CLYST CARING FRIENDS
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31[ST] MARCH 2022
CLYST CARING FRIENDS
YEAR ENDED 31[ST] MARCH 2022
CONTENTS
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees’ Annual Report | 2-3 |
| Independent Examiner’s Report | 4 |
| Receipts and Payments Account | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes to the Accounts | 7 |
CLYST CARING FRIENDS
LEGAL AND ADMINISTRATIVE INFORMATION
YEAR ENDED 31[ST] MARCH 2022
REGISTERED CHARITY NUMBER: 1172267
CURRENT TRUSTEES:
Mr H Gent (Chair) Mr R Thwaytes Mrs H Sansbury (Secretary) Mrs S Gaisford Dr M Hillier Mrs A Hurren
CO-OPTED MEMBERS:
REGISTERED OFFICE:
Mrs A Alford-Rukundo (Treasurer) Mrs C Traer (Co-ordinator, to 03.08.22) The Clyst Day Centre Hellings Gardens Broadclyst Exeter EX5 3EJ
INDEPENDENT EXAMINER:
Mr M Cronin MAAT FCIE MICB Bowhill Bookkeeping Services 172 Newman Road Exeter EX4 1PQ
INDEPENDENT FINANCIAL ADVISORS: Mr Clive Swiggs AFS Chartered Financial Planner Ashton Court Pynes Hill Exeter EX2 5AZ
1
CLYST CARING FRIENDS
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31[ST] MARCH 2022
The trustees present their report together with the financial statements of the charity for the year ended 31[st] March 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the Charity's constitution, applicable law and follow best accounting practice as laid out in the SORP FRS 102.
Structure, Governance and Management
Clyst Caring Friends was constituted as a CIO (Charitable Incorporated Organisation) and registered with the Charity Commission on 27[th] March 2017. Formerly, since November 1995 it had existed as an unincorporated association, before transferring its net assets to the CIO on 1[st] April 2017.
The charity is administered by a Management Committee, which at 31[st] March 2022 comprised of 6 trustees and 2 co-opted members.
The trustees and co-opted members who served during the year and up to the date the report was approved are as follows:
Dr C Clements (Chair to 15[th] July 2021) Mr H Gent (Vice Chair and then Chair from 15[th] July 2021) Mr R Thwaytes Mrs L Hitchcock (to 7[th] April 2021) Mr A Potter (to 15[th] July 2021) Mrs H Sansbury (Secretary) Mrs S Gaisford (from 15[th] July 2021) Dr M Hillier (from 15[th] July 2021) Mrs A Hurren (from 15[th] July 2021)
Mrs A Alford-Rukundo (Treasurer from 28[th] October 2021) Mr R Sercombe (Treasurer to 28[th] October 2021) Mrs C Traer (Co-ordinator to 3[rd] August 2022; replacement not yet appointed at time of report)
New trustees are appointed by the existing members.
Objectives and activities
The Charity’s objectives are as follows:
The relief of those who are unwell, infirm, elderly or with a disability or loneliness amongst the persons residing in the area covered by the Pinhoe and Broadclyst Medical Practice.
Public Benefit Statement
The trustees are satisfied that they have compiled with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their duties.
Achievements and performance
At the time of writing (September 2022) our long-serving Coordinator has recently resigned for health reasons, and we are expecting to appoint a successor, probably soon, in October. The Coordinator oversees the Day Centre Manager, the Office Manager, and the Charity Shop Manager, working alongside our Treasurer. The Day Centre at Broadclyst provides day care, currently three days per week, with about 12 clients catered for each day. The Office Manager oversees the volunteer operated car service which takes clients to day care and to medical appointments. The Charity Shop generates significant financial support, and provides a good route to re-use, or re- cycling, for unwanted items of all sorts, and is a social centre for Broadclyst village. The charity currently has 7 paid employees spread across the day centre, the shop, and the office, all part time.
