## **Crucorney Environmental Charity**
**Charity No. 1183604**
**Trustees' Report and Unaudited Accounts**
**31 March 2021**
**Crucorney Environmental Charity Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Accounts|7 to 11|
|Detailed Statement of Financial Activities|12|
Page 1
**Crucorney Environmental Charity Trustees Annual Report**
The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2021.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1183604**
## **Trustees**
The following Trustees served during the year:
K.B. Davies A. Jackman
D.H. Jackman
## **Accountants**
Andersons Accountancy Services Ltd 10 The Cedars Llanfoist Abergavenny Monmouthshire NP7 9LX
## **OBJECTIVES AND ACTIVITIES**
The purpose of the charity as set out in its governing document is • To advance the promotion of the conservation, protection and improvement of the physical and natural environment in the Crucorney Area* for the benefit of the public by providing grants as the trustees see fit from time to time.
• To advance the education of people for the public benefit who live in the Crucorney Area* by making grants and awards as the trustees see fit from time to time. These grants and awards are limited to advancing education and knowledge for the public benefit in the following areas:
- the conservation, protection and improvement of the physical and natural environment
- the conservation of flora, fauna or the environment generally
- the conservation of a particular geographical area
- the conservation of a particular species
- the promotion of sustainable development and biodiversity
- the promotion of recycling and sustainable waste management
- research projects into the use of renewable energy sources
- The Crucorney Area is defined as the community wards under the administration of the Crucorney Community Council. These are: Bwlch Trewyn & Oldcastle; Forest & Ffwddog; Llanvihangel Crucorney; Lower Cwmyoy and Upper Cwmyoy.
Crucorney Environmental Charity was set up on 1 May 2019 to enable its half share of the proceeds of the photovoltaic panels on the roof of Pandy Village Hall to be used to benefit local environmental projects for the public benefit as described in its objectives above.
The trustees have had regard to the guidance issued by the Charity Commission on public benefit.
## **ACHIEVEMENTS AND PERFORMANCE**
During the year ending 31 March 2021 the charity made no grants
Page 2
**Crucorney Environmental Charity Trustees Annual Report**
## **FINANCIAL REVIEW**
Crucorney Environmental Charity is in a strong financial position and continues to receive its share of the income from the photovoltaic panels on the roof of Pandy Village Hall.
Crucorney Environmental Charity continues to hold this income in reserves, pending publication of its grant making policy and grant application form.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Crucorney Environmentail Charity is governed by its Constitution
Eligibility for trusteeship (a) Every charity trustee must be a natural person. (b) No individual may be appointed as a charity trustee of the CIO: • if he or she is under the age of 16 years; or • if he or she would automatically cease to hold office under the provisions of clause [12(1)(e
(c) No one is entitled to act as a charity trustee whether on appointment or on any re-appointment until he or she has expressly acknowledged, in whatever way the charity trustees decide, his or her acceptance of the office of charity trustee.
(d) At least one of the trustees of the CIO must be 18 years of age or over. If there is no trustee aged at least 18 years, the remaining trustees may only act to call a meeting of the charity trustees, or appoint a new charity trustee.
(e) All charity trustees must have lived on a full time basis in the Crucorney area (as defined in section 3) for at least 3 years before their appointment
1) Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
(2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
## **Statement of trustees' responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
K.B. Davies Trustee 22 June 2021
Page 3
**Crucorney Environmental Charity Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Crucorney Environmental Charity**
I report to the trustees on my examination of the accounts of Crucorney Environmental Charity for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity'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 examiner's statement**
I have completed my examination. I can 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:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the accounts do not accord with those records; or
- the accounts did 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.
Mary Anderson FCA/ ICAEW Andersons Accountancy Services Ltd 10 The Cedars Llanfoist Abergavenny Monmouthshire NP7 9LX 22 June 2021
Page 4
**Crucorney Environmental Charity Statement of Financial Activities**
## **for the year ended 31 March 2021**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Other trading activities
4
**Total**
**Expenditure on:**
Raising funds
5
Other
6
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricte**
**d funds**
**2021**
**£**
-
6,257|**Total funds**
**2021**
**£**
-
6,257|**Total funds**
**2020**
**£**
19,309
5,185|
|---|---|---|---|
||6,257
2,129
3,621|6,257
2,129
3,621|24,494
1,592
3,621|
||5,750
-|5,750
-|5,213
-|
||507
-|507
-|19,281
-|
||507|507|19,281|
||507
19,281|507
19,281|19,281
-|
||19,788|19,788|19,281|
