**CHARITY REGISTRATION NUMBER: 1175459**
## **Kirklands (Menston) Trust Unaudited Financial Statements**
**31 March 2021**
## **HOLLINGS CROWE STORR LLP**
Accountants 14 Beech Hill Otley West Yorkshire LS21 3AX
## **Kirklands (Menston) Trust**
## **Financial Statements**
## **Year ended 31 March 2021**
||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the trustees|**4**|
|Statement of financial activities|**5**|
|Statement of financial position|**6**|
|Notes to the financial statements|**7**|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|**15**|
## **Kirklands (Menston) Trust**
## **Trustees' Annual Report**
## **Year ended 31 March 2021**
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2021.
## **Reference and administrative details**
**Registered charity name** Kirklands (Menston) Trust **Charity registration number** 1175459 **Principal office** 119 Main Street Menston Ilkley LS29 6HT **The trustees** Mr F Ugboma (Appointed 15 October 2020) Mrs N Dunn (Appointed 15 October 2020) Mr P Griffin (Appointed 15 October 2020) Mrs N McMorn (Appointed 19 November 2020) Mrs T Tye (Appointed 15 October 2020) Mr M Aldred (Appointed 17 December 2020) Mr P Finlay Mr D I Watson (Resigned 31 October 2020) Mr D Smith Mr W Q C Mackenzie (Resigned 31 October 2020) Mr E Brundle Mr J Gadd Ms C Thornton Mr R Wightman **Independent examiner** Anthony Bradbury 14 Beech Hill Otley West Yorkshire LS21 3AX
## **Structure, governance and management**
Kirklands (Menston) Trust was established in October 2017 as a Charitable Incorporated Organisation to manage Kirklands Community Centre. In accordance with the Charities Act 2011 it has adopted a Charities Commission model constitution. The Trust is governed by a board of 10 Trustees made up of individuals from the local community. The Parish Council and the Menston Community Association have nominated representatives. There is a Chair and a Finance Sub Committee which oversees the finances and risk management for the organisation. Trustees meet monthly and make decisions in accordance with the constitution. There are two part time members of paid staff who run the day to day operations of the building, a Centre Manager and building custodian. The Centre Manager reports to the Chair of the Trustees and attends all trustees meetings.
**1**
## **Kirklands (Menston) Trust**
**Trustees' Annual Report** _**(continued)**_
## **Year ended 31 March 2021**
## **Objectives and activities**
To further or benefit the residents of Menston, West Yorkshire and the neighbourhood by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with objective of improving the conditions of life for the residents.
In furtherance of these objects the Trust has become the tenant of a lease signed in December 2018 in which Bradford Metropolitan District Council granted beneficial occupancy of Kirklands Community Centre to the Trust for 99 years. The main activities of the Trust are the management and Development of the Centre in the following uses: Public Hall Community Centre Children's day care and pre-school Bowling Club Library services Public Conveniences Permitted commercial activity
At all times,Trustees have had due regard to the Charity Commission guidance on public benefit.
## **Achievements and performance**
This, the third,year of the Trust's life, has been totally overshadowed by effects of the Covid Pandemic and the consequent governmental response to protect public health. Like all other similar public facilities, the Trust's premises have been closed to the Public for over half of the year (with the exception of the pre-school activity). Despite this, generous grant-aid and furlough arrangements for Staff (funded by Menston Parish Council and Her Majesty's Government via Bradford Council) have, together with careful cost-management by the Manager,enabled the Trust to remain liquid,solvent and profitable. The Trust has used its cash resources during this period of relative inactivity in two principal ways:- 1. to continue its Buildings Maintenance and Improvement programmes by committing to invest over £40,000 in the estate,including £20,000 for one energy-saving project 2. to offer periods of greatly reduced rentals to our long-term tenants in order to protect the long-term viability of their businesses.
This period has also been used to refresh the membership of the Trust. Two Trustees have retired, but the membership has increased by the appointment of six new Trustees with a good variety of experience and skills (and also blest with the gift of youth).
## **Financial review**
On professional advice, the Trust aims to maintain a minimum of three months' revenue expenses in cash.