2
CLYST CARING FRIENDS
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31[ST] MARCH 2022
Our income is raised by donations, subscriptions, grants and charging for our services. We maximize our donations by encouraging gift aiding whenever possible. We run a coffee morning every week in Pinhoe which is well-attended and provides a welcome opportunity for people to be together. Other fund-raising activities during the year included a recent revival of weekly jumble sales, draws, a fun day, and the 100 club, which is a small lottery. In all fundraising we are supported by our volunteers, currently totalling 55 people, and we have a loyal following and respect in the local community. Our membership stands at 74 members.
Risk Management
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Financial Review
The charity made a net cash loss in this 21/22 year of £6,657, compared with a cash surplus in the previous 20/21 year of £28,848. The exceptional positive cash flow in 20/21 had been bolstered by total grants of £59,521, much of which was covid related, and grants were much reduced in 21/22 to just £6,850. This was the main factor in the reduction of Total Receipts, to £117,823 in 21/22, compared with £137,717 in 20/21. Total expenditure rose to £124,480 in 21/22, compared with £108,869 in 20/21. None of this was surprising. In our annual report a year ago, we wrote that we “anticipated difficult trading conditions as the turnover and income from the charity shop had not recovered to pre pandemic levels, the costs of operating day care were higher due to the need for covid precautions, and the exceptional level of grant funding to help us through the pandemic was coming to an end.”
Total cash funds at 31[st] March 2022 were £35,493 – all held in unrestricted funds.
Investment assets showed an increase from £68,990 to £76,258.
Clyst Caring Friends financial position is secure, with good assets. However, we are not complacent about the negative cash flow and a priority for the charity going forward is to work harder to find external funding as well as continuing to develop our excellent funding stream from the charity shop and the many kind donors who support the charity.
Investment and Reserves Policy
At the year-end the charity’s cash reserves totalled £35,493. In addition, the charity held £76,258 in investment assets. There are no restrictions on the charity’s powers to invest.
During the year, the trustees evaluated whether they had sufficient funds to cover all their responsibilities. They concluded that allowing for potential redundancy payments, outstanding debts and employment cost liabilities, £40,000 was required to be set aside. This would allow for the charity to be wound up at three months’ notice, should that ever be necessary.
At the end of the year the trustees were aware that the Care challenges facing residents in our area are mounting with further pressure on the budget of the statutory providers and increased need for the voluntary and charity sector to provide Care and help people to live in their own homes, or return to their own homes after hospital treatment, as far as possible. We expect to increase our services, even if this increase in turnover challenges our cash flow. We are also mindful that after nearly 20 years, the fabric and fittings of the Day Centre are in some cases coming up for renewal. This does include some significant items. For these reasons we believe our reserves at the year-end were not excessive.
This report was approved by the trustees on and signed on their behalf by:
.................................................…………. Mr H Gent Chair of Trustees
3
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
CLYST CARING FRIENDS
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31[ST] March 2022, which are set out on pages 5 to 7.
Responsibilities and basis of report
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
Having satisfied myself that the accounts of the CIO are not required to be audited and are eligible for independent examination, I report in respect of my examination of the CIO’s accounts carried out under section 145 of the Act. In carrying out my examination I have followed all applicable 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 given me cause to believe that in any material respect:
-
accounting records were not kept as required by section 130 of the Act; or
-
the accounts do not accord with those records.
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.
