2023-03-31-accounts - Crucorney Environmental Charity

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DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128

Crucorney Environmental Charity

Charity No. 1183604

Trustees' Report and Unaudited Accounts

31 March 2023

DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128 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 12
Detailed Statement of Financial Activities	13 to 14

Page 1

DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128 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 2023.

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

Page 2

DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128

Crucorney Environmental Charity

Trustees Annual Report

During the year ending 31 March 2023 the charity made no grants

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 26 October 2023

Page 3

DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128 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 financial statements of Crucorney Environmental Charity for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements 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 financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.

Mary Anderson FCA/ICAEW Andersons Accountancy Services Ltd 10 The Cedars Llanfoist Abergavenny Monmouthshire NP7 9LX 26 October 2023

Page 4

DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128 Crucorney Environmental Charity Statement of Financial Activities

for the year ended 31 March 2023

Unrestricted funds	Total funds	Total funds
2023	2023	2022
£	£	£

1,647	1,647	4,064
1	1	-
1,648	1,648	4,064

823	823	2,032
950	950	540
1,621	1,621	1,621
3,394	3,394	4,193
-	-	-
(1,746)	(1,746)	(129)
-	-	-
(1,746)	(1,746)	(129)

(1,746)	(1,746)	(129)

19,659	19,659	19,788
17,913	17,913	19,659

Page 5

DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128

Crucorney Environmental Charity

Balance Sheet

at 31 March 2023

Charity No. 1183604 Fixed assets Tangible assets 10 Current assets Cash at bank and in hand 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 Approved by the trustees on 26 October 2023	2023 £ 12,830 12,830 9,083 9,083 9,083 21,913 (4,000) 17,913 17,913 17,913 17,913 17,913	2022 £ 14,451
		14,451 9,208
		9,208
		9,208 23,659 (4,000)
		19,659
		19,659
		19,659
		19,659
		19,659

And signed on their behalf by:

K.B. Davies Trustee 26 October 2023

Page 6

DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128 Crucorney Environmental Charity Notes to the Accounts

for the year ended 31 March 2023

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.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

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

DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128 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 and charitable activities 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.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 8

DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128 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: Other trading activities Total Expenditure on: Raising funds Charitable activities Other Total Net income 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 3 Income from other trading activities Solar panel income 4 Income from investments	Unrestricted £ 1,647 1,647 Unrestricted £ 1 1	Unrestricted funds 2022 £ 4,064 4,064 2,032 540 1,621 4,193 (129) (129) (129) 19,788 19,659 Total 2023 £ 1,647 1,647 Total 2023 £ 1 1	Total funds 2022 £ 4,064
			4,064 2,032 540 1,621
			4,193
			(129)
			(129)
			(129) 19,788
			19,659
			Total 2022 £ 4,064
			4,064
			Total 2022 £ -
			-

Page 9

DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128 Crucorney Environmental Charity

Notes to the Accounts

5 Expenditure on raising funds

Fundraising trading costs Solar panel income 6 Expenditure on charitable activities Expenditure on charitable activities Sundry Governance costs Accountancy 7 Other expenditure Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets 8 Net expenditure before transfers This is stated after charging: Depreciation of owned fixed assets 9 Staff costs No employee received emoluments in excess of £60,000.	Unrestricted £ 823 823 Unrestricted £ 410 540 950 Unrestricted £ 1,621 1,621 2023 £ 1,621	Total 2023 £ 823 823 Total 2023 £ 410 540 950 Total 2023 £ 1,621 1,621	Total 2022 £ 2,032
			2,032
			Total 2022 £ - 540
			540
			Total 2022 £ 1,621
			1,621
			2022 £ 1,621

Page 10

DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128 Crucorney Environmental Charity

Notes to the Accounts

10 Tangible fixed assets

Cost or revaluation At 1 April 2022 At 31 March 2023 Depreciation and impairment At 1 April 2022 Depreciation charge for the year At 31 March 2023 Net book values At 31 March 2023 At 31 March 2022 11 Provisions At 1 April 2022 At 31 March 2023 12 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds 13 Analysis of net assets between funds Fixed assets Net current assets Creditors due in more than one year and provisions	At 1 April 2022 19,659 19,659	Incoming resources (including other gains/losses) £ 1,648 1,648	Plant and machinery £ 19,314 19,314 4,863 1,621 6,484 12,830 14,451 Other provisions £ 4,000 4,000 Resources expended £ (3,394) (3,394) Unrestricted funds £ 12,830 9,083 (4,000) 17,913	Total £ 19,314
				19,314
				4,863 1,621
				6,484
				12,830
				14,451
				Total £ 4,000
				4,000
				At 31 March 2023 £ 17,913
				17,913
				Total £ 12,830 9,083 (4,000)
				17,913

Page 11

DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128 Crucorney Environmental Charity

Notes to the Accounts

14 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents Net debt	At 1 April 2022 £	Cash flows £	At 31 March 2023 £
	9,208	(125)	9,083
	9,208 9,208	(125) (125)	9,083
			9,083

Page 12

DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128 Crucorney Environmental Charity Detailed Statement of Financial Activities

for the year ended 31 March 2023

Income and endowments from: Other trading activities Solar panel income Investments Total income and endowments Expenditure on: Costs of other trading activities Solar panel income Total of expenditure on raising funds Charitable activities Sundry Governance costs Accountancy Total of expenditure on charitable activities 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 expenditure Net expenditure before other gains/(losses) Other Gains Net movement in funds	Unrestricted funds 2023 £ 1,647 1,647 1 1 1,648 823 823 823 410 410 540 540 950 1,621 1,621 1,621 3,394 - (1,746) (1,746) - (1,746)	Total funds 2023 £ 1,647 1,647 1 1 1,648 823 823 823 410 410 540 540 950 1,621 1,621 1,621 3,394 - (1,746) (1,746) - (1,746)	Total funds 2022 £ 4,064
			4,064
			-
			-
			4,064 2,032
			2,032
			2,032 -
			-
			540
			540
			540 1,621
			1,621
			1,621
			4,193 -
			(129)
			(129) -
			(129)

Page 13

DocuSign Envelope ID: 4048A708-8EDE-4667-91D6-84E47A4CB128 Crucorney Environmental Charity Detailed Statement of Financial Activities

Reconciliation of funds: Total funds brought forward Total funds carried forward	19,659 17,913	19,659 17,913	19,788
			19,659

Page 14