OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Charity Registration No. 1175981

MIRFIELD AND DISTRICT ROUND TABLE

TRUSTEES' REPORT AND UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

MIRFIELD AND DISTRICT ROUND TABLE

CONTENTS

Page
Trustees' report 1 - 2
Independent examiners' report 3
Statement of financial activities 4
Balance sheet 5
Notes to the accounts 6 – 7
Detailed statement of financial activities 8

MIRFIELD AND DISTRICT ROUND TABLE

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their report and accounts for the year ended 31 March 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charitable incorporated organisations governing document, and the Charities Act 2011.

Structure, governance and management

The charitable incorporated organisation is a registered Charity.

Board of Trustees Joseph Scott Matthew Evans – appointed 8 April 2022 Paul Martin-Chambers – appointed 8 April 2022 Karl Ashford – appointed 19 April 2021, resigned 8 April 2022 Paul Kendall – resigned 8 April 2022 Charity Number 1175981 Reporting Accountants TaxAssist Accountants 1[st] Floor, Midland House 77 Huddersfield Road Mirfield WF14 8BL

Objectives and Activities

Mirfield & District Round Table exists to further such purposes that are exclusively charitable under the laws of England & Wales, in Mirfield, Great Britain or elsewhere in the world as the trustees decide following a meeting of the members, particularly by the provision of grants of funds to charities or other organisations or individuals to further charitable purposes. The trustees believe that all the grants made have complied with the Charity Commission’s guidance on public benefit.

Funds were raised primarily through two events, a beer festival held at St Peter’s Church in Mirfield in July, and a bonfire and fireworks display held on Mirfield Showground in November. Both were at or near record nett takings, thanks to the efforts of the Round Table and volunteer helpers, weather that was complimentary to the event and the generosity of the public at large. This meant that the fundraising in 2022-23 was significantly better than expected.

Achievements and Performance

In 2022-23, Mirfield & District Round Table approved grants to support amateur sports in and around Mirfield, to provide equipment for local Scout groups and cadets, to beautify Mirfield town centre, to support a volunteer emergency rescue organisation and to assist local churches in their mission to support the lonely and vulnerable in local communities.

Financial Review

At 31 March 2023, the charity held £23,034.51 in reserves. It is the trustee’s long-standing policy to have enough reserves to cover the expenses of the next two events, and due to the increased cost of events, is looking to gradually increase the charity’s reserves while still disbursing funds to meet local needs.

The trustees are also keen to hold a small reserve against the necessity of providing immediate aid to further the charity’s aims and objectives.

There are no funds materially in deficit and the charity’s position to continue as a going concern is sound.

-1-

MIRFIELD AND DISTRICT ROUND TABLE

TRUSTEES' REPORT (cont’d)

FOR THE YEAR ENDED 31 MARCH 2023

Structure, Governance and Management

Mirfield & District Round Table is constituted as a CIO and governed by an Association that was registered on 28 November 2017. Trustees are elected from the membership of Mirfield & District Round Table by the membership thereof.

Signed, on behalf of the board of trustees.

………………………………………….. Trustee

29th January 2024 ……………………….. Date

Joseph Scott

-2-

MIRFIELD AND DISTRICT ROUND TABLE INDEPENDENT EXAMINER'S REpoirr TO THE TRUSTEES OF MIRFIELD AND DISTRICT ROUND TABLE I report to IholnJsl•es on my oftr• kth• •tMth•ity fth• Trt￿) fix th• y•4r wKl8d 31 Morth 2023. R￿n￿bIlItIa¥ ba•1• of r•port Ac42011 ffvA¢ri. I repNt In wp8d of my èxarnlnati￿ olth• Trust's carmd CArt undw secth)n 145 of lh• 2011 Acl and Sn corrylng ou¢ my exan￿na1￿)￿, I have all Ihe a￿r#￿t￿e OnctJns giirni ty the Chthrity Cornm￿0n uThl •edcffi 145(5llbl of tho AL I hove ¢omplet•d my fjxwrdnalky). I confimi Ihat no m8l¢rfal mattws ha¥ lo my4tt¢nlk)n In ￿￿tiction wlth the examlnalion mo to b8lknbth•t In. •ry Mate￿ re8rt'. tho aw)unllro r8cKd8 w•rn kept kn aDXKd8￿ lth 801k￿ 130 ofth• IA%. or tho acc4Junts dkl not wlth th• K£¢yJnYts3 rKtyth". tho 4¢uunts dld notcomptywrth tha a￿￿￿tIO r8quiremonts (£¥Thmlng th• knn ￿ntaNt ofccounts ••1 out In tho Chlll•s {Ac>Jr￿s R•porttsl Ro94dalhyo 2C#)8 oth•r than any r•qulrnm•nt that th• unts Is ncrf a Matt•[￿d0[0d 8spartof4n Indwdant èxamlnthn. Ihould b• drawn In reptyt th tydw to thid•rslarMlrq ofth8 ￿)UnIS to b• r•achod. Ta¥A8818t AettsJnt4nl8 111 Flcor. Mldland HtyJ•e 77 Huddernfigbj Rood Mlrfiekl l•tyF14 88L .£

