REGISTERED CHARITY NUMBER: 1166190
Croston Together Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2021
McMillan & Co LLP Chartered Accountants 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA
Croston Together
Contents of the Financial Statements for the year ended 31 December 2021
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 10 |
Croston Together
Reference and Administrative Details for the year ended 31 December 2021
TRUSTEES TDL Smith NT Norcross JR Phythian P J Guinness (appointed 1/1/2021) G Stubbs HV Humphris I Grime S Gregory CJ Wild REGISTERED OFFICE 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA REGISTERED CHARITY 1166190 NUMBER
Page 1
Croston Together
Report of the Trustees for the year ended 31 December 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
OBJECTIVES AND ACTIVITIES Objectives and aims
The objectives of the charity are:
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(i) The relief of financial hardship among people, businesses and community organisations in Croston who have suffered loss or damage to their property or its contents as a result of floods in Croston which is not recoverable from insurance or other grants, in particular but not exclusively, by providing such persons, business and community organisations with grants of money.
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(ii) The relief of need by the provision of advice, advocacy and support to the beneficiaries identified in (i) above.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives.
ACHIEVEMENT AND PERFORMANCE Charitable activities
I am very pleased by the way in which Croston Together has responded so positively during the recent pandemic. We have not only assisted the Covid-19 Support Group but have funded a whole range of projects as our village emerges from lockdown. We invited residents to come up with ideas that would enable our village to spring back to life. As usual, they responded brilliantly.
I am most grateful to our excellent team of Trustees who, in a whole variety of ways, have supported our charity. I am also grateful for the personal support that I have received throughout the year. I think we can all be very proud of what has been achieved. A number of our projects are on-going and we can look forward to another successful year in which we really do make a difference to life in our village.
We have received grants and gifts amounting to £7,213 in addition to the funds we hold on behalf of other village organisations.
We have supported 19 village projects and organisations by donating funds, providing advice and encouraging those who seek to improve village life. The projects have covered issue such as mental health; the village environment; sporting activities; development of craft skills and our village history and culture.
Communication continues to be an important part of our work and with almost 1,500 Facebook followers, we provide an invaluable service to many individuals and groups within our village; publicising and supporting initiatives that enhance village life.
All of these events/projects will continue to make an impact on village life as we seek to Encourage, Enrich and Engage. Thank you to the Trustees for all that you have done and continue to do to make this possible. It has been a privilege to be a part of all that has taken place in response to one of the greatest challenges that our village, and the world, has faced.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Croston Together is a Charitable Incorporated Organisation (CIO) registered in England and Wales. The CIO (registered charity number 1166190) was established by CIO constitution on 23 March 2016.
Trustees are selected on the basis of their experience and knowledge of charitable needs to meet the objects of the charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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Croston Together
Report of the Trustees for the year ended 31 December 2021
Approved by order of the board of trustees on 30 August 2022 and signed on its behalf by:
NT Norcross - Trustee
Page 3
Croston Together
Statement of Financial Activities for the year ended 31 December 2021
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 1,708 5,813 Other income - - Total 1,708 5,813 EXPENDITURE ON Raising funds 284 - Charitable activities Charitable 3,575 5,402 Total 3,859 5,402 NET INCOME/(EXPENDITURE) (2,151) 411 Transfers between funds 8 573 (573) Net movement in funds (1,578) (162) RECONCILIATION OF FUNDS Total funds brought forward 22,328 12,873 TOTAL FUNDS CARRIED FORWARD 20,750 12,711 |
2021 Total funds £ 7,521 - 7,521 284 8,977 9,261 (1,740) - (1,740) 35,201 33,461 |
2020 Total funds £ 14,586 1,907 16,493 188 8,260 8,448 8,045 - 8,045 27,156 35,201 |
|---|---|---|
The notes form part of these financial statements
Page 4
Croston Together
Balance Sheet 31 December 2021
| Unrestricted Restricted fund funds Notes £ £ CURRENT ASSETS Debtors 7 - 675 Cash at bank 20,750 12,036 20,750 12,711 NET CURRENT ASSETS 20,750 12,711 TOTAL ASSETS LESS CURRENT LIABILITIES 20,750 12,711 NET ASSETS 20,750 12,711 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 Total funds £ 675 32,786 33,461 33,461 33,461 33,461 20,750 12,711 33,461 |
2020 Total funds £ 675 34,526 35,201 35,201 35,201 35,201 22,328 12,873 35,201 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 August 2022 and were signed on its behalf by:
NT Norcross - Trustee
The notes form part of these financial statements
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Croston Together
Notes to the Financial Statements for the year ended 31 December 2021
1. GENERAL INFORMATION
The charity is a registered charity in England and Wales and is incorporated. The address of the principal office is c/o 28 Eaton Avenue, Matrix Office Park, Buckshaw Village, Chorley, Lancashire, PR7 7NA.
