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2021-02-28-accounts

DocuSign Envelope ID: 9A006C44-2144-49AD-A9E6-8999F27B35BA

Sheriffhales and Community Renewable Energy Committee

Annual Statement

For the year ended 28[th] February 2021

DocuSign Envelope ID: 9A006C44-2144-49AD-A9E6-8999F27B35BA

Information

Charity Number 1176923 Chair P Bonsall Trustees Rev MW Shaw RW Maddocks L Gardner N Pulker N Jones P Kind SL Hodgson Address 46 Church Lane Sheriffhales Shifnal TF11 8RD

DocuSign Envelope ID: 9A006C44-2144-49AD-A9E6-8999F27B35BA

Sheriffhales and Communities Renewable Energy Committee

Trustees report for the year ended 28[th] February 2021

SaCREC is a Charity with the sole purpose of distributing excess profit arising from the sale of electricity generated from a 3.2Mw Solar Power project owned by the Sheriffhales Community Energy CIC and situated within the Parish of Sheriffhales.

The Charity was founded to represent a cross section of the Community from the Parish of Sheriffhales. Trustees represent the following sectors of the Community: -

Sheriffhales Village Hall Sheriffhales Parish Council Sheriffhales Church Sheriffhales Primary School Sheriffhales Farming Community Sheriffhales Parishioners Directors of the Sheriffhales CIC and Sheriffhales CBS who are involved in the management and running of the Solar Project.

The Charity website asks for new Trustees with a declaration in the Constitution of a maximum of 12 Trustees including Chair.

The Charity advertises through the Parish Magazine and through word of mouth for projects that are situated within the Parish of Sheriffhales and are seen to benefit the Parishioners of Sheriffhales.

The Charity sits 3 to 4 times per year to review projects and vote on whether funds are allocated to the project or not. Each project is submitted with full costings and a statement of how the project will benefit the Community of Sheriffhales. The project is then put to a vote and if a majority of Trustees vote in favour, the project is then noted as approved and funds allocated to the project.

The Charity pays funds by Cheque to the nominated Contractors employed to carry out the works for the nominated project after the works are complete.

The Charity pays for Clerk services as required for meetings, meeting minutes and works associated with managing projects.

The Charity received an income of £48,489 for the period to February 21. The source of income was two payments from the refinance of the Sheriffhales Solar Energy Community Interest Company (one payment deferred from 2020).

The Charity aims to distribute all funds received and keep a nominal sum for overheads in the Bank at all times.

The Charity opened the financial year 2020/121 with a cleared balance of £48,605.13 and ended the financial year with a cleared balance of £70,046.23. A sum of £48,489 was received from the Solar Project during the year. None of the income was project dependent. All funds were received on the basis that SaCREC would democratically decide on worthy causes in the Parish of Sheriffhales

DocuSign Envelope ID: 9A006C44-2144-49AD-A9E6-8999F27B35BA

Sheriffhales and Communities Renewable Energy Committee

Trustees report for the year ended 28[th] February 2021

There were a number of supported major projects during the financial year: -

Peter Bonsall

Chair, Sheriffhales and Community Renewable Energy Committee

DocuSign Envelope ID: 9A006C44-2144-49AD-A9E6-8999F27B35BA

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of Sheriffhales and Community Renewable Energy Committee On accounts for the year 28/2/2021 Charity no 1176923 ended (if any) Set out on pages TBC(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 28 / 02 / 2021 .

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts 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 I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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.

Signed:
Name:
Relevant professional
qualification(s) or body
(if any):
Address:
Date: 5/12/2022
Sam Reed
Institute of Chartered Accountants of Scotland
Burrow Cottage, Longcombe Cross, Totnes TQ9 6PL

Oct 2018

1

IER

DocuSign Envelope ID: 9A006C44-2144-49AD-A9E6-8999F27B35BA

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

2

IER

DocuSign Envelope ID: 9A006C44-2144-49AD-A9E6-8999F27B35BA

----- Start of picture text -----
Sheriffhales and Community Renewable Energy 1176923
Committee
Receipts and payments accounts CC16a
For the period 01/03/2020 28/02/2021
To
from
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Sheriffhales Solar CIC 48,489 - - 48,489 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
48,489 - - 48,489 -
AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 48,489 - - 48,489 -
A3 Payments
Community Support - Covid related 12,792 - - 12,792 -
Church Hall - Electrical works 4,187 - - 4,187 990
Primary School - Software and training 3,393 - - 3,393 -
Energy Efficiency - LED Lightbulbs 1,808 - - 1,808 1,306
Parish Magazine 500 - - 500 -
Clerk Services 2,685 - - 2,685 2,160
Travel 1,077 - - 1,077 74
Accountancy 570 - - 570 -
Website Development 850
Village Hall Extension 21,665
Sundry 139 - - 139 -
Sub total [ 27,151 ] - - 27,151 27,045
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 27,151 - - 27,151 27,045
Net of receipts/(payments) 21,338 - - 21,338 - 27,045
A5 Transfers between funds - - - - -
A6 Cash funds last year end 48,727 - - 48,727 -
Cash funds this year end 70,065 - - 70,065 - 27,045
----- End of picture text -----

CCXX R1 accounts (SS)

06/12/2022

1

DocuSign Envelope ID: 9A006C44-2144-49AD-A9E6-8999F27B35BA

Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
Details
Cash at Bank
Total cash funds
Details
Details
Details
Details
Signature
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
70,065
-
-
-
-
-
70,065
-
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
Peter Bonsall
Endowment
funds
to nearest £
-
-
-
-
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
13/12/22

CCXX R2 accounts (SS)

06/12/2022

2