REGISTERED COMPANY NUMBER: 09349428 (England and Wales) REGISTERED CHARITY NUMBER: 1171438
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
FOR
CAISTOR ARTS AND HERITAGE CHARITY
Weaver Wroot 28 Dudley Street Grimsby N E Lincolnshire DN31 2AB
CAISTOR ARTS AND HERITAGE CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
CAISTOR ARTS AND HERITAGE CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance the arts and advance the education of the general public in the history and heritage of Caistor,in particular but not exclusively by the provision of arts and heritage engagement activities.
To provide opportunities for learning and development for the benefit of Caistor and the wider community,proactively reaching out to those who are disadvantaged or hard to reach.
ACHIEVEMENT AND PERFORMANCE
CAHC has continued its successful fund raising primarily through the Charity Shop. This is largely run by volunteers with donations from the local community and has proved an excellent source of funds. In addition the "Friends" have continued to donate to support the Caistor Arts and Heritage Centre. These two areas, along with other events and activities have resulted in total income for the year of £16,623 (including Gift Aid). This has enabled the Charity to support the management costs of the Arts and Heritage Centre to the value of £11,977. Without this support Caistor Arts and Heritage Centre would not have been able to provide its services to the community and may well have closed.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
09349428 (England and Wales)
Registered Charity number
1171438
Registered office
28 Plough Hill Caistor Market Rasen Lincolnshire LN7 6LZ
Trustees
D C Jackson S C Else C L Brewster S Neave
Company Secretary
D C Jackson
Approved by order of the board of trustees on 8th December 2021 and signed on its behalf by:
S C Else - Trustee
Page 1
CAISTOR ARTS AND HERITAGE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021
| 31.3.21 | 31.3.20 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 3,910 | - | 3,910 | 14,710 | |
| Other trading activities | 2 | 12,713 | - | 12,713 | 26,711 |
| Total | 16,623 | - | 16,623 | 41,421 | |
| EXPENDITURE ON | |||||
| Raising funds | 3 | 15,418 | - | 15,418 | 26,166 |
| Charitable activities | |||||
| Grants | - | - | - | 8,789 | |
| Other | (19,069) | - | (19,069) | 1,007 | |
| Total | (3,651) | - | (3,651) | 35,962 | |
| NET INCOME | 20,274 | - | 20,274 | 5,459 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 10,404 | - | 10,404 | 4,945 | |
| TOTAL FUNDS CARRIED FORWARD | 30,678 | - | 30,678 | 10,404 |
The notes form part of these financial statements
Page 2
CAISTOR ARTS AND HERITAGE CHARITY
BALANCE SHEET 31ST MARCH 2021
| 31.3.21 | 31.3.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| CURRENT ASSETS | ||||||
| Debtors | 6 | 4,500 | - | 4,500 | 4,500 | |
| Cash at bank | 23,310 | 11,873 | 35,183 | 12,635 | ||
| 27,810 | 11,873 | 39,683 | 17,135 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 7 | 2,868 | (11,873) | (9,005) | (6,731) | |
| NET CURRENT ASSETS | 30,678 | - | 30,678 | 10,404 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 30,678 | - | 30,678 | 10,404 | ||
| NET ASSETS | 30,678 | - | 30,678 | 10,404 | ||
| FUNDS | 8 | |||||
| Unrestricted funds | 30,678 | 10,404 | ||||
| TOTAL FUNDS | 30,678 | 10,404 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 8th December 2021 and were signed on its behalf by:
S C Else - Trustee
The notes form part of these financial statements
Page 3
CAISTOR ARTS AND HERITAGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
1. 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.
2.
OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Shop and internet sales | 11,569 | 24,923 |
| Social lotteries | 268 | - |
| Book sales | 653 | 732 |
| Recycling sales | 223 | 1,056 |
| 12,713 | 26,711 |
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continued...
CAISTOR ARTS AND HERITAGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021
3. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Support costs | 11,977 | 15,800 |
4.
