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Filename: The Alston Charity - YE 30.06.2021 draft.pdf
Client of: Aston Shaw Limited
Signature Details
Name: Mary Isabel Jane Foster
Email: mary_foster@live.co.uk
Date & Time: 01/03/2022 13:11:48 (GMT)
IP Address: 217.42.65.79
Mary Isabel Jane Foster confirms that the information is
Signing Statement: correct and complete to the best of their knowledge and
belief.
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REGISTERED CHARITY NUMBER: 1174342
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 30th June 2021
for
The Alston Charity
Aston Shaw Accountants Alpha 6, Masterlord Office West Road Ransomes Europark Ipswich Suffolk IP3 9SX
The Alston Charity Contents of the Financial Statements For The Year Ended 30th June 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 7 |
| Detailed Statement of Financial Activities | 8 |
Report of the Trustees For The Year Ended 30th June 2020
The trustees present their report with the financial statements of the charity for the year ended 30th June 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).
The Charity in 2022 has about £600,000 of assets, invested in CCLA funds returning in the region of 2% pa, yielding us about £12,000 to give to worthy causes. There are certain charities to which we give regularly, about £2k each, each year, plus a number of smaller donations on a one off basis.
In 21/22 we considered the music industry was very hard hit by the Pandemic, and so we gave small sums to various musical charities.
We are also now able to consider major capital projects and we have made a tentative offer to our local church for renovation and renewal of its fabric. This is under discussion at present. We maintain a list of donations.
The Long Term: We hope that by the time the current trustees die the assets will have risen in value through investments and donations. As our current figure increases it is important to structure a policy of our aims as a guide to the trustees, present and those who follow us.
The three trustees are members of four London liveries; the ethos of all liveries is charity, education and fellowship. This seems to us a sensible ethos for us also to adopt. We are limited to giving to other charities at present.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1174342
Principal address
The Cedars Brockford Stowmarket Suffolk IP14 5PQ
Trustees
Mr A J Alston Mrs J C Packard Mrs M I J Foster
Approved by order of the board of trustees on …………...and signed on its behalf by:
Mrs M I J Foster:
The notes form part of these financial statements
Page 3
The Alston Charity Statement of Financial Activities For The Year Ended 30th June 2021
| The Alston Charity Statement of Financial Activities For The Year Ended 30th June 2021 |
|||
|---|---|---|---|
| 30/6/21 | 30/6/20 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | - | 250,000 | |
| Investment income | 2 | 16,172 | 10,834 |
| Gain on investments | 94,384 | ||
| Total | 110,557 | 260,834 | |
| EXPENDITURE ON | |||
| Raising funds | 3 | - | 50 |
| Other | 8,704 | 3,338 | |
| Total | 8,704 | 3,388 | |
| Net gains/(losses) on investments | - | (319) | |
| NET INCOME | 101,852 | 257,127 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 507,968 | 250,841 | |
| TOTAL FUNDS CARRIED FORWARD | 609,820 | 507,968 |
The notes form part of these financial statements
Page 2
The Alston Charity Balance Sheet 30th June 2021
| FIXED ASSETS Investments Notes Investments 6 -Social investments 7 CURRENT ASSETS Debtors 8 Cash at bank CREDITORS Amounts falling due within one year NET CURRENT ASSETS 9 TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
30/6/21 Unrestricted fund £ - 594,384 594,384 - 16,817 (900) 609,851 15,917 609,851 609,851 609,851 |
30/6/20 Total funds £ - 500,000 500,000 - 8,898 8,898 (930) 507,968 7,968 507,968 507,968 507,968 |
||
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ……………and were signed on its behalf by:
Mrs M I J Foster - Trustee
The notes form part of these financial statements
Page 3
The Alston Charity
Notes to the Financial Statements
For The Year Ended 30th June 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
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.
