259 259
Total expenditure on charitable
actlVltles
402