## **THE BLUNT FAMILY CHARITY** ## **REPORT AND FINANCIAL STATEMENTS** **FOR THE PERIOD ENDED 31ST MARCH 2021** ## **THE BLUNT FAMILY CHARITY** ## **CONTENTS** Legal and administrative information Report of the Trustees Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes forming part of the financial statements Page 1 Pages 2 - 4 Page 5 Pages 6 - 7 Page 8 Pages 9 - 10 ## **THE BLUNT FAMILY CHARITY** ## LEGAL AND ADMINISTRATIVE INFORMATION AS AT 31ST MARCH 2021 |Registered Charity Number||1188735| |---|---|---| |Trustees|Chairman|Dr P Williams| ||Treasurer|A D Davies| |||C Martin| |||R Shorting| |||J Richardson| ||Secretary|H Norman| |||N Carter| |Independent Examiner||Richard Welbnourne F| |||Welbourne & Co| |||16 Birch Grove| |||Elm| |||PE14 0AP| |Correspondence Address||116 Town Street| |||Upwell| |||Wisbech| |||PE14 9AD| Page 1 ".CCA ## **THE BLUNT FAMILY CHARITY** ## TRUSTEES REPORT For the period ended 31st March 2021 The Trustees present their report and the finacial statements of the charity. The Trust was formed on 19th March 2019 and charitable status was grante on 24th March 2020. The Trustees have prepared an income and expenditur account for the period without charitable status and produced full accounts for the charitable period from 24th March 2020 to 31st March 2021. The financial statements have been prepared in accordance with the accoun policies set out on page 7 and comply with the charity's trust deed and applicable law. ## **Trustees** The trustees named on page 1 served during the period ## **Investment Powers** The Trust Deed authorises the trustees to make and hold investments, but such investments are presently held. ## **Constitution, objects and policies** The Edith Blunt Family Trust is constituted by a final Trust Deed dated 4th February 2020 Its objects are to provide, both directly and indirectly, To advance any charitable purpose for the benefit of the inhabitants of the village of Upwell in Norfolk, in particular but not exclusively the advance of education, the relief of poverty and the upkeep and maintenance of the village church. ## **Application of income and capital** The trustees must apply the income and, at their discretion, all or part of the capital of the charity in furthering the objects. ## **Developments, activities and achievements** The Trustees consider that the perfomance of the Trust this period has been satisfactory. Considerable work has been carried out on the nature reserve and this is being used by more and more people. Grants have been handed to a number of people in the village and one large grant was made to allow the completion of the car parking and changing rooms on the playing field. Page 2 ## **THE BLUNT FAMILY CHARITY** ## TRUSTEES REPORT For the period ended 31st March 2021 - continued ## **Financial Review** During the period the Trustees received considerable sums from the Blunt estate, and we are advised that more will be available when the developme of property has been completed. The accounts reflect a satisfactory state of affairs and the total reserves we £532739.27 at 31st March 2021. The Trust has been set up in such a way th funds are available for projects and people in the village. ## **Risk Management** The trustees have conducted a review of the major risks to which the Trust i exposed and, where appropiate, systems or procedures have been establish mitigate those risks. Internal control risks are minimised by the implementa of procedures for authorisation of all transactions and projects. Procedures are in place to assure compliance with Health and Safety regulations in resp of trustees, visitors, volunteers and all third parties. ## **Reserves Policy** To help ensure the longevity of the Trust, the trustees are proposing to make investments in the future, but at this stage have considered that all funds a available to the village. They have not decided on a figure as a reserve tota at this stage. ## **Statement of Trustees' Responsibilities** Law applicable to charities in England and Wales requires the trustees to pre financial statements for each financial period which give a true and fair view of the charity's financial activities during the period and of its financial posit at the end of the period. In preparing those financial statements, the trustee required to:- a) Select suitable accounting policies and apply them consistently b) Make judgements and estimates that are reasonable and prudent c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclo and explained in the financial statements d) to prepare financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. Page 3 **THE BLUNT FAMILY CHARITY** TRUSTEES REPORT For the period ended 31st March 2021 - continued The trustees are responsible for keeping accounting records which disclose reasonable accuracy at any time the financial position of the charity and en them to ensure that the financial statements comply with the Charities Act 2 They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and ot irregularities. ## **Approval** This report, which has been prepared in accordance with the Statement of Recommended Practice, Accounting and Reporting of Charities (SORP 2015) (effective 1 January 2015) was approved by the Trustees on 10th August 20 and signed on their behalf …......................................... Dr Paul Williams Chairman/Trustee Page 4 nting no out ent re hat all is hed to ation pect e re l epare w tion es are osed with able 2011. Ice '.her 21 ## **THE BLUNT FAMILY CHARITY** ## **INDEPENDENT EXAMINERS REPORT** To the Trustees of The Blunt Family Charity - Charity number 1188735 ## **Independent examiners report to the trustees of The Blunt Family Ch** I report directly to the charity trustees on my examination of the accounts of The Edith Blunt Family Trust (The Trust) for the period ended 31 March 2021. ## **Responsibilities and basis of report** As a charity the trustees of the Trust are responsible for the preparation of th accounts in accordance with the requirements of the Charities Act 2011 (the A **I report in respect of my examination of the Trust's accounts carried** section 145 of the Act and in carrying out my examination I have followed all applicable direction's given by the Charity Commission under section 145 (5) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have c to my attention in connection with the examination giving me cause to believ that in any material respect: 1. accounting records were kept in respect of the Trust as required b section 30 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Chari (Accounts and Reports) Regulations 2008 other than any requirem 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 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. …............................................ Richard Welbourne FCCA