Mr M Cronin MAAT FCIE MICB Bowhill Bookkeeping Services 172 Newman Road Exeter EX4 1PQ Date
4
CLYST CARING FRIENDS
RECEIPTS AND PAYMENTS ACCOUNT
YEAR ENDED 31[ST] MARCH 2022
| Note RECEIPTS Fundraising – including charity shop sales Day Centre/Car Service/EMI/Bathing Group income Donations Gift aid tax refunds Legacy Grants CJRS Furlough Grants (Covid 19) Meals Passenger Fares Coffee Mornings Subscriptions Lunch Club Bank Interest TOTAL RECEIPTS PAYMENTS Employment costs Drivers Mileage Payments Day Centre Costs Fundraising Rent Services Telephone Professional fees and insurance Fixtures, Fittings & Equipment Printing, Stationery and Postage Training & Recruitment Miscellaneous Hospitality Bank Charges TOTAL PAYMENTS NET RECEIPTS/(PAYMENTS) TRANSFERS BETWEEN FUNDS 3 CASH BALANCES BROUGHT FORWARD CASH BALANCES CARRIED FORWARD |
TOTAL TOTAL Unrestricted Restricted FUNDS FUNDS Funds Funds 2022 2021 £ £ £ £ 43,738 - 43,738 21,538 49,173 - 49,173 17,585 6,788 - 6,788 5,301 344 - 344 403 - - - 2,000 6,151 699 6,850 59,521 662 - 662 28,485 3,901 - 3,901 1,185 4,187 - 4,187 1,504 1,940 - 1,940 49 240 - 240 94 - - - 7 - - - 45 |
|---|---|
| 117,124 699 117,823 137,717 |
|
| 79,606 7,044 86,650 78,117 - 7,759 7,759 2,275 9,234 - 9,234 4,576 3,277 - 3,277 1,880 4,961 - 4,961 9,894 2,496 - 2,496 1,283 2,632 - 2,632 2,719 2,737 - 2,737 1,565 150 - 150 5,928 589 - 589 143 90 - 90 - 3,881 - 3,881 190 24 - 24 289 - - - 10 |
|
| 109,677 14,803 124,480 108,869 |
|
| 7,447 (14,104) (6,657) 28,848 (14,104) 14,104 - - |
|
| 42,150 - 42,150 13,302 |
|
| 35,493 - 35,493 42,150 |
5
CLYST CARING FRIENDS
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31[ST] MARCH 2022
| CASH FUNDS Bank Current account TOTAL CASH FUNDS OTHER MONETARY ASSETS HMRC Credit Gift Aid tax refunds TOTAL OTHER MONETARY ASSETS INVESTMENT ASSETS Fidelity Money Builder Fidelity Multi Asset Open Growth TOTAL INVESTMENT ASSETS LIABILITIES Rent Services (Electric & Gas) Independent examination fee TOTAL LIABILITIES |
Unrestricted Funds 2022 2021 £ £ 35,493 42,150 |
|---|---|
| 35,493 42,150 |
|
| 5,083 - - 184 |
|
| 5,083 184 |
|
| 44,274 38,756 31,984 30,234 |
|
| 76,258 68,990 |
|
| 2,480 - 337 - 650 600 3,467 600 |
ASSETS RETAINED FOR OWN USE
The charity holds various fixtures, fittings and equipment. These have an approximate value of £8,950 at the year-end.
These accounts were approved by the trustees on 2022 and signed on their behalf by:
.......................................................... Mr H Gent Chair of Trustees
6
CLYST CARING FRIENDS NOTES TO THE ACCOUNTS
YEAR ENDED 31[ST] MARCH 2022
1. ACCOUNTING POLICIES
Accounting Convention
The financial statements are prepared under the receipts and payments basis and comply with the Charities Act 2011 and follow best accounting practice as laid out in the SORP FRS 102.
2. TRUSTEES’ REMUNERATION AND EXPENSES
The trustees’ insurance included trustee indemnity insurance.
No remuneration, directly or indirectly, out of the funds of the charity was paid or is payable for the year to any of the trustees, or to any other person or persons known to be connected to any of them.
There were no trustee expenses paid for the year ended 31[ST] March 2022, nor for the year ended 31[st] March 2021.
There were no related party transactions during the year.
3. RESTRICTED FUNDS/TRANSFERS BETWEEN FUNDS
| Transfers | Fund | |||
|---|---|---|---|---|
| Receipts | Payments | Between | Balances | |
| Funds | C/Forward | |||
| £ | £ | £ | £ | |
| Car Service | 699 | (14,803) | 14,104 | - |
| _ | _ | _ | _ |
A grant from Devon County Council for £699 was given to the charity for its Car Service. Costs exceeded the grant given and a transfer of £14,104 was made from the unrestricted funds.
4.
CHARITY SHOP LEASE
A lease has been agreed with ‘The National Trust’ for the charity shop for the period 1[st] May 2020 to 30[th] April 2023 at a rent of £1,200. At the date of signing the accounts, no invoice had yet been raised by ‘The National Trust’ and no rent had therefore been paid by the charity.
5.
OUTSTANDING GUARANTEES
The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at the year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of the CIO.
