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**Ipswich Greyfriars Round Table Charitable Trust (Reg No: 1186366) Accounts for the year to 30th April 2023 Pages for the Chairty Commission**
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## **Independent Examiners Report to the Trustees of Ipswich Greyfriars Round Table Charitable Trust (Reg No: 1186366)**
I report on the accounts of the charity for the year-ended 30th April 2023, which are set out on the following pages.
## **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 Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under Section 145 of the Charities Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiners' 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 material matters have come to my attention which gives me cause to believe that in any material respect:
- 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 do 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.
Ian Gorham (FCCA) 257 Colchester Road Ipswich IP4 4SH
Date: 9/11/2023
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## **Ipswich Greyfriars Round Table Charitable Trust (Reg No: 1186366)**
## **Statement of Financial Activity Year-ended 30th April 2023**
||||**Restricted**|**Restricted**|||
|---|---|---|---|---|---|---|
|**Recommended categories by**||**Unrestricted**|**income**|**Endowment**||**Prior year**|
|**activity**|Note|**funds**|**funds**|**funds**|**Total funds**|**funds**|
|||**£**|**£**|**£**|**£**|**£**|
|**Incoming resources**|||||||
|**Income and endowments from:**|||||||
|Donations and legacies||-|-|-|-|-|
|Charitable activities||39,907|-|-|39,907|26,765|
|Other trading activities||-|-|-|-|-|
|Investments||-|-||-|39|
|Separate material item of income|2|-|-|-|-|-|
|Other||522|-|-|522|193|
|**_Total_**||40,428|-|-|40,428|26,997|
|**Resources expended**|||||||
|**Expenditure on:**|||||||
|Staff costs|3|-|-|-|-|-|
|Charitable Grants and donations||23,914|-|-|23,914|23,843|
|Expenses incurred in raising funds||13,142|-|-|13,142|1,655|
|Professional Services||300|||300|180|
|Other||-|-|-|-|-|
|**_Total_**||37,357|-|-|37,357|25,677|
|**Net income/(expenditure) before investment**|||||||
|**gains/(losses)**||3,072||-|-
3,072|1,320|
|Net gains/(losses) on investments||-||-|-
-|-|
|**Net income/(expenditure)**||3,072||-|-
3,072|1,320|
|**Extraordinary items**||-||-|-
-|-|
|**Transfers between funds**||-||-|-
-|-|
|**Other recognised** **gains/(losses):**|||||||
|Gains and losses on revaluation of fixed assets for the|||||||
|charity’s own use||-||-|-
-|-|
|Other gains/(losses)||-||-|-
-|-|
|**_Net movement in funds_**||3,072||-|-
3,072|1,320|
|**Reconciliation of funds:**|||||||
|Total funds brought forward|6|6,653||-|-
6,653|5,333|
|**_Total funds carried forward_**||9,724||-|-
9,724|6,653|
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## **Ipswich Greyfriars Round Table Charitable Trust (Reg No: 1186366) Balance Sheet as at 30th April 2023**
|Note
**Current assets**
Debtors
Cash at bank and in hand
**Total current assets**
**Creditors:**
amounts falling due within one year
**Net current assets/(liabilities)**
**Total net assets or liabilities**
**Funds of the Charity**
Endowment funds (Note 27)
Restricted income funds (Note 27)
Unrestricted funds
5
Revaluation reserve
**Total funds**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
- - - -
-
6,653 - - 6,653 6,653
6,653 - - 6,653
6,653
- 13,142 - 13,142
-
6,653
(13,142) -
(6,490) 6,653
6,653 26,764 -
33,417
6,653
-
-
-
-
-
-
9,724
- 9,724
6,653
-
9,724
- - 9,724
6,653|
|---|---|
These accounts were approved on behalf of the Trustees and were signed on its behalf by:
||Signature|Print Name|Date of
approval|
|---|---|---|---|
|Chair||Ben Moore|8/1/2024|
|Treasurer||Glenn Williamson|21/11/2023|
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## **Ipswich Greyfriars Round Table Charitable Trust (Reg No: 1186366) Notes to the Accounts Year-ended 30th April 2023**
## **Note**
## **1 Accounting Policies**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
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# **Ipswich Greyfriars Round Table Charitable Trust (Reg No: 1186366) Notes to the Accounts Year-ended 30th April 2023**
## **Note**
Endowment funds represent those assets which must be held permanently by the charity, principally freehold land and buildings.