MIRFIELD AND DISTRICT ROUND TABLE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
Notes
£
£
Incoming resources from generated funds
Donations received
2
46,847
-
Total incoming resources
46,847
-
Resources expended
Charitable activities
Charitable activities expenditure
40,635
-
Other resources expended
2,137
-
Total resources expended
42,772
-
Net movement in funds
3,715
-
Fund balances at 1 April 2022
19,320
-
Fund balances at 31 March 2023
23,035
-		 Total
2023
£
46,847
46,847
40,635
2,137
42,772
3,715
19,320
23,035		 Total
2022
£
17,907
17,907
13,775
753
14,528
3,379
15,941
19,320

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

-4-

MIRFIELD AND DISTRICT ROUND TABLE

BALANCE SHEET

AS AT 31 MARCH 2023

Notes
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within
one year
4
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
Unrestricted funds		 2023
£
£
1,500
26,321
27,821
(4,786)
23,035
23,035
-
23,035
23,035		 2022
£
£
1,500
21,825
23,325
(4,005)
19,320
19,320
-
19,320
19,320		 2022
£
£
1,500
21,825
23,325
(4,005)
19,320
19,320
-
19,320
19,320
19,320
-
19,320
19,320

29th January 2024

The accounts were approved by the Board on ……………………..

……………………….. Trustee

Joseph Scott

-5-

MIRFIELD AND DISTRICT ROUND TABLE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

1.1 Basis of preparation

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

1.2 Incoming resources

Recognition of incoming resources

These are included in the Statement of Financial Activities (SoFA) when:

Incoming resources with related expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA.

Grants and donations

Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

Gifts in kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable.

Donated services and facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

Investment income

This is included in the accounts when receivable.

1.3 Expenditure and liabilities

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

1.4 Assets

Tangible fixed assets for use by the charity

These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt.

-6-

MIRFIELD AND DISTRICT ROUND TABLE

NOTES TO THE ACCOUNTS (CONT’D)

FOR THE YEAR ENDED 31 MARCH 2023

1.4 Assets (cont’d) Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

2 Activities for generating funds

Sponsorship
Entrance fees, stall rentals & sundry sales
Other income		 2023
£
2,050
44,187
250
46,487		 2022
£
-
17,872
35
17,907

3 Trustees

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 or the period ended 31 March 2022.

4 Creditors: amounts falling due within one year

Trade creditors
Donations provision
Accruals		 2023
£
1,819
2,445
522
4,786		 2022
£
450
3,105
450
4,005

-7-

MIRFIELD AND DISTRICT ROUND TABLE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2023

INCOMING RESOURCES
Incoming resources from charitable activities
Sponsorship
Entrance fees
Other income
Total incoming resources
Resources expended
Charitable activities
Donations agreed
Marketing
Venue / bar hire
Equipment hire
Skip hire
Consumables & drinks for resale
First aid
Security
Storage costs
Community event expenses
Other expenses
Support costs
Management
Accountancy
Administration
Insurance
Staff food
Total resources expended
Net (loss) / income for the year		 2023
£
2,050
44,187
250
46,487
46,487
13,415
773
2,175
8,134
280
8,705
-
3,229
1,670
150
2,104
40,635
522
308
650
657
2,137
42,772
3,715		 2022
£
-
17,872
35
17,907
17,907
5,690
-
-
1,116
250
716
700
1,824
1,664
1,330
485
13,775
450
-
238
65
753
14,5283
3,379

-8-