Taxation
The charity is exempt from 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. INVESTMENT INCOME
3.
| 30/6/21 | 30/6/20 | |
|---|---|---|
| £ | £ | |
| 16,172 | 10,831 | |
| Other fixed asset invest - FII Deposit account interest |
- | 3 |
| 10,834 | 10,834 | |
| RAISING FUNDS | ||
| Investment management costs | ||
| 30/6/21 | 30/6/20 | |
| £ | £ | |
| Investment advice | - | 50 |
Page 4
continued...
The Alston Charity
Notes to the Financial Statements - continued For The Year Ended 30th June 2021 4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th June 2021 nor for the year ended 30th June 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30th June 2021 nor for the year ended30th June 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricte | ||
|---|---|---|
| d fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 250,000 | |
| Investment income | 10,834 | |
| EXPENDITURE ON | ||
| Raising funds | 50 | |
| Other | 3,338 | |
| Total | 3,388 | |
| Net gains on investments | 319 | |
| NET INCOME | 257,127 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 250,841 | |
| TOTAL FUNDS CARRIED FORWARD | 507,968 | |
| 6. | FIXED ASSET INVESTMENTS |
There were no investment assets outside the UK.
Page 5
continued...
The Alston Charity
Notes to the Financial Statements - continued For The Year Ended 30th June 2021
| Notes to the Financial Statements - continued For The Year Ended 30th June 2021 |
|
|---|---|
| 7. SOCIAL INVESTMENTS MARKET VALUE Unrealised gains NET BOOK VALUE At 30th June 2020 At 30th June 2021 8. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 30/6/21 £ Other debtors - 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30/6/21 £ Other creditors 900 |
Other investments £ 94,384 500,000 |
| 594,384 | |
| 30/6/20 £ - 30/6/20 £ 930 |
Page 6
continued...
The Alston Charity
Notes to the Financial Statements - continued For The Year Ended 30th June 2021
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS |
At 1.7.20 Net Movement in funds At 30.6.21 £ £ £ 507,968 101,853 609,851 |
|---|---|
| 507,968 101,853 609,851 |
Net movement in funds, included in the above are as follows
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources Resources expended Gains and losses Movement in funds £ £ £ £ 110,557 (8,704) (-) 101,853 |
|---|---|
| 110,557 (8,704) (-) 101,853 |
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.7.19 Net Movement in funds At 30.6.20 £ £ £ 250,841 257,127 507,968 |
|---|---|
| 250,841 257,127 507,968 |
Comparative net movement in funds, included in the above are as follows
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources Resources expended Gains and losses Movement in funds £ £ £ £ 260,834 (3,388) (319) 257,127 |
|---|---|
| 260,834 (3,388) (319) 257,127 |
Page 7
The Alston Charity
Detailed Statement of Financial Activities
For The Year Ended 30th June 2021
| Detailed Statement of Financial Activities For The Year Ended 30th June 2021 |
||
|---|---|---|
| 30/6/21 | 30/6/20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies Donations |
- | 250,000 |
| Investment income Other fixed asset invest - FII |
16,172 | 10,831 |
| Deposit account interest | - | 3 |
| 16,172 | 10,834 | |
| Total incoming resources | 16,172 | 260,834 |
| EXPENDITURE | ||
| Investment management costs | ||
| Investment advice | - | 50 |
| Support costs | ||
| Management | ||
| Website charges | 12 | 12 |
| Donations made | 8,165 | 2,800 |
| 8,177 | 2,812 | |
| Finance | ||
| Bank charges | 77 | 76 |
| Governance costs | ||
| Accountancy and legal fees | 450 | 450 |
| Total resources expended | 8,704 | 3,338 |
| Net income before gains and losses | 7,468 | 257,496 |
| Realised recognised gains and losses | - | - |
| Realised gains/(losses) on fixed asset investments | - | (319) |
| Unrealised gains on fixed asset investments | 94,384 | |
| Net income | 101,853 | 257,127 |
This page does not form part of the statutory financial statements
Page 8