KELMARSH WINDFARM COMMUNITY BENEFIT
REGISTERED CHARITY No. 1177667
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
KELMARSH WINDFARM COMMUNITY BENEFIT
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LEGAL AND ADMINISTRATIVE INFORMATION
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| Trustees | Mr A Blake (Chairperson) |
|---|---|
| Mr D C Blencowe | |
| Mr S S Westaway (retired 15 February 2022) | |
| Mrs S Paybody | |
| Mrs B Messinger (Vice-Chairperson) | |
| Mr R Nicholson | |
| Mrs K E Swain (retired 29 September 2021) | |
| Mr I May | |
| Mr J Walsh (appointed 15 February 2022) | |
| Secretary | Mrs A Chapman |
| Charity No | 1177667 |
| Registered office and principal address | 3 Main Road |
| Kelmarsh | |
| Northamptonshire | |
| NN6 9LY | |
| Bankers | Santander UK plc |
| 60-64 High Street | |
| Kettering | |
| Northamptonshire | |
| NN16 8SA |
KELMARSH WINDFARM COMMUNITY BENEFIT
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ANNUAL REPORT YEAR ENDED 31 MARCH 2022
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The Trustees present their report and accounts as a charitable incorporated organisation (CIO) for the year ended 31 March 2022. This report is prepared in accordance with the charity constitution and the recommendations of the Statement of Recommended Practice — Accounting and Reporting by Charities and complies with applicable law.
Objects
The principal object of the charity is the promotion of any exclusively charitable purposes for the benefit of the community in the parishes of Clipston, Haselbech, Kelmarsh, and Naseby, in the county of Northamptonshire, and in particular: The advancement of education, the protection of good health, both mental and physical; and the relief of poverty.
Structure, Governance and Management
The CIO was established on 22 March 2018 and is regulated by a constitution.
Trustees
Details of the Trustees who have served during the year and since the year-end can be found on page 1.
Appointment of Trustees
The constitution’s regulations provide that the body of trustees when complete shall consist of eight persons residing in the parishes of Clipston, Haselbech, Kelmarsh, and Naseby, in the county of Northamptonshire. Where there is a requirement for new trustees, these would be identified and appointed through village parish meetings. The chair of trustees is responsible for the induction of any new trustee which involves awareness of a trustee’s responsibilities, the governing document, administrative procedures, the history and philosophical approach of the charity.
Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives, and in planning future activities.
Administration and Meetings
The charity has the services of a voluntary secretary to look after the day to day functions and arrange meetings of the Board of Trustees. The Trustees hold a minimum of four meetings each year.
Risk Management
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. There has been a global pandemic from the outbreak of Covid-19, the impact of which became significant in the UK in March 2020 and continued to cause widespread disruption to normal patterns of business and social activity in the UK and globally throughout the year under review. As a result of measures to combat the spread of the virus, the UK has imposed further countrywide lockdowns during the year, as well as local restrictions at other times, of entities including the Charity sector. The trustees are bound by government regulations as to how the Charity will operate in the future. The Trustees are mindful of the risks presented by the Covid-19 outbreak and have taken steps to mitigate these.
KELMARSH WINDFARM COMMUNITY BENEFIT
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ANNUAL REPORT YEAR ENDED 31 MARCH 2022
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Activities, Achievements and Plans for the future
During the year under review, the charity made grants totalling £37,488 compared to £67,767 last year, see note 2. These grants were given to assist individuals and institutions in the area of benefit in accordance with the objects of the charity. The total income for the period under review was £30,762 compared to £30,590 in the prior year.
A similar number of grants were made in the year compared to the prior one, which funded applications ranging from the restoration of a community garden to grants to allow young people to achieve their educational potential. We also updated our application documents, to make them more inviting and easier to complete. The trustees continued assisting through the Hardship Fund for those in need in our community due to the Covid-19 Pandemic, although the number of grant were smaller than in the prior year. The Charity achieved all of its future plans detailed in last years report.
