REGISTERED CHARITY NUMBER: 1165796
Report of the Trustees and
Financial Statements for the Year Ended 31st December 2021
for
Rural Refugee Network
Sheen Stickland Chartered Accountants
7 East Pallant Chichester West Sussex PO19 1TR
Rural Refugee Network
Contents of the Financial Statements for the Year Ended 31st December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
Rural Refugee Network
Report of the Trustees for the Year Ended 31st December 2021
The trustees present their report with the financial statements of the charity for the year ended 31st December 2021. The trustees have adopted the provisions of 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 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1165796
Principal address
Bordean Manor Bordean Petersfield GU32 1EP
Trustees
A Thistleton-Smith Mrs J Thistleton-Smith Lady E Duncannon S Thomas I Bell Mrs K Summerfield Mrs K Lawrence (appointed 1.4.22)
Independent Examiner
P E H Wright FCA DChA Sheen Stickland Chartered Accountants 7 East Pallant Chichester West Sussex PO19 1TR
Approved by order of the board of trustees on 31st October 2022 and signed on its behalf by:
A Thistleton-Smith - Trustee
Page 1
Independent Examiner's Report to the Trustees of Rural Refugee Network
Independent examiner's report to the trustees of Rural Refugee Network
I report to the charity trustees on my examination of the accounts of Rural Refugee Network (the Trust) for the year ended 31st December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
P E H Wright FCA DChA Sheen Stickland Chartered Accountants 7 East Pallant Chichester West Sussex PO19 1TR
31st October 2022
Page 2
Rural Refugee Network
Statement of Financial Activities for the Year Ended 31st December 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 14,668 Other trading activities 3 3,783 Total 18,451 EXPENDITURE ON Raising funds 4 7,250 Charitable activities 5 Charitable activities 11,241 Total 18,491 NET INCOME/(EXPENDITURE) (40) RECONCILIATION OF FUNDS Total funds brought forward 17,791 TOTAL FUNDS CARRIED FORWARD 17,751 |
2020 Total funds £ 5,942 4,563 10,505 4,753 14,045 18,798 (8,293) 26,084 17,791 |
|---|---|
The notes form part of these financial statements
Page 3
Rural Refugee Network
Balance Sheet 31st December 2021
| 2021 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 18,969 CREDITORS Amounts falling due within one year 8 (1,218) NET CURRENT ASSETS 17,751 TOTAL ASSETS LESS CURRENT LIABILITIES 17,751 NET ASSETS 17,751 FUNDS 9 Unrestricted funds 17,751 TOTAL FUNDS 17,751 |
2020 Total funds £ 24,227 (6,436) 17,791 17,791 17,791 17,791 17,791 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31st October 2022 and were signed on its behalf by:
A Thistleton-Smith - Trustee
The notes form part of these financial statements
Page 4
Rural Refugee Network
Notes to the Financial Statements for the Year Ended 31st December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| Donations Other income |
2021 £ 14,668 - 14,668 |
2020 £ 5,067 875 |
|---|---|---|
| 5,942 |
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continued...
Rural Refugee Network
Notes to the Financial Statements - continued for the Year Ended 31st December 2021
3. OTHER TRADING ACTIVITIES
| Fundraising events 4. RAISING FUNDS Other trading activities Purchases 5. CHARITABLE ACTIVITIES COSTS Charitable activities 6. GRANTS PAYABLE Charitable activities |
2021 £ 3,783 2021 £ 7,250 Grant funding of activities Direct (see note Costs 6) £ £ 8,354 2,887 2021 £ 2,887 |
2020 £ 4,563 2020 £ 4,753 Totals £ 11,241 |
|---|---|---|
| 2020 £ 5,911 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2021 nor for the year ended 31st December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2021 nor for the year ended 31st December 2020.
Page 6
continued...
Rural Refugee Network
Notes to the Financial Statements - continued for the Year Ended 31st December 2021
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Other creditors | 1,218 | 6,436 | |
| 9. | MOVEMENT IN FUNDS | ||
| Net | |||
| movement | At | ||
| At 1.1.21 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 17,791 |
(40) | 17,751 | |
| TOTAL FUNDS 17,791 |
(40) | 17,751 | |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 18,451 |
(18,491) | (40) | |
| TOTAL FUNDS 18,451 |
(18,491) | (40) | |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.1.20 | in funds | 31.12.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 26,084 |
(8,293) | 17,791 | |
| TOTAL FUNDS 26,084 |
(8,293) | 17,791 | |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 10,505 |
(18,798) | (8,293) | |
| TOTAL FUNDS 10,505 |
(18,798) | (8,293) |
continued...
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Rural Refugee Network
Notes to the Financial Statements - continued for the Year Ended 31st December 2021
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.20 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 26,084 | (8,333) | 17,751 |
| TOTAL FUNDS | 26,084 | (8,333) | 17,751 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 28,956 | (37,289) | (8,333) |
| TOTAL FUNDS | 28,956 | (37,289) | (8,333) |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2021.
Page 8
Rural Refugee Network
Detailed Statement of Financial Activities for the Year Ended 31st December 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 14,668 | 5,067 |
| Other income | - | 875 |
| 14,668 | 5,942 | |
| Other trading activities | ||
| Fundraising events | 3,783 | 4,563 |
| Total incoming resources | 18,451 | 10,505 |
| EXPENDITURE | ||
| Other trading activities | ||
| Support costs | 7,250 | 4,753 |
| Charitable activities | ||
| Support costs | 7,250 | 4,753 |
| Teaching english & sewing club | 1,104 | 3,381 |
| Grants to institutions | 2,188 | 1,330 |
| Grants to individuals | 699 | 4,581 |
| 11,241 | 14,045 | |
| Total resources expended | 18,491 | 18,798 |
| Net expenditure | (40) | (8,293) |
This page does not form part of the statutory financial statements
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