**2**
## **Kirklands (Menston) Trust**
**Trustees' Annual Report** _**(continued)**_
# **Year ended 31 March 2021**
The trustees' annual report was approved on 30 July 2021 and signed on behalf of the board of trustees by:
Mr P Finlay Mr E Brundle Trustee Trustee
Mr R Wightman Trustee
**3**
## **Kirklands (Menston) Trust**
## **Independent Examiner's Report to the Trustees of Kirklands (Menston) Trust**
## **Year ended 31 March 2021**
I report to the trustees on my examination of the financial statements of Kirklands (Menston) Trust ('the charity') for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Anthony Bradbury Independent Examiner 14 Beech Hill Otley West Yorkshire LS21 3AX
30 July 2021
**4**
## **Kirklands (Menston) Trust**
## **Statement of Financial Activities**
## **Year ended 31 March 2021**
|||**2021**|**2021**|2020|
|---|---|---|---|---|
|||Unrestricted|||
|||funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**4**|103,749|103,749|33,886|
|Other trading activities|**5**|32,541|32,541|89,999|
|Other income|**6**|4,000|4,000|4,000|
|||``|``|``|
|**Total income**||140,290|140,290|127,885|
|||``|``|``|
|**Expenditure**|||||
|Expenditure on charitable activities|**7,8**|81,828|81,828|86,853|
|||``|``|``|
|**Total expenditure**||81,828|81,828|86,853|
|||``|``|``|
|||``|``|``|
|**Net income and net movement in funds**||58,462|58,462|41,032|
|||``|``|``|
|**Reconciliation of funds**|||||
|Total funds brought forward||149,616|149,616|108,584|
|||``|``|``|
|**Total funds carried forward**||208,078|208,078|149,616|
|||``|``|``|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 7 to 13 form part of these financial statements.**
**5**
## **Kirklands (Menston) Trust**
## **Statement of Financial Position**
## **31 March 2021**
|||**2021**|2020|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**13**|121,533|121,974|
|**Current assets**||||
|Debtors|**14**|10,090|12,595|
|Cash at bank and in hand||79,024|17,265|
|||``|``|
|||89,114|29,860|
|**Creditors: amounts falling due within one year**|**15**|2,569|2,218|
|||``|``|
|**Net current assets**||86,545|27,642|
|||``|``|
|**Total assets less current liabilities**||208,078|149,616|
|||``|``|
|**Net assets**||208,078|149,616|
|||``|``|
|**Funds of the charity**||||
|Unrestricted funds||208,078|149,616|
|||``|``|
|**Total charity funds**|**16**|208,078
``|149,616
``|
These financial statements were approved by the board of trustees and authorised for issue on 30 July 2021, and are signed on behalf of the board by:
Mr P Finlay Trustee
Mr E Brundle Trustee
Mr R Wightman Trustee
**The notes on pages 7 to 13 form part of these financial statements.**
**6**
**Kirklands (Menston) Trust**
## **Notes to the Financial Statements**
## **Year ended 31 March 2021**
## **1. General information**
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 16 Main Street, Menston, Ilkley, LS29 6HT.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Disclosure exemptions**
No cash flow statement has been presented for the company.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
**7**
## **Kirklands (Menston) Trust**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2021**
## **3. Accounting policies** _**(continued)**_
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Tangible assets**
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
**8**
**Kirklands (Menston) Trust**
**Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2021**
## **3. Accounting policies** _**(continued)**_
## **Tangible assets** _**(continued)**_
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
- 4% straight line
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
**9**
**Notes to the Financial Statements** _**(continued)**_
## **Kirklands (Menston) Trust**
## **Year ended 31 March 2021**
## **3. Accounting policies** _**(continued)**_
## **Financial instruments** _**(continued)**_
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## **4. Donations and legacies**
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||**Grants**|||||
||Grants receivable|103,749|103,749|33,886|33,886|
|||``|``|``|``|
|**5.**|**Other trading activities**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||Room hire and event income|14,469|14,469|79,548|79,548|
||Sundry income|18,072|18,072|10,451|10,451|
|||``|``|``|``|
|||32,541|32,541|89,999|89,999|
|||``|``|``|``|
|**6.**|**Other income**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||Ground rent|4,000|4,000|4,000|4,000|
|||``|``|``|``|
|**7.**|**Expenditure on charitable activities**|**by fund type**||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||Employment costs|34,925|34,925|33,194|33,194|
||Establishment costs|28,035|28,035|32,469|32,469|
||Office expenses|3,732|3,732|8,667|8,667|
||Support costs|15,136|15,136|12,523|12,523|
|||``|``|``|``|
|||81,828|81,828|86,853|86,853|
|||``|``|``|``|
**10**
## **Kirklands (Menston) Trust**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2021**
## **8. Expenditure on charitable activities by activity type**
||Activities||||
|---|---|---|---|---|
||undertaken||**Total funds**|Total fund|
||directly|Support costs|**2021**|2020|
||£|£|**£**|£|
|Employment costs|34,925|–|34,925|33,382|
|Establishment costs|28,035|–|28,035|32,469|
|Office expenses|3,732|–|3,732|8,667|
|Accountancy and payroll fees|–|1,489|1,489|1,301|
|Legal and professional costs|–|8,387|8,387|6,863|
|Depreciation|–|5,260|5,260|4,171|
||``|``|``|``|
||66,692|15,136|81,828|86,853|
||``|``|``|``|
## **9. Net income**
Net income is stated after charging/(crediting):
||Net income is stated after charging/(crediting):|||
|---|---|---|---|
|||**2021**|2020|
|||**£**|£|
||Depreciation of tangible fixed assets|5,260|4,171|
|||``|``|
|**10.**|**Independent examination fees**|||
|||**2021**|2020|
|||**£**|£|
||Fees payable to the independent examiner for:|||
||Independent examination of the financial statements|655|636|
|||``|``|
## **11. Staff costs**
|The total staff costs and employee benefits for the reporting period are analysed as|The total staff costs and employee benefits for the reporting period are analysed as|follows:|
|---|---|---|
||**2021**|2020|
||**£**|£|
|Wages and salaries|34,723|32,950|
|Employer contributions to pension plans|202|244|
||``|``|
||34,925|33,194|
||``|``|
The average head count of employees during the year was 3 (2020: 3).