The Trustees’ plans for the future involve:
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Making grants in the Charity’s area of benefit such that free reserves are reduced to the equivalent of one years’ expenditure
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Further simplifying the application process
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Updating the Charity’s web site
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Continuing the Hardship Fund, as long as it is deemed necessary
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Continuing to make grants to support young people with their education
Investment Powers
The trustees have a general power to invest the funds as if they were absolutely entitled to the trust fund conferred upon them by the Trustee Act 2000. The trustees do not currently hold any investments.
Financial Review
The statement of financial activities on page 6 shows net incoming resources for the year of £30,762. Grant income in the year was £30,385 and bank interest earned amounted to £377. Total resources expended amounted to £38,570 which included £37,488 of grant awards. There was a deficit during the year on the unrestricted fund of £7,808. This compared with a deficit in the prior year of £38,356. At the end of the year, the unrestricted fund stood at £31,283 represented by unrestricted current assets.
Reserves Policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the Charity, at a level which equates to approximately one year’s unrestricted expenditure. This provides sufficient funds to cover management, administration and support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained above this level throughout the year.
KELMARSH WINDFARM COMMUNITY BENEFIT
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ANNUAL REPORT YEAR ENDED 31 MARCH 2022
Trustees’ Responsibilities
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources for the charity for that period. In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities’ SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with applicable law, regulations and the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Advisers
The trustees wish to record their thanks to all of their professional advisers for their help and advice throughout the year.
On behalf of the board of trustees
Mr A Blake Chairman 3 May 2022
KELMARSH WINDFARM COMMUNITY BENEFIT
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ANNUAL REPORT YEAR ENDED 31 MARCH 2022
Independent Examiner’s Report to the Trustees of Kelmarsh Windfarm Community Benefit
I report on the accounts of the charity for the year ended 31[st] March 2021 which are set out on pages 6 to 10.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
A J Munton Leicester Charity Organisation Society 20A Millstone Lane Leicester LE1 5JN
3 May 2022
KELMARSH WINDFARM COMMUNTIY BENEFIT
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STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2022
| Incoming resources From generated funds Charitable activities: Grants Investment income: Interest Total incoming resources Resources expended Expenditure on: Charitable activity: Grants Support costs Governance costs Total resources expended Net income/(expenditure) Net movement in funds Reconciliation of funds: Fund balances brought forward as at 1 April 2021 Fund balances carried forward at 31 March 2022 |
Notes | Year ended 31 March 2022 Unrestricted Fund 30,385 377 30,762 37,488 562 520 38,570 (7,808) (7,808) 39,091 £31,283 |
Year ended 31 March 2021 Unrestricted Fund 30,105 485 |
|---|---|---|---|
| 2 3 3 |
|||
| 30,590 | |||
| 67,767 689 490 |
|||
| 68,946 | |||
| (38,356) (38,356) |
|||
| 77,447 £39,091 |
KELMARSH WINDFARM COMMUNTIY BENEFIT
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BALANCE SHEET AT 31 MARCH 2022
| Notes Current assets: Cash at bank and in hand Debtors 5 Total assets Current liabilities: Creditors: amounts falling due within one year 4 Net current assets Total assets less current liabilities Represented by: Unrestricted funds |
2022 38,850 263 39,113 (7,830) 31,283 31,283 £31,283 |
2021 57,691 338 |
2021 |
|---|---|---|---|
| 58,029 (18,938) |
|||
| 39,091 | |||
| 39,091 | |||
| £39,091 |
Approved by the Trustees on 3 May 2022 and signed on their behalf by:
MR A BLAKE - CHAIRMAN
KELMARSH WINDFARM COMMUNTIY BENEFIT
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NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022
1. Basis of preparation
The financial statements have been prepared on a going concern basis under the historical costs convention as modified by the revaluation of investments, with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these financial. statements. The financial statements are presented in sterling, which is the functional currency of the charity.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16th July 2014 (as updated through Update Bulletin 1 published on 2nd February 2016), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1st January 2015.
The charity has applied Update Bulletin 1 as published on 2nd February 2016 and does not included a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The charity constitutes a public benefit entity as defined by FRS 102.
Accounting policies
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
1.1 Recognition of income
Incoming resources are accounted for when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources, and the monetary value can be measured with sufficient reliability.