7
CLYST CARING FRIENDS
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31[ST] MARCH 2022
CLYST CARING FRIENDS
YEAR ENDED 31[ST] MARCH 2022
CONTENTS
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees’ Annual Report | 2-3 |
| Independent Examiner’s Report | 4 |
| Receipts and Payments Account | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes to the Accounts | 7 |
CLYST CARING FRIENDS
LEGAL AND ADMINISTRATIVE INFORMATION
YEAR ENDED 31[ST] MARCH 2022
REGISTERED CHARITY NUMBER: 1172267
CURRENT TRUSTEES:
Mr H Gent (Chair) Mr R Thwaytes Mrs H Sansbury (Secretary) Mrs S Gaisford Dr M Hillier Mrs A Hurren
CO-OPTED MEMBERS:
REGISTERED OFFICE:
Mrs A Alford-Rukundo (Treasurer) Mrs C Traer (Co-ordinator, to 03.08.22) The Clyst Day Centre Hellings Gardens Broadclyst Exeter EX5 3EJ
INDEPENDENT EXAMINER:
Mr M Cronin MAAT FCIE MICB Bowhill Bookkeeping Services 172 Newman Road Exeter EX4 1PQ
INDEPENDENT FINANCIAL ADVISORS: Mr Clive Swiggs AFS Chartered Financial Planner Ashton Court Pynes Hill Exeter EX2 5AZ
1
CLYST CARING FRIENDS
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31[ST] MARCH 2022
The trustees present their report together with the financial statements of the charity for the year ended 31[st] March 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the Charity's constitution, applicable law and follow best accounting practice as laid out in the SORP FRS 102.
Structure, Governance and Management
Clyst Caring Friends was constituted as a CIO (Charitable Incorporated Organisation) and registered with the Charity Commission on 27[th] March 2017. Formerly, since November 1995 it had existed as an unincorporated association, before transferring its net assets to the CIO on 1[st] April 2017.
The charity is administered by a Management Committee, which at 31[st] March 2022 comprised of 6 trustees and 2 co-opted members.
The trustees and co-opted members who served during the year and up to the date the report was approved are as follows:
Dr C Clements (Chair to 15[th] July 2021) Mr H Gent (Vice Chair and then Chair from 15[th] July 2021) Mr R Thwaytes Mrs L Hitchcock (to 7[th] April 2021) Mr A Potter (to 15[th] July 2021) Mrs H Sansbury (Secretary) Mrs S Gaisford (from 15[th] July 2021) Dr M Hillier (from 15[th] July 2021) Mrs A Hurren (from 15[th] July 2021)
Mrs A Alford-Rukundo (Treasurer from 28[th] October 2021) Mr R Sercombe (Treasurer to 28[th] October 2021) Mrs C Traer (Co-ordinator to 3[rd] August 2022; replacement not yet appointed at time of report)
New trustees are appointed by the existing members.
Objectives and activities
The Charity’s objectives are as follows:
The relief of those who are unwell, infirm, elderly or with a disability or loneliness amongst the persons residing in the area covered by the Pinhoe and Broadclyst Medical Practice.
Public Benefit Statement
The trustees are satisfied that they have compiled with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their duties.
Achievements and performance
At the time of writing (September 2022) our long-serving Coordinator has recently resigned for health reasons, and we are expecting to appoint a successor, probably soon, in October. The Coordinator oversees the Day Centre Manager, the Office Manager, and the Charity Shop Manager, working alongside our Treasurer. The Day Centre at Broadclyst provides day care, currently three days per week, with about 12 clients catered for each day. The Office Manager oversees the volunteer operated car service which takes clients to day care and to medical appointments. The Charity Shop generates significant financial support, and provides a good route to re-use, or re- cycling, for unwanted items of all sorts, and is a social centre for Broadclyst village. The charity currently has 7 paid employees spread across the day centre, the shop, and the office, all part time.
