Swallow Park Registered Charty No 11846 Trustees Report For the Period ended 31" Jufy 2021 The Trustees present their report and financial staternent for the Period ended 31° July 2021 Governance The Charity is a CIO registered as a of cortK)rate under part 11 of the Charities Act 2011. The Charity was primarily established on 28th July 2019 to obtsin land and raise funds to build a community playground for the children of Mttchel Troy and surrounding village5 in Monmouth. The Aim is to promote, ft)r the benefit of the inhabitsrtrts of Mitchel Troy and the surrounding area, the provision of a public park for recreation or other leisure time occupation of indmduals who have need of such faciltties by reason of their youth. age. infirmty or disablement. financial hardship or social and economic circumstan5 or for the public at large in the interests of social welfare and with the objert of improving the condttion of life of the said inhabitant5. The registered address of the Charity is St Ibers Villa. Mitchel Troy, Monmouth. NP25 4HZ The Trustees who served in the year are: Ceri Jones Elizabeth Williams Rev. Owen Williams Iretired 813/211 Jeanne-marie Larrazabal (from 1018/20) Actsvity in the year The Trustees give their time voluntarily and receive no nefits from the Charitv. During the year to 31 July 2021 the Charity were able to secure grants from the National Lottery tot31ing £106850 after obtaining a IS year lease wwth no annual rentsl cost on part of Glebeland in the village of Mitchel Troy in Wales. Work at the site commenced in eamest in September 2020. Stage l of the park opened at the end of Ortober 2020. The Trustees consider that they have complied with their duties as set out in Section 4 of the Charities Art 2011 to have regard to public benefft guidance published by the Charities Commission. Flnan¢ial Review The Trustees have opted to prepare the accounts on a receipts and payment basis due to the nature of the financing of the project. As required by the Charities Commission an independent examination was undertaken. The independent report on this examination is attached to these Financial Statements. SLitement of Registered Practice (SORPI There are no funds held as custodian trustees. The Trustees confimi that these Financial statements and reports are drawn up using guideline5 laid out by the Charities Commission FRS 102. This report was approved by the Trustees and Directors on L- I- 202i and signed on their behalf by Ceri Jones Truèrfee Page I
Independent Examinerfs report to the Trustees of Swallow Park ac I report on the accounts of Swallow Park CIC for the year ended 31 July 2021, which are set out on pages 3 and 4. Respective responsibilitie5 of trustees and exarniner The CIC'S trustees are responsFble for the preparation of the accounts. The trustees consider that an audit is not required for this year lunder section 144121 of the Chartties Act 2011, as amended by the Charities Act 2011 IAccounts and Audit) Order 20151 and that an independent examination is needed. l am qualified to undertake the examination by being a member of The Institute of Chartered Accountants in England and Wales. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination. it is my responsibility to= examine the accounts under section 145 of the Charities Act 2011; follow the procedures laid down in the General Directions gtven by the Charity Commissioners under section 145151 Ibl of the 2011 Act- and state whether particular matters have come to my attent40n. Basts of independent examinerfs report My examination wa5 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 audtt, and tonsequently no opinion is given as to whether the accounts present a 'true and fairf view, and the report is limited to those matters set out in the statement below. Independent Examinerfs statement In connection with my examination. no matter has come to my attention: which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 386 of the Companies Act 21KJ6: and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of section 396 of the Companies Art 2006 and wtth the methods and principles of the Charities Statement of Recommended Practice IFRS 1021 have not been met- or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signature kn¢_.-<- Date 5.3. 202L D J Ballantine ACA MBA Page 2
Swallow Park Regtstered Charity No. 1184660 Statement of Financial Activities lincluding ReIpts and Payments) For the year from I. August 2020 to 31° July 2021 Year ended 31"July 2021 Period ended 31" July 2020 Recei Medium Lottery Funding Grant Small Lottery Funding Grant Monmouth County Council 92321. 97(K).(XJ 102621.(X) Pa ments stsrtu Website set up ond hosting Planning penI$s1O Legal Fees Land Agent Fees Ongoing Costs Public Liability Insurdnce Covid Signage Piinting Grand Opening Asset Costs Site Clearance and Preparation Play Equipment Fixtures Signage Boards Logo Design and Ownership 151.20 115.(J) 3688.20 31X).(X) 385. 4254.40 591.79 12.IXI 150.IXI 753.79 9568.58 70123.02 13874.32 1238.80 250.CM) 95054.72 Totsl Payments IcKK2.9I 469.98 Net of Receipts l {payn*ntsl Cash funds at I" Augurt 2020 Cash funds at 31° July 2021 2485.25 o.oi 2485.26 469.98 o.oi -469.97 Page 3
Swallow Park Regirtered Charity No. strtement of Assets and ilabllltles at 31"July 2021 At 31" July 2021 31°ju 2020 Cash Funds 2485.26 o.oi Assets retained for own use 95054.72 Liabilities 469.98 The Trustees acknowledge their responsibilwties for ensuring that the Charity Keeps proper Accounting records The Financial statements were approved by the Trustees on Z-3- Zo.1 and were signed by Ceri Jones Trustee Page 4