REGISTERED COMPANY NUMBER: CE012533 (England and Wales) REGISTERED CHARITY NUMBER: 1176071
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
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for
Friends Of Tottington Library
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Anthony Marshall Ltd Chartered Accountants 70 Market Street Tottington Bury Greater Manchester BL8 3LJ
Friends Of Tottington Library
Contents of the Financial Statements for the Year Ended 31 March 2021
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Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 11
Detailed Statement of Financial Activities 12
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Friends Of Tottington Library
Report of the Trustees for the Year Ended 31 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 31 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).
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
CE012533 (England and Wales)
Registered Charity number
1176071
Registered office
Tottington Library Market Street Tottington BL8 3LL
Trustees
M Price J Barber A Watkiss C McManus S Burns M Cliffe P Neininger K Ashton C Hurst J Houldsworth
Company Secretary
Independent Examiner
Anthony Marshall Ltd Chartered Accountants 70 Market Street Tottington Bury Greater Manchester BL8 3LJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
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Friends Of Tottington Library
Report of the Trustees for the Year Ended 31 March 2021
.......................................................................... C McManus - Trustee
Page 2
Independent Examiner's Report to the Trustees of Friends Of Tottington Library
Independent examiner's report to the trustees of Friends Of Tottington Library ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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 matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 Marshall Anthony Marshall Ltd Chartered Accountants 70 Market Street Tottington Bury Greater Manchester BL8 3LJ
Date: .............................................
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Friends Of Tottington Library
Statement of Financial Activities for the Year Ended 31 March 2021
| 31.3.21 | 31.3.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 36,711 | 2,970 | 39,681 | 70,580 | ||
| EXPENDITURE ON | ||||||
| Raising funds | ||||||
| Raising donations and legacies Other |
2 | 45,032 45,032 - |
- - - |
45,032 45,032 - |
3,531 3,531 42,332 |
|
| Total | 45,032 | - | 45,032 | 45,863 | ||
| NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward |
(8,321) 57,529 |
2,970 - |
(5,351) 57,529 |
24,717 32,812 |
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| TOTAL FUNDS CARRIED FORWARD | 49,208 | 2,970 | 52,178 | 57,529 | ||
The notes form part of these financial statements
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Friends Of Tottington Library
Balance Sheet 31 March 2021
| 31.3.21 | 31.3.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 5 | 9,759 | 2,970 | 12,729 | 11,365 | |
| CURRENT ASSETS | ||||||
| Debtors | 6 | 727 | - | 727 | 698 | |
| Cash at bank and in hand CREDITORS Amounts falling due within one year |
7 | 38,723 39,450 (1) |
- - - |
38,723 39,450 (1) |
45,465 46,163 1 |
|
| NET CURRENT ASSETS | 39,449 | - | 39,449 | 46,164 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 49,208 | 2,970 | 52,178 | 57,529 | ||
| NET ASSETS | 49,208 | 2,970 | 52,178 | 57,529 | ||
| FUNDS Unrestricted funds Restricted funds |
8 | 49,208 2,970 |
57,529 - |
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| TOTAL FUNDS | 52,178 | 57,529 | ||||
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
The notes form part of these financial statements
continued...
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Friends Of Tottington Library
Balance Sheet - continued 31 March 2021
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 ............................................. and were signed on its behalf by:
............................................. C McManus - Trustee
The notes form part of these financial statements
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Friends Of Tottington Library
Notes to the Financial Statements for the Year Ended 31 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance Computer equipment - 33.3% straight line
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.
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Friends Of Tottington Library
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
2. RAISING DONATIONS AND LEGACIES
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|31.3.21|31.3.20|
|£|£|
|Support costs|45,032|3,531|
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3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
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|---|---|---|
|31.3.21|31.3.20|
|£|£|
|Depreciation - owned assets|4,269|2,741|
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4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
5. TANGIBLE FIXED ASSETS
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|Fixtures|
|and|Computer|
|fittings|equipment|Totals|
|£|£|£|
|COST|
|At 1 April 2020|5,622|10,854|16,476|
|Additions|5,633|-|5,633|
|At 31 March 2021|11,255|10,854|22,109|
|DEPRECIATION|
|At 1 April 2020|3,025|2,086|5,111|
|Charge for year|732|3,537|4,269|
|At 31 March 2021|3,757|5,623|9,380|
|NET BOOK VALUE|
|At 31 March 2021|7,498|5,231|12,729|
|At 31 March 2020|2,597|8,768|11,365|
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continued...
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Friends Of Tottington Library
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
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| 31.3.21 31.3.20 |
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| £ £ |
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| Prepayments and accrued income | 727 698 |
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| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 31.3.21 31.3.20 £ £ |
| 8. | MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds General Fund |
Net movement At At 1.4.20 in funds 31.3.21 £ £ £ 57,529 (8,321) 49,208 - 2,970 2,970 |
| TOTAL FUNDS | 57,529 (5,351) 52,178 |
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| Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds General Fund |
Incoming Resources Movement resources expended in funds £ £ £ 36,711 (45,032) (8,321) 2,970 - 2,970 |
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| TOTAL FUNDS | 39,681 (45,032) (5,351) |
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continued...
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Friends Of Tottington Library
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.4.19 | in funds | 31.3.20 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 32,812 TOTAL FUNDS 32,812 |
24,717 24,717 |
57,529 57,529 |
| Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 62,840 Restricted funds General Fund 7,740 |
Resources expended £ (38,123) (7,740) |
Movement in funds £ 24,717 - |
| TOTAL FUNDS 70,580 |
(45,863) | 24,717 |
| A current year 12 months and prior year 12 months combined position is as follows: At 1.4.19 £ Unrestricted funds General fund 32,812 |
Net movement in funds £ 16,396 |
At 31.3.21 £ 49,208 |
| Restricted funds | ||
| General Fund - |
2,970 | 2,970 |
| TOTAL FUNDS 32,812 |
19,366 | 52,178 |
continued...
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Friends Of Tottington Library
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
8. MOVEMENT IN FUNDS - continued
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 | 99,551 | (83,155) | 16,396 |
| Restricted funds General Fund |
10,710 | (7,740) | 2,970 |
| TOTAL FUNDS | 110,261 | (90,895) | 19,366 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
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Friends Of Tottington Library
| INCOME AND ENDOWMENTS Donations and legacies External funders Donations Rental income Fundraising Grants Total incoming resources EXPENDITURE Support costs Management Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Cleaning and waste Repairs and renewals Finance Plant and machinery Fixtures and fittings Computer equipment Information technology Computer costs Total resources expended Net (expenditure)/income |
Detailed Statement of Financial Activities for the Year Ended 31 March 2021 31.3.21 31.3.20 £ £ 3,287 17,302 2,845 9,277 8,175 27,525 374 16,476 25,000 - 39,681 70,580 39,681 70,580 1,191 6,609 4,886 2,525 5,981 7,999 1,447 69 345 1,040 2,849 5,924 1,753 1,081 20,466 16,813 38,918 42,060 3,538 - 732 866 - 1,875 4,270 2,741 1,844 1,062 45,032 45,863 (5,351) 24,717 |
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This page does not form part of the statutory financial statements
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