Page 5
**Crucorney Environmental Charity Balance Sheet at 31 March 2021**
|**Charity No. 1183604**
**Fixed assets**
Tangible assets
8
**Current assets**
Debtors
9
Cash at bank and in hand
**Creditors:**Amount falling due within one year
10
**Net current assets**
**Total assets less current liabilities**
**Provisions for liabilities**
11
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
12
**Unrestricted funds**
12
General funds
**Reserves**
12
**Total funds**|**2021**
**£**
16,072
16,072
-
7,716
7,716
-
7,716
23,788
(4,000)
19,788
19,788
19,788
19,788
19,788|**2020**
**£**
17,693|
|---|---|---|
|||17,693
462
3,361|
|||3,823
(235)|
|||3,588
21,281
(2,000)|
|||19,281|
|||19,281|
|||19,281|
|||19,281|
|||19,281|
Approved by the trustees on 22 June 2021
And signed on their behalf by:
K.B. Davies Trustee 22 June 2021
Page 6
**Crucorney Environmental Charity Notes to the Accounts**
## **for the year ended 31 March 2021**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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 if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
**Crucorney Environmental Charity Notes to the Accounts**
## **Expenditure**
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities charitable activities and services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery 8.4% straight line
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 8
**Crucorney Environmental Charity Notes to the Accounts**
## 2 **Statement of Financial Activities - prior year**
|2
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Other trading activities
**Total**
**Expenditure on:**
Raising funds
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**
3
**Income from donations and legacies**
4
**Income from other trading activities**
Solar panel income
5
**Expenditure on raising funds**
_Fundraising trading costs_
Direct costs|**Unrestricted**
**£**
6,257|**Unrestricted**
**funds**
**2020**
**£**
19,309
5,185|**Total funds**
**2020**
**£**
19,309
5,185|
|||24,494
1,592
3,621|24,494
1,592
3,621|
|||5,213|5,213|
|||19,281|19,281|
|||19,281|19,281|
|||19,281|19,281|
|||19,281|19,281|
|||**Total**
**2021**
**£**
-|**Total**
**2020**
**£**
19,309|
|||-|19,309|
|||**Total**
**2021**
**£**
6,257|**Total**
**2020**
**£**
5,185|
||6,257|6,257|5,185|
||**Unrestricted**
**£**
2,129|**Total**
**2021**
**£**
2,129|**Total**
**2020**
**£**
1,592|
||2,129|2,129|1,592|
Page 9
**Crucorney Environmental Charity Notes to the Accounts**
## 6 **Other expenditure**
|Depreciation
Provision for repairs
7
**Staff costs**
No employee received emoluments in excess of £60,000.
8
**Tangible fixed assets**
**Cost or revaluation**
At 1 April 2020
At 31 March 2021
**Depreciation and**
**impairment**
At 1 April 2020
Depreciation charge for the
year
At 31 March 2021
**Net book values**
At 31 March 2021
At 31 March 2020
9
**Debtors**
Other debtors
10 **Creditors:**
amounts falling due within one year
Trade creditors
Accruals and deferred income|**Unrestricted**
**£**
1,621
2,000|**Total**
**2021**
**£**
1,621
2,000|**Total**
**2020**
**£**
1,621
2,000|
|---|---|---|---|
||3,621|3,621|3,621|
||**2021**
**£**
-||**Total**
**£**
19,314|
|||**Plant and**
**machinery**||
|||**£**
19,314||
|||19,314|19,314|
|||1,621
1,621|1,621
1,621|
|||3,242|3,242|
|||16,072|16,072|
|||17,693|17,693|
||||**2020**
**£**
462|
||-||462|
||**2021**
**£**
-
-||**2020**
**£**
230
5|
||-||235|
Page 10
**Crucorney Environmental Charity Notes to the Accounts**
## 11 **Provisions**
|At 1 April 2020
Movement for the year
At 31 March 2021
12 **Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Revaluation Reserves:**
**Total funds**
13 **Analysis of net assets between funds**
Fixed assets
Net current assets
Creditors due in more than one year and
provisions
14 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 April**
**2020**
19,281
19,281|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**|**Other**
**provisions**
**£**|**Total**
**£**
2,000
2,000|
|---|---|---|---|---|
||||2,000||
||||2,000||
||||4,000|4,000|
||||**Resources**
**expended**
**£**|**At 31**
**March**
**2021**
**£**
19,788|
|||6,257|(5,750)||
||||||
|||6,257|(5,750)|19,788|
|||**At 1 April**
**2020**
**£**|**Unrestricted**
**funds**
**£**
16,072
7,716
(4,000)|**Total**
**£**
16,072
7,716
(4,000)|
||||19,788|19,788|
||||**Cash flows**
**£**|**At 31**
**March**
**2021**
**£**|
|||3,361|4,355|7,716|
|||3,361|4,355|7,716|
|||3,361|4,355|7,716|
||||||
Page 11
**Crucorney Environmental Charity Detailed Statement of Financial Activities**
## **for the year ended 31 March 2021**
|**Income and endowments from:**
Donations and legacies
Other trading activities
Solar panel income
**Total income and endowments**
**Expenditure on:**
Costs of other trading activities
Direct costs
**Total of expenditure on raising**
**funds**
Other expenditure
Depreciation
Provision for repairs
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant and
machinery
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
-
-
6,257
6,257
6,257
2,129
2,129
2,129
1,621
2,000
3,621
-
3,621
5,750
-
507
507
-
507
19,281
19,788|**Total funds**
**2021**
**£**
-
-
6,257
6,257
6,257
2,129
2,129
2,129
1,621
2,000
3,621
-
3,621
5,750
-
507
507
-
507
19,281
19,788|**Total funds**
**2020**
**£**
19,309|
|---|---|---|---|
||||19,309|
||||5,185|
||||5,185|
||||24,494
1,592|
||||1,592|
||||1,592
1,621
2,000|
||||3,621|
||||-|
||||3,621|
||||5,213
-|
||||19,281|
||||19,281
-|
||||19,281|
||||-|
||||19,281|
Page 12