1.2 Income from interest and dividends
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
1.3 Investment gains and losses
Investments are stated at market value at the balance sheet date. Unrealised and realised investment gains and losses are shown net in the statement of financial activities and are calculated on the original purchase cost of the investment and not the 'transferred in' value.
1.4 Recognition of liabilities
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
1.5 Governance and support costs
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice (e.g. legal advice, trustee meetings, accounts).
Support costs are those that assist the work of the charity but do not directly represent charitable activities. These include central functions such as office costs.
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NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022
| 1.6 | Grants payable |
|---|---|
| Grants payable to third parties are within the charitable objectives. Where | |
| grants are offered, the full amount is accrued as soon as the recipient is | |
| notified of the grant, as this gives rise to a reasonable expectation that the | |
| recipient will receive the grant. | |
| 1.7 | Creditors |
| Creditors are recognised on the accruals basis at settlement amounts. | |
| 1.8 | Financial instruments |
| The charity applies the provisions of Sections 11 and 12 of FRS 102 to all of its | |
| financial instruments. Financial instruments are recognised in the financial | |
| statements when the charity becomes party to the contractual provisions of the | |
| instrument. Financial assets and liabilities are offset, with the net amounts | |
| presented in the financial statements, when there is a legally enforceable right | |
| to set off the recognised amounts and there is an intention to settle on a net | |
| basis or to realise the asset and settle the liability simultaneously. | |
| 1.9 | Investments |
| Investments are recognised initially at cost and subequently at fair value (their | |
| market value) at the year-end, with any changes in value recognised in 'Net | |
| gains/(losses) on investments' in the statement of financial activities if the | |
| shares are publicly traded or their value can otherwise be measured reliably. | |
| 1.10 | Debtors |
| Debtors are recognised at settlement amount after any amount advanced by | |
| the charity. Subsequently, they are measured at the cash or other consideration | |
| expected to be received. | |
| 1.11 | Current asset investments |
| Investments held for resale or pending their sale and cash equivalents are | |
| treated as current asset investments. These include cash on deposit and cash | |
| equivalents with a maturity date of less than one year held for investment | |
| purposes rather than to meet short term cash commitments as they fall due. | |
| They are valued at fair value except where they qualify as basic financial | |
| instruments. |
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NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022
| 2. Grants Grants paid: Security cameras for Haselbech Clipston Covid quilt Clipston Primary School Haselbech village notice board Naseby (very) Amateur Dramatic Society The Naseby Battlefield Project Kelmash Memorial Garden Friends of Haddon Fields Kelmarsh village defibrillator & emergency bleed kit Clipston village defibrillator parts Naseby FC defibrillator Kelmarsh Choir Friends of Naseby Play Area Waterloo Community Garden Guilsborough Academy - family support/laptops Clipston Tennis Club Naseby Good Neighbours Group Coronavirus Hardship Fund - help to individuals Educational awards The Bulls Head - vouchers for NHS nurses Marie Curie Clipston community Christmas tree Clipston village hall History of Haselbech (production of book) Haselbech - plants, shrubs, memorial benches Grants agreed but not paid at year-end: Naseby Village Hall kitchen upgrade Kelmash Memorial Garden Naseby book exchange Educational awards Security cameras for Haselbech Restoration of Clipston village green lamp History of Haselbech (production of book) Clipston Alms Houses Clipston Covid quilt |
2022 10,364 12 1,464 2,091 - - 419 1,028 819 840 1,734 4,843 - 2,350 - 880 - 1,300 1,800 - - - 1,488 - - 1,920 832 1,158 2,910 - (400) (364) - - £37,488 |
2021 - - 2,500 - 2,000 12,300 - - - - - - 3,208 - 2,500 - 500 6,979 - 2,250 5,000 350 2,174 4,904 4,654 - - - - 4,258 1,320 3,796 8,821 253 |
2021 |
|---|---|---|---|
| £67,767 |
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NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022
3. Support and governance costs
4.
5.
| Support costs: Web site development & maintenance Other costs Governance costs: Independent examiner's fees - Charity Link Creditors and accruals Trade creditors Accrued grants Debtors and prepayments Bank interest |
|
|---|---|
6. Trustees' remuneration and expenses
No remuneration or expenses have been paid to trustees during the year.