## Marsden Community Trust Limited
Charity number 1168910
A company limited by guarantee number 09392970
## Annual Report and Financial Statements
for the year ended 31 March 2021
Marsden Community Trust Limited
Annual Report and Financial Statements for the year ended 31 March 2021
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 5|
|Examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the accounts|9 to 14|
**Prepared by West Yorkshire Community Accounting Service**
1
## Marsden Community Trust Limited
## Trustees' report for the year ended 31 March 2021
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates**
Mark Crowe Thomas Lonsdale Chair Fiona Russell Sharon Turner Diane Barkley Martin Collett Jane Hurn Treasurer Sheila Bates Gordon Bruce Mark Drury Veronica Gabanski Lisa Wrigley Jayne Haley James Ewing Natalie Parish Katherine Shackleton
Resigned 26 January 2021 Resigned 26 January 2021
Resigned 26 January 2021 Resigned 19 May 2020 Appointed 26 January 2021 Appointed 26 January 2021 Appointed 26 January 2021 Appointed 26 January 2021 Appointed 17 November 2020
**Charity number** 1168910 **Company number** 09392970 **Registered and principal address Bankers** Marsden Mechanics Hall The Co-operative Bank Peel Street P O Box 250 Marsden Skelmersdale Huddersfield England HD7 6BW WN8 6WT
Registered in England and Wales Registered in England and Wales
## **Independent examiner**
E J Beverley FCCA **West Yorkshire Community Accounting Service**
Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is a company limited by guarantee and was formed on 16 January 2015. It is governed by a memorandum and articles of association as amended by special resolution on 21 July 2016. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
2
## Marsden Community Trust Limited
## Trustees' report (continued) for the year ended 31 March 2021
## **Objectives and activities**
## **The charity's objects**
To advance heritage generally and/or preserve, for the benefit of the general public, the historical, architectural and constructional heritage existing in and around Marsden in buildings (including any structure or erection, and any part of a building as so defined) of particular beauty or historical, architectural or constructional interest;
To advance the arts, culture, education, health and well-being by (but not restricted to) the provision of facilities in which these activities can take place for the benefit of the public in Marsden and/or those who, by reason of their youth, age, infirmity or disability, financial hardship or social and economic circumstances, have need of such facilities.
To provide or assist in the provision of recreational facilities for the public at large.
To advance environmental protection and improvement in Marsden through the provision, maintenance and/or improvement of public open space and other public amenities and other environmental and regeneration projects (but subject to appropriate safeguards to ensure that the public benefits so arising clearly outweigh any private benefit thereby conferred on private landowners)
To further such other exclusively charitable purposes according to the law of England and Wales as the Directors in their absolute discretion from time to time determine.
## **The charity's main activities**
Marsden Community Trust exists to take on assets and run them for the benefit of Marsden, West Yorkshire, and the surrounding areas.
## **Public benefit statement**
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education and the advancement of arts and heritage.
## **Achievements and performance**
The Mechanics building remains the Trust’s sole income generator apart from grants and donations. That income is reliant on the spaces inside the building being hired out but the Coronavirus pandemic has brought with it restrictions that have forced closure and loss of virtually all hire income. We have been grateful in those circumstances for our tenants, Mikron Theatre Company and Marsden Jazz Festival, continuing to pay rent voluntarily but those sums are small compared to the shortfall elsewhere.
The remarkable escape act from this predicament has been the result of government support through the furlough scheme, business rate holiday and an astonishing success rate by Trustees making grant applications. These applications are demanding and time-consuming so the voluntary effort to secure success has been enormous. The grants have not only made good much of the lost revenue but also paid for refurbishment of the lift and numerous other minor repairs and improvements, especially devoted to making the building safe and pleasant to use as the restrictions gradually ease.
Mikron Theatre Company have also invested huge energy in redecorating large parts of the interior. They have also provided the management for Marsden Help food bank distribution from collection and storage in the Mechanics, which has been just one of the marvellous actions by Marsden people in the face of Covid-19.
Discussions have been continuing with Kirklees officers and Councillors about the wider issues affecting Marsden as a place to live, work and visit. Funding is yet to materialise for significant improvements or regeneration but there are early signs that the Trust’s voice is being heard on behalf of the Marsden Community on matters such as the Station upgrade, Goods Yard development and public realm improvements in the village centre.
3
## Marsden Community Trust Limited
## Trustees' report (continued) for the year ended 31 March 2021
## **Objectives and activities**
## **Financial review**
The net income for the year was £14,050, including net income of £15,761 on unrestricted funds and net expenditure of £1,711 on restricted funds after transfers.
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £36,867.