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
## **12. Trustee remuneration and expenses**
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
**11**
**Notes to the Financial Statements** _**(continued)**_
## **Kirklands (Menston) Trust**
## **Year ended 31 March 2021**
## **13. Tangible fixed assets**
||||**Freehold**|
|---|---|---|---|
||||**property**|
||||**£**|
||**Cost**|||
||At 1 April 2020||129,609|
||Additions||4,819|
||||``|
||**At 31 March 2021**||134,428|
||||``|
||**Depreciation**|||
||At 1 April 2020||7,635|
||Charge for the year||5,260|
||||``|
||**At 31 March 2021**||12,895|
||||``|
||**Carrying amount**|||
||**At 31 March 2021**||121,533|
||||``|
||At 31 March 2020||121,974|
||||``|
|**14.**|**Debtors**|||
|||**2021**|2020|
|||**£**|£|
||Trade debtors|10,090|12,595|
|||``|``|
|**15.**|**Creditors:** **amounts falling due within one year**|||
|||**2021**|2020|
|||**£**|£|
||Trade creditors|335|467|
||Accruals and deferred income|1,606|1,736|
||Social security and other taxes|613|–|
||Other creditors|15|15|
|||``|``|
|||2,569|2,218|
|||``|``|
**12**
## **Kirklands (Menston) Trust**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2021**
## **16. Analysis of charitable funds**
## **Unrestricted funds**
|**Unrestricted funds**||||||
|---|---|---|---|---|---|
||||||**At**|
|||At||**31**|**March 202**|
||1|April 2020|Income|Expenditure|**1**|
|||£|£|£|£|
|General funds||149,616|140,290|(81,828)|208,078|
|||``|``|``|``|
||||||At|
|||At||31|March 202|
||1|April 2019|Income|Expenditure|0|
|||£|£|£|£|
|General funds||108,584|127,885|(86,853)|149,616|
|||``|``|``|``|
**13**
**Kirklands (Menston) Trust**
**Year ended 31 March 2021**
## **Management Information**
**The following pages do not form part of the financial statements.**
**14**
## **Kirklands (Menston) Trust**
## **Detailed Statement of Financial Activities**
## **Year ended 31 March 2021**
||**2021**|2020|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Grants receivable|103,749|33,886|
||``|``|
|**Other trading activities**|||
|Room hire and event income|14,469|79,548|
|Sundry income|18,072|10,451|
||``|``|
||32,541|89,999|
||``|``|
|**Other income**|||
|Ground rent|4,000|4,000|
||``|``|
||``|``|
|**Total income**|140,290|127,885|
||``|``|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Wages and salaries|34,723|32,950|
|Pension costs|202|244|
|Rates and water|2,570|6,016|
|Light and heat|8,568|13,142|
|Repairs and maintenance|16,897|13,311|
|Insurance|1,917|2,023|
|Other establishment|862|5,518|
|Legal and professional fees|3,289|3,324|
|Telephone|596|577|
|Other office costs|6,109|4,449|
|Depreciation|5,260|4,171|
|Printing stationery and advertising|835|1,128|
||``|``|
||81,828|86,853|
||``|``|
||``|``|
|**Total expenditure**|81,828|86,853|
||``|``|
||``|``|
|**Net income**|58,462|41,032|
||``|``|
**15**