There are no material uncertanties about the charity's ability to continue.
The presentational currency of the financial statements is the Pound Sterling (£).
The amounts in the financial statements have been rounded to the nearest £1.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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 corporation 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.
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Croston Together
Notes to the Financial Statements - continued
for the year ended 31 December 2021
2. ACCOUNTING POLICIES - continued
Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.
3. DONATIONS AND LEGACIES
4.
| DONATIONS AND LEGACIES | |||
|---|---|---|---|
| Donations GRANTS PAYABLE Charitable The total grants paid to institutions during the year was as follows: Croston Community Centre Croston Heritage Group Keep Croston Tidy Trees Knit wits Dressmakers Give it a go |
2021 £ 7,521 2021 £ 3,575 2021 £ 1,500 438 420 928 214 25 50 3,575 |
2020 £ 14,586 2020 £ - 2020 £ - - - - - - - - |
|
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
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Croston Together
Notes to the Financial Statements - continued for the year ended 31 December 2021
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | funds | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | - | 14,586 | 14,586 | ||
| Other income | 1,907 | - | 1,907 | ||
| Total | 1,907 | 14,586 | 16,493 | ||
| EXPENDITURE ON | |||||
| Raising funds | 188 | - | 188 | ||
| Charitable activities | |||||
| Charitable | - | 8,260 | 8,260 | ||
| Total | 188 | 8,260 | 8,448 | ||
| NET INCOME | 1,719 | 6,326 | 8,045 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 20,609 | 6,547 | 27,156 | ||
| TOTAL FUNDS CARRIED FORWARD | 22,328 | 12,873 | 35,201 | ||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Trade debtors | 675 | 675 | |||
| 8. | MOVEMENT IN FUNDS | ||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1/1/21 | in funds | funds | 31/12/21 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 22,328 | (2,151) | 573 | 20,750 | |
| Restricted funds | |||||
| Croston Recreation Park | 1,940 | (925) | - | 1,015 | |
| Croston Remembers | 259 | 208 | - | 467 | |
| Covid-19 | 1,142 | (569) | (573) | - | |
| Project Space | 9,532 | (3,808) | - | 5,724 | |
| Public right of way improvement project | - | 5,505 | - | 5,505 | |
| 12,873 | 411 | (573) | 12,711 | ||
| TOTAL FUNDS | **35,201 ** | **(1,740) ** | - | **33,461 ** |
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Croston Together
Notes to the Financial Statements - continued for the year ended 31 December 2021
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,708 | (3,859) | (2,151) |
| Restricted funds | |||
| Croston Recreation Park | - | (925) | (925) |
| Croston Remembers | 208 | - | 208 |
| Covid-19 | 100 | (669) | (569) |
| Project Space | - | (3,808) | (3,808) |
| Public right of way improvement project | 5,505 | - | 5,505 |
| 5,813 | (5,402) | 411 | |
| TOTAL FUNDS | 7,521 | (9,261) | **(1,740) ** |
| Comparatives for movement in funds |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/20 | in funds | 31/12/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 20,609 | 1,719 | 22,328 |
| Restricted funds | |||
| Croston Recreation Park | 6,522 | (4,582) | 1,940 |
| Croston Remembers | 25 | 234 | 259 |
| Covid-19 | - | 1,142 | 1,142 |
| Project Space | - | 9,532 | 9,532 |
| 6,547 | 6,326 | 12,873 | |
| TOTAL FUNDS | 27,156 | 8,045 | 35,201 |
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Croston Together
Notes to the Financial Statements - continued for the year ended 31 December 2021
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,907 | (188) | 1,719 |
| Restricted funds | |||
| Croston Recreation Park | - | (4,582) | (4,582) |
| Croston Remembers | 1,774 | (1,540) | 234 |
| Covid-19 | 2,812 | (1,670) | 1,142 |
| Project Space | 10,000 | (468) | 9,532 |
| 14,586 | (8,260) | 6,326 | |
| TOTAL FUNDS | 16,493 | (8,448) | 8,045 |
The purpose of the restricted funds is as follows:
Croston Recreation Park is for the creation of the recreation park from the previous recreation ground.
Croston Remembers is for memorials for those who gave their lives in the great war.
Covid-19 is to provide grant assistance to those greatly affected by the pandemic.
Project Space is to develop plans to provide new sporting and community facilities adjacent to Croston Sports Club.
The public right of way improvement project is particularly for the signage of the footpaths in Croston.
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
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