The charity aims to build reserves to cover 6 months operating expenditure.
They also aim to set aside a monthly amount for a building maintenance fund to cover planned and unexpected maintenance needs. To this end a designated fund has been created this year to hold funds donated for building works, the balance on this was £184 at the year end which is included in the free reserves above.
## **Going Concern**
At the time of signing these accounts the charity has been impacted by the global Covid-19 virus. The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern.
4
## Marsden Community Trust Limited
## Trustees' report (continued) for the year ended 31 March 2021
## **Statement of trustees' responsibilities**
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. 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.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Signed on behalf of the board of trustees on 16/11/2021
Jane S Hurn (Trustee)
5
## Marsden Community Trust Limited
## Independent examiner's report to the trustees of Marsden Community Trust Limited
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2021, which are set out on pages 7 to 14.
## **Responsibilities and basis of report**
As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 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:
- 1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
- 4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
E J Beverley FCCA
08/12/2021
## **West Yorkshire Community Accounting Service**
Stringer House 34 Lupton Street Leeds LS10 2QW
6
## Marsden Community Trust Limited
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 March 2021
|Notes
2021
Unrestricted
funds
£
**Income from:**
Grants and donations
(2)
23,936
Room and hall hire
4,474
Library hire
135
Rental income
4,417
Services
1,407
Event income
75
Other income
606
Fundraising
1,950
Insurance claim
-
**Total income**
37,000
**Expenditure on:**
Salaries and NI
(3)
1,820
Pension
323
Payroll and pension costs
242
Rates
455
Insurance
1,330
Heat and light
2,300
Cleaning and waste
468
Repairs and maintenance
9,084
Stationery and office supplies
327
Advertising
-
Training
-
Telephone and internet
570
Membership
447
Events and tickets
-
Fundraising
-
Licences
1,376
Independent examination costs
60
Legal and professional fees
54
Bank charges
2
Depreciation
4,914
Cash theft
-
Volunteer expenses
-
Website cost
-
**Total expenditure**
23,772
**Net income / (expenditure)**
13,228
**Transfers between funds**
2,533
**Net movement in funds**
15,761
**Fund balances brought forward**
202,201
**Fund balances carried forward**
(4)
217,962|2021
Restricted
funds
£
91,664
-
-
-
-
-
-
-
-
91,664
15,963
568
323
126
1,109
4,780
1,493
54,086
179
7,001
2,015
1,094
105
-
-
40
660
-
-
-
-
-
1,300
90,842
822
(2,533)
(1,711)
9,187
7,476|2021
Total
funds
£
115,600
4,474
135
4,417
1,407
75
606
1,950
-
128,664
17,783
891
565
581
2,439
7,080
1,961
63,170
506
7,001
2,015
1,664
552
-
-
1,416
720
54
2
4,914
-
-
1,300
114,614
14,050
-
14,050
211,388
225,438|2020
Total
funds
£
25,391
21,080
1,709
4,377
2,185
24,022
664
2,215
204
81,847
18,139
886
264
2,492
2,441
9,289
1,426
16,569
196
885
-
1,248
370
17,407
128
1,324
660
48
314
4,453
329
51
-
78,919
2,928
-
2,928
208,460
211,388|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
7
## Marsden Community Trust Limited
## Balance sheet
|as at 31 March 2021
2021
Unrestricted
£
**Fixed assets**
Tangible assets
(5)
181,095
**Total fixed assets**
181,095
**Current assets**
Debtors and prepayments
(6)
3,652
Cash at bank and in hand
(7)
37,474
**Total current assets**
41,126
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(8)
4,259
**Total current liabilities**
4,259
**Net current assets / (liabilities)**
36,867
**Net assets**
217,962
**Funds**
Unrestricted funds
217,778
Restricted funds
-
Designated funds
184
**Total funds**
217,962|2021
Restricted
£
-
-
1,214
6,262
7,476
-
-
7,476
7,476
-
7,476
-
7,476|2021
Total
£
181,095
181,095
4,866
43,736
48,602
4,259
4,259
44,343
225,438
217,778
7,476
184
225,438|2020
Total
£
184,167
184,167
8,271
25,029
33,300
6,079
6,079
27,221
211,388
198,758
9,187
3,443
211,388|
|---|---|---|---|
For the year ending 31 March 2021 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on 16/11/2021
Jane S Hurn (Trustee)
8
