**REGISTERED CHARITY NUMBER: 1166190** **Croston Together Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2022** 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 2022** ||**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 2022** **TRUSTEES** TDL Smith NT Norcross JR Phythian PJ Guinness G Stubbs HV Humphris I Grime S Gregory (resigned 2/2/2022) 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 2022** The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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: - (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. - (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** 2022 was a particularly busy year as we supported a number of initiatives which enabled the village to bounce back after the Covid lockdown. This year has been a little quieter in terms of projects but nevertheless, we have continued to stand at the centre of village life and make a difference to the lives of residents. 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. ## **Communications** Communications continue to be an important part of our work and with around 1,700 Facebook followers, we provide an invaluable service to many individuals and groups within our village; publicising and supporting initiatives that enhance village life. ## **Financial Summary** At the end of 2022 we have a bank balance of £18,768 but around £1,500 of that is already committed. ## **Meetings** We are very grateful to the Village Surgery for allowing us to use their premises for our meetings. The surgery provides a very suitable and comfortable space for our meetings. 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 support of our village. ## **Membership** Finally, it was with great sadness that we heard that one of our original Trustees, Daisy-Mae Morrison had died. Daisy-Mae was a wonderful, loving character who will be sorely missed. ## **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. Page 2 ## **Croston Together** ## **Report of the Trustees** ## **for the year ended 31 December 2022** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **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. Approved by order of the board of trustees on 27 June 2023 and signed on its behalf by: NT Norcross - Trustee Page 3 ## **Croston Together** ## **Statement of Financial Activities** ## **for the year ended 31 December 2022** |Unrestricted
Restricted
fund
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
**155**
**140**
**EXPENDITURE ON**
Raising funds
**25**
**-**
**Charitable activities**
Charitable
**2,112**
**12,099**
**Total**
**2,137 **
**12,099**
**NET INCOME/(EXPENDITURE)**
**(1,982)**
**(11,959)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**20,750**
**12,711**
**TOTAL FUNDS CARRIED FORWARD**
**18,768**
**752 **|**2022**
**Total**
**funds**
**£**
**295**
**25**
**14,211**
**14,236**
**(13,941)**
**33,461**
**19,520**|2021
Total
funds
£
7,521
284
8,977
9,261
(1,740)
35,201
33,461| |---|---|---| The notes form part of these financial statements Page 4 ## **Croston Together** ## **Balance Sheet 31 December 2022** |Unrestricted
Restricted
fund
funds
Notes
£
£
**CURRENT ASSETS**
Debtors
7
**-**
**-**
Cash at bank
**18,768**
**752 **
**18,768**
**752**
**NET CURRENT ASSETS**
**18,768**
**752 **
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**18,768**
**752**
**NET ASSETS**
**18,768**
**752 **
**FUNDS**
8
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2022**
**Total**
**funds**
**£**
**-**
**19,520**
**19,520**
**19,520**
**19,520**
**19,520**
**18,768**
**752 **
**19,520**|2021
Total
funds
£
675
32,786
33,461
33,461
33,461
33,461
20,750
12,711
33,461| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 27 June 2023 and were signed on its behalf by: NT Norcross - Trustee The notes form part of these financial statements Page 5 ## **Croston Together** ## **Notes to the Financial Statements for the year ended 31 December 2022** ## **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. Page 6 continued... ## **Croston Together** ## **Notes to the Financial Statements - continued** ## **for the year ended 31 December 2022** ## **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
**GRANTS PAYABLE**
Charitable
The total grants paid to institutions during the year was as follows:
Croston Festivities
Croston Community Centre
Croston Heritage Group
Keep Croston Tidy
Trees
Knit wits
Dressmakers
Give it a go
Riverside Green
Croston Boules League
Croston Shows
Quilting
Mens sheds|**2022**
**£**
**295**
**2022**
**£**
**2,112**
**2022**
**£**
**239**
**-**
**-**
**-**
**-**
**-**
**-**
**106**
**122**
**592**
**472**
**15**
**566**
**2,112**|2021
£
7,521
2021
£
3,575
2021
£
-
1,500
438
420
928
214
25
50
-
-
-
-
-
3,575| |---|---|---| Page 7 continued... ## **Croston Together** ## **Notes to the Financial Statements - continued for the year ended 31 December 2022** ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
Restricted
fund
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
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**
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
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2022**
**£**
Trade debtors
**-**|Total
funds
£
7,521
284
8,977
9,261
(1,740)
-
(1,740)
35,201
33,461
2021
£
675| |---|---| Page 8 continued... ## **Croston Together** **Notes to the Financial Statements - continued for the year ended 31 December 2022** ## **8. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**||||| |---|---|---|---|---| ||||Net|| ||||movement|At| |||At 1/1/22|in funds|31/12/22| |||£|£|£| |**Unrestricted funds**||||| |General fund||**20,750**|**(1,982)**|**18,768**| |**Restricted funds**||||| |Croston Recreation Park||**1,015**|**(947)**|**68**| |Croston Remembers||**467**|**-**|**467**| |Project Space||**5,724**|**(5,724)**|**-**| |Public right of way improvement project||**5,505**|**(5,288) **|**217**| |||**12,711**|**(11,959)**|**752 **| |**TOTAL FUNDS**||**33,461 **|**(13,941)**|**19,520**| |Net movement in funds, included in the above are as follows:||||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| |**Unrestricted funds**||||| |General fund||**155**|**(2,137)**|**(1,982)**| |**Restricted funds**||||| |Croston Recreation Park||**140**|**(1,087)**|**(947)**| |Project Space||**-**|**(5,724)**|**(5,724)**| |Public right of way improvement project||**-**|**(5,288) **|**(5,288) **| |||**140**|**(12,099)**|**(11,959)**| |**TOTAL FUNDS**||**295**|**(14,236) **|**(13,941)**| |**Comparatives for 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| Page 9 continued... ## **Croston Together** ## **Notes to the Financial Statements - continued for the year ended 31 December 2022** ## **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|1,708|(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)| 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 was 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 2022. Page 10