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2021 nor for the year ended 31st March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2021 nor for the year ended 31st March 2020.
5.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 6,935 7,775 Other trading activities 26,712 (1) Total 33,647 7,774 EXPENDITURE ON Raising funds 26,166 - Charitable activities Grants - 8,789 Other 1,007 - Total 27,173 8,789 NET INCOME/(EXPENDITURE) 6,474 (1,015) RECONCILIATION OF FUNDS Total funds brought forward 3,930 1,015 TOTAL FUNDS CARRIED FORWARD 10,404 - |
Total funds £ 14,710 26,711 |
|---|---|
| 41,421 26,166 8,789 1,007 |
|
| 35,962 | |
| 5,459 4,945 |
|
| 10,404 |
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continued...
CAISTOR ARTS AND HERITAGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Other debtors | 4,500 | 4,500 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Accrued expenses | (2,867) | (2,868) | |
| Deferred grants | 11,872 | 9,599 | |
| 9,005 | 6,731 | ||
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1.4.20 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 10,404 | 20,274 | 30,678 |
| TOTAL FUNDS | 10,404 | 20,274 | 30,678 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 16,623 | 3,651 | 20,274 |
| TOTAL FUNDS | 16,623 | 3,651 | 20,274 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.4.19 | in funds | 31.3.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,930 | 6,474 | 10,404 |
| Restricted funds | |||
| Grant | 1,015 | (1,015) | - |
| TOTAL FUNDS | 4,945 | 5,459 | 10,404 |
7.
8. MOVEMENT IN FUNDS
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CAISTOR ARTS AND HERITAGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 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 | 33,647 | (27,173) | 6,474 |
| Restricted funds | |||
| Grant | 7,774 | (8,789) | (1,015) |
| TOTAL FUNDS | 41,421 | (35,962) | 5,459 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.19 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,930 | 26,748 | 30,678 |
| Restricted funds | |||
| Grant | 1,015 | (1,015) | - |
| TOTAL FUNDS | 4,945 | 25,733 | 30,678 |
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 | 50,270 | (23,522) | 26,748 |
| Restricted funds | |||
| Grant | 7,774 | (8,789) | (1,015) |
| TOTAL FUNDS | 58,044 | (32,311) | 25,733 |
Page 7
continued...
CAISTOR ARTS AND HERITAGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2021.
10. GOING CONCERN
As a result of the Coronavirus (Covid-19) global pandemic and subsequent 'lockdowns' the charity faced a significant reduction in some of its main sources of income. The Trustees, assisted by the management team, undertook a full assessment of the potential impact of this situation on the charity during the previous year and implemented various measures to ensure that the charity was able to come through this difficult period. There are no indications at this time that the charity does not remain a going concern.
Page 8
CAISTOR ARTS AND HERITAGE CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021
| 31.3.21 | 31.3.20 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 3,284 | 9,939 |
| Gift aid | 626 | 1,095 |
| Grants | - | 3,676 |
| 3,910 | 14,710 | |
| Other trading activities | ||
| Shop and internet sales | 11,569 | 24,923 |
| Social lotteries | 268 | - |
| Book sales | 653 | 732 |
| Recycling sales | 223 | 1,056 |
| 12,713 | 26,711 | |
| Total incoming resources | 16,623 | 41,421 |
| EXPENDITURE | ||
| Other trading activities | ||
| Shop and internet expenditure | 3,441 | 10,366 |
| Charitable activities | ||
| Grants to institutions | - | 4,120 |
| Support costs | ||
| Management | ||
| Management charge including wages support | 11,977 | 15,800 |
| Spend of grant on project delivery | - | 4,669 |
| 11,977 | 20,469 | |
| Other | ||
| COVID grants | (19,669) | - |
| Governance costs | ||
| Sundries | - | 437 |
| Accountancy and legal fees | 600 | 570 |
| 600 | 1,007 | |
| Total resources expended | (3,651) | 35,962 |
| Net income | 20,274 | 5,459 |
This page does not form part of the statutory financial statements
Page 9