## Marsden Community Trust Limited
## Notes to the accounts
for the year ended 31 March 2021
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
## **Tangible fixed assets**
Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Freehold land and buildings: over 50 years Fixtures and Fittings: over 5 years Equipment: over 4 years
## **Pensions**
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
9
## Marsden Community Trust Limited
## Notes to the accounts
## for the year ended 31 March 2021
## **1 Accounting policies continued Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
|**2 Grants and donations**
2021
Unrestricted
funds
£
Cuckoos Nest
-
One Community
-
Friends of Marsden Library donation
-
Marsden Community Trust Trading
-
Ward Councillor funding
-
Ward Councillor funding (2)
-
Keyfund
-
Kirklees Council
21,431
West Yorkshire Combined Authority
-
Power to Change
-
The National Lottery
-
HMRC Job Retention Scheme (JRS)
-
Projects fund donations
-
Donations
2,505
23,936
**3 Staff costs and numbers**
Gross salaries
Social security costs
Employment allowance|2021
Restricted
funds
£
-
3,750
-
-
-
-
37,000
889
2,500
18,500
21,971
7,054
-
-
91,664|2021
Total
funds
£
-
3,750
-
-
-
-
37,000
22,320
2,500
18,500
21,971
7,054
-
2,505
115,600
2021
£
17,783
111
(111)
17,783|2020
Total
funds
£
2,879
2,690
2,500
5,276
910
3,984
-
-
-
-
-
-
6,140
1,012
25,391
2020
£
18,139
228
(228)
18,139|
|---|---|---|---|
The average number employees during the year was 2, being an average of 0.9 full time equivalent
|**Defined contribution pension scheme**|2021|2020|
|---|---|---|
||£|£|
|Costs of the scheme to the charity for the year|891|885|
|Amount of any contributions outstanding at the year end|3|-|
|Amount of any contributions prepaid at the year end|-|-|
10
## Marsden Community Trust Limited
## Notes to the accounts continued
## for the year ended 31 March 2021
|**4 Restricted funds**
One Community
One Community (2)
Cuckoos Nest
Ward Councillor funding
Ward councillor funding (2)
One Community (3)
One Community (4)
West Yorks Combined Authority
Keyfund
The National Lottery
Power to Change
HMRC JRS
Ward councillor funding (3)|Balance b/f
£
490
2,774
1,740
199
3,984
-
-
-
-
-
-
-
-
9,187|Incoming
£
-
-
-
-
-
750
3,000
2,500
37,000
21,971
18,500
7,054
889
91,664|Outgoing
£
-
2,347
1,000
-
2,778
-
-
2,500
37,000
19,657
18,500
7,054
6
90,842|Transfers
£
-
-
(670)
-
-
-
-
-
-
(1,100)
-
-
(763)
(2,533)|Balance c/f
£
490
427
70
199
1,206
750
3,000
-
-
1,214
-
-
120
7,476|
|---|---|---|---|---|---|
## **Fund name**
## **Purpose of restriction**
One Community One Community (2) Cuckoos Nest
To set up advice sessions. The transfer relates to room hire costs. For small meeting room and building work.
£1,000 towards heating repair, £1,000 towards glazing in the small room, £670 towards the toilet refurbishment and £209 towards a fridge.
The transfer relates to the toilet refurbishment that was done last year but taken out of unrestricted reserves in error.
Ward Councillor funding Ward councillor funding (2)
One Community (3) One Community (4) West Yorks Combined Authority
Keyfund The National Lottery
Towards Ping sessions.
Towards repair work to conservatory and fire doors, purchase and replace display boards, paint for meeting rooms and reception area, + 2 days professional time for finishing prep work and top coat of painting. Towards lighting conversion to LED hallway, toilets & meeting room. Towards a Tea Dance, a Memory Cafe and a Baby & toddler group.
For marketing work to help counter the effects of the pandemic on the business.
For refurbishment of the lift.
Coronavirus Community Support Fund to promote recovery and resilience, and to cover the costs of staffing, utility, training, extra cleaning equipment and marketing during the grant period.
The transfer relates to the purchase of a buffing machine that has been capitalised.
Power to Change
HMRC JRS
Ward councillor funding (3)
To provide urgent and vital support to such community businesses during these turbulent times.
Furlough scheme payments.
Towards new PC and software. The funder has given permission for the balance to be used to buy an office chair which was purchased shortly after the year end.
The transfer relates to the puchase of a new laptop and software that has been capitalised.