2
CLYST CARING FRIENDS
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31[ST] MARCH 2022
Our income is raised by donations, subscriptions, grants and charging for our services. We maximize our donations by encouraging gift aiding whenever possible. We run a coffee morning every week in Pinhoe which is well-attended and provides a welcome opportunity for people to be together. Other fund-raising activities during the year included a recent revival of weekly jumble sales, draws, a fun day, and the 100 club, which is a small lottery. In all fundraising we are supported by our volunteers, currently totalling 55 people, and we have a loyal following and respect in the local community. Our membership stands at 74 members.
Risk Management
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Financial Review
The charity made a net cash loss in this 21/22 year of £6,657, compared with a cash surplus in the previous 20/21 year of £28,848. The exceptional positive cash flow in 20/21 had been bolstered by total grants of £59,521, much of which was covid related, and grants were much reduced in 21/22 to just £6,850. This was the main factor in the reduction of Total Receipts, to £117,823 in 21/22, compared with £137,717 in 20/21. Total expenditure rose to £124,480 in 21/22, compared with £108,869 in 20/21. None of this was surprising. In our annual report a year ago, we wrote that we “anticipated difficult trading conditions as the turnover and income from the charity shop had not recovered to pre pandemic levels, the costs of operating day care were higher due to the need for covid precautions, and the exceptional level of grant funding to help us through the pandemic was coming to an end.”
Total cash funds at 31[st] March 2022 were £35,493 – all held in unrestricted funds.
Investment assets showed an increase from £68,990 to £76,258.
Clyst Caring Friends financial position is secure, with good assets. However, we are not complacent about the negative cash flow and a priority for the charity going forward is to work harder to find external funding as well as continuing to develop our excellent funding stream from the charity shop and the many kind donors who support the charity.
Investment and Reserves Policy
At the year-end the charity’s cash reserves totalled £35,493. In addition, the charity held £76,258 in investment assets. There are no restrictions on the charity’s powers to invest.
During the year, the trustees evaluated whether they had sufficient funds to cover all their responsibilities. They concluded that allowing for potential redundancy payments, outstanding debts and employment cost liabilities, £40,000 was required to be set aside. This would allow for the charity to be wound up at three months’ notice, should that ever be necessary.
At the end of the year the trustees were aware that the Care challenges facing residents in our area are mounting with further pressure on the budget of the statutory providers and increased need for the voluntary and charity sector to provide Care and help people to live in their own homes, or return to their own homes after hospital treatment, as far as possible. We expect to increase our services, even if this increase in turnover challenges our cash flow. We are also mindful that after nearly 20 years, the fabric and fittings of the Day Centre are in some cases coming up for renewal. This does include some significant items. For these reasons we believe our reserves at the year-end were not excessive.
This report was approved by the trustees on and signed on their behalf by:
.................................................…………. Mr H Gent Chair of Trustees
3
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
CLYST CARING FRIENDS
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31[ST] March 2022, which are set out on pages 5 to 7.
Responsibilities and basis of report
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
Having satisfied myself that the accounts of the CIO are not required to be audited and are eligible for independent examination, I report in respect of my examination of the CIO’s accounts carried out under section 145 of the Act. In carrying out my examination I have followed all applicable 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 given me cause to believe that in any material respect:
-
accounting records were not kept as required by section 130 of the Act; or
-
the accounts do not accord with those records.
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.