## **Trustees' Remuneration and Benefits**
There were no trustees' remuneration or other benefits for the period ended 30th April 2023 (2022 - nil).
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 30th April 2023 (2022 - nil).
## **2 Separate material item of income**
Separate material item of income represents the balance of charitable funds raised by Ipswich Greyfriars Round Table prior to the creation of the trust and was transferred to the trust for administration and distribution.
## **3 Staff Costs**
No staff are emplyed or engaged, all activity is completed on a voluntary basis.
## **4 Debtors**
**----- Start of picture text -----**
Debtors 2023 2022
- -
Sundry Debtors
- -
Creditors 2023 2022
- -
Sundry Creditors
- -
**----- End of picture text -----**
## **5 Creditors**
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## **Ipswich Greyfriars Round Table Charitable Trust (Reg No: 1186366) Notes to the Accounts Year-ended 30th April 2023**
## **Note**
## **6 Movement in Funds**
|Unrestricted funds
General fund|**At 01/04/2022**
**Net movement**
**in funds**
**At 30/04/2023**
6,653
3,072
9,725
**6,653**
**3,072**
**9,725**|
|---|---|
Net movement in funds, included in the above are as follows:
|Unrestricted funds
General fund
**Total Funds**|**Incoming**
**Resources**
**Gains &**
**Movement**
**resources**
**expended**
**losses**
**in funds**
**£**
**£**
**£**
**£**
40,428
(37,357)
-
3,071
**40,428**
**(37,357)**
**-**
**3,071**|
|---|---|
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## **Trustees’ Annual Report for the period**
**From 01/05/2022 To 30/04/2023 Charity name: Ipswich Greyfriars Round Table Charitable Trust Fund Charity registration number: 1186366**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To make charitable donations to local**
**charities and individuals**|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|**Door to door bucket collections at**
**Christmas with a Reindeer float limited**
**to 15 nights from the beginning of**
**December**
**Fund raising via online charitable giving**
**apps during this time.**
**A Charitable Ball was held during the**
**year with a charity auction.**|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The trustees believe the objectives and**
**activities of the charity meet the**
**guidance issued by the Charity**
**Commission.**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
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## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**The period of fund raising in December**
**with a large Reindeer float playing**
**seasonal music has become a tradition**
**in and around the Ipswich area.**
**It tours a different area in the**
**community on each evening of activity.**
**The population of each area look**
**forward to seeing “Rudolph” and it has**
**become tradition in the local area.**
**The annual progress is widely followed**
**and advertised in the local printed press**
**as well as via social media.**
**Over the years the Round Table has**
**been able to support many local causes**
**often those which are too small to**
**attract the attention of other, larger,**
**charities.**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
|Other|||
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## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|**Ipswich Round Table Charitable Trust**
**Fund has a successful fundraising**
**campaign in December 2022 and with**
**the funds included prior to the charity**
**being formed was able to make**
**donations of £28,495 to local causes**
**within the reporting year.**|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**There is no policy for holding reserves,**
**h the aim is to donate all income. Any**
**reserves held at the year-end are the**
**result of timing differences**|
|Amount of reserves held|Para 1.22|**At the end of the reporting period there**
**were reserves of £5,143.**|
|Reasons for holding zero
reserves|Para 1.22||
|Details of fund materially in
deficit|Para 1.24||
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23||
## **Additional information (optional)**
You may choose to include further statements where relevant about:
||||
|---|---|---|
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47||
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46||
|Other|||
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## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|**Trust Deed**|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Unincorporated Association**|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Nominated and voted on**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
## **Reference and Administrative details**
|Charity name|Ipswich Greyfriars Round Table Trust Fund|
|---|---|
|Other name the charity uses||
|Registered charity number|1186366|
|Charity’s principal address|Marchesi House
4 Embassy Drive
Edgbaston
Birmingham
B15 1TP|
|||
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## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Ben Moore|Chairman||Round Table Members|
||Glenn Williamson`|Hon. Treasurer||Round Table Members|
||Lewis Taylor-Good|||Round Table Members|
||Josh Seale|||Round Table Members|
||||||
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– Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
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## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|
|---|---|---|
|**Type of**
**adviser**
**Name**
**Address**|||
|**Accountant**|Ian Gorham|257 Colchester Road Ipswich IP4 4SH|
||||
||||
||||
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
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## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|||
|---|---|---|
||
Ben Moore||
||
Chair||
||
8/1/2024||
||
8/1/2024||