11
## Marsden Community Trust Limited
## Notes to the accounts continued
## for the year ended 31 March 2021
|**5 **
**6 **
**7 **
**8 **
**9 **|**Tangible assets**
**Cost**
At 1 April 2020
Additions
At 31 March 2021
**Depreciation**
At 1 April 2020
Charge for year
At 31 March 2021
**Net book value**
At 31 March 2021
At 31 March 2020
**Debtors and prepayments**
Debtors
Prepayments
**Cash at bank and in hand**
Cash at bank
Cash in hand
**Creditors and accruals**
Creditors
Accruals
Deferred income
**Designated funds**
Projects fund
**Fund name**
Projects fund|Total
£
£
£
-
196,892
2,580
199,472
1,842
-
-
1,842
1,842
196,892
2,580
201,314
-
14,201
1,104
15,305
461
3,937
516
4,914
461
18,138
1,620
20,219
1,381
178,754
960
181,095
-
182,691
1,476
184,167
2021
2020
£
£
2,532
5,617
2,334
2,654
4,866
8,271
2021
2020
£
£
43,461
24,815
275
214
43,736
25,029
2021
2020
£
£
2,634
1,025
1,625
1,898
-
3,156
4,259
6,079
Balance b/f
Incoming
Outgoing
Transfers
Balance c/f
£
£
£
£
3,443
2,000
5,259
-
184
3,443
2,000
5,259
-
184
**Purpose of designation**
Funds raised towards building repairs and maintenance and ring-fenced for
that purpose.
Fixtures
and Fittings
Property
Equipment|
|---|---|---|
12
Notes to the accounts continued
## Marsden Community Trust Limited
## for the year ended 31 March 2021
## **9 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefit during this or the previous year.
|2021
£
**Name of trustee**
**Legal authority**
Fiona Russell - cleaning cover for caretaker holiday
Governing document
-
Fiona Russell - providing Ping sessions
Governing document
-
-
No trustee received any other remuneration or benefit during this or the previous year.
**Other transactions with trustees or related parties**
2021
£
-
300
300
Marsden
Community Trust
Trading
Subsidiary trading
company
Loan to trading
subsidiary by charity
**Name of trustee**
**or related party**
**Relationship to**
**charity**
**Description of**
**transaction**
Marsden
Community Trust
Trading
Subsidiary trading
company
Donation received
from trading
subsidiary by charity|2020
£
255
558
813
2020
£
5,276
-
5,276|
|---|---|
13
## Marsden Community Trust Limited
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2021
|2021
2020
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants and donations
23,936
14,928
Room and hall hire
4,474
21,080
Library hire
135
1,709
Rental income
4,417
4,377
Services
1,407
2,185
Event income
75
24,022
Other income
606
664
Fundraising
1,950
2,215
Insurance claim
-
204
**Total income**
37,000
71,384
**Expenditure**
Salaries and NI
1,820
18,139
Pension
323
886
Payroll and pension costs
242
264
Rates
455
2,492
Insurance
1,330
2,441
Heat and light
2,300
9,289
Cleaning and waste
468
1,426
Repairs and maintenance
9,084
15,360
Stationery and office supplies
327
166
Advertising
-
885
Training
-
-
Telephone and internet
570
1,248
Membership
447
370
Events and tickets
-
16,726
Fundraising
-
128
Licences
1,376
1,324
Independent examination costs
60
660
Legal and professional fees
54
48
Bank charges
2
314
Depreciation
4,914
4,453
Cash theft
-
329
Volunteer expenses
-
51
Website cost
-
-
**Total expenditure**
23,772
76,999
**Net income / (expenditure)**
13,228
(5,615)
**Transfers between funds**
2,533
-
**Net movement in funds**
15,761
(5,615)
**Fund balances brought forward**
202,201
207,816
**Fund balances carried forward**
217,962
202,201|2021
Restricted
funds
£
91,664
-
-
-
-
-
-
-
-
91,664
15,963
568
323
126
1,109
4,780
1,493
54,086
179
7,001
2,015
1,094
105
-
-
40
660
-
-
-
-
-
1,300
90,842
822
(2,533)
(1,711)
9,187
7,476|2020
Restricted
funds
£
10,463
-
-
-
-
-
-
-
-
10,463
-
-
-
-
-
-
-
1,209
30
-
-
-
-
681
-
-
-
-
-
-
-
-
-
1,920
8,543
-
8,543
644
9,187|2021
Total
funds
£
115,600
4,474
135
4,417
1,407
75
606
1,950
-
128,664
17,783
891
565
581
2,439
7,080
1,961
63,170
506
7,001
2,015
1,664
552
-
-
1,416
720
54
2
4,914
-
-
1,300
114,614
14,050
-
14,050
211,388
225,438|2020
Total
funds
£
25,391
21,080
1,709
4,377
2,185
24,022
664
2,215
204
81,847
18,139
886
264
2,492
2,441
9,289
1,426
16,569
196
885
-
1,248
370
17,407
128
1,324
660
48
314
4,453
329
51
-
78,919
2,928
-
2,928
208,460
211,388|
|---|---|---|---|---|
14