Mr M Cronin MAAT FCIE MICB Bowhill Bookkeeping Services 172 Newman Road Exeter EX4 1PQ Date
4
CLYST CARING FRIENDS
RECEIPTS AND PAYMENTS ACCOUNT
YEAR ENDED 31[ST] MARCH 2022
| Note RECEIPTS Fundraising – including charity shop sales Day Centre/Car Service/EMI/Bathing Group income Donations Gift aid tax refunds Legacy Grants CJRS Furlough Grants (Covid 19) Meals Passenger Fares Coffee Mornings Subscriptions Lunch Club Bank Interest TOTAL RECEIPTS PAYMENTS Employment costs Drivers Mileage Payments Day Centre Costs Fundraising Rent Services Telephone Professional fees and insurance Fixtures, Fittings & Equipment Printing, Stationery and Postage Training & Recruitment Miscellaneous Hospitality Bank Charges TOTAL PAYMENTS NET RECEIPTS/(PAYMENTS) TRANSFERS BETWEEN FUNDS 3 CASH BALANCES BROUGHT FORWARD CASH BALANCES CARRIED FORWARD |
TOTAL TOTAL Unrestricted Restricted FUNDS FUNDS Funds Funds 2022 2021 £ £ £ £ 43,738 - 43,738 21,538 49,173 - 49,173 17,585 6,788 - 6,788 5,301 344 - 344 403 - - - 2,000 6,151 699 6,850 59,521 662 - 662 28,485 3,901 - 3,901 1,185 4,187 - 4,187 1,504 1,940 - 1,940 49 240 - 240 94 - - - 7 - - - 45 |
|---|---|
| 117,124 699 117,823 137,717 |
|
| 79,606 7,044 86,650 78,117 - 7,759 7,759 2,275 9,234 - 9,234 4,576 3,277 - 3,277 1,880 4,961 - 4,961 9,894 2,496 - 2,496 1,283 2,632 - 2,632 2,719 2,737 - 2,737 1,565 150 - 150 5,928 589 - 589 143 90 - 90 - 3,881 - 3,881 190 24 - 24 289 - - - 10 |
|
| 109,677 14,803 124,480 108,869 |
|
| 7,447 (14,104) (6,657) 28,848 (14,104) 14,104 - - |
|
| 42,150 - 42,150 13,302 |
|
| 35,493 - 35,493 42,150 |
5
CLYST CARING FRIENDS
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31[ST] MARCH 2022
| CASH FUNDS Bank Current account TOTAL CASH FUNDS OTHER MONETARY ASSETS HMRC Credit Gift Aid tax refunds TOTAL OTHER MONETARY ASSETS INVESTMENT ASSETS Fidelity Money Builder Fidelity Multi Asset Open Growth TOTAL INVESTMENT ASSETS LIABILITIES Rent Services (Electric & Gas) Independent examination fee TOTAL LIABILITIES |
Unrestricted Funds 2022 2021 £ £ 35,493 42,150 |
|---|---|
| 35,493 42,150 |
|
| 5,083 - - 184 |
|
| 5,083 184 |
|
| 44,274 38,756 31,984 30,234 |
|
| 76,258 68,990 |
|
| 2,480 - 337 - 650 600 3,467 600 |
ASSETS RETAINED FOR OWN USE
The charity holds various fixtures, fittings and equipment. These have an approximate value of £8,950 at the year-end.
These accounts were approved by the trustees on 2022 and signed on their behalf by:
.......................................................... Mr H Gent Chair of Trustees
6
CLYST CARING FRIENDS NOTES TO THE ACCOUNTS
YEAR ENDED 31[ST] MARCH 2022
1. ACCOUNTING POLICIES
Accounting Convention
The financial statements are prepared under the receipts and payments basis and comply with the Charities Act 2011 and follow best accounting practice as laid out in the SORP FRS 102.
2. TRUSTEES’ REMUNERATION AND EXPENSES
The trustees’ insurance included trustee indemnity insurance.
No remuneration, directly or indirectly, out of the funds of the charity was paid or is payable for the year to any of the trustees, or to any other person or persons known to be connected to any of them.
There were no trustee expenses paid for the year ended 31[ST] March 2022, nor for the year ended 31[st] March 2021.
There were no related party transactions during the year.
3. RESTRICTED FUNDS/TRANSFERS BETWEEN FUNDS
| Transfers | Fund | |||
|---|---|---|---|---|
| Receipts | Payments | Between | Balances | |
| Funds | C/Forward | |||
| £ | £ | £ | £ | |
| Car Service | 699 | (14,803) | 14,104 | - |
| _ | _ | _ | _ |
A grant from Devon County Council for £699 was given to the charity for its Car Service. Costs exceeded the grant given and a transfer of £14,104 was made from the unrestricted funds.
4.
CHARITY SHOP LEASE
A lease has been agreed with ‘The National Trust’ for the charity shop for the period 1[st] May 2020 to 30[th] April 2023 at a rent of £1,200. At the date of signing the accounts, no invoice had yet been raised by ‘The National Trust’ and no rent had therefore been paid by the charity.
5.
OUTSTANDING GUARANTEES
The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at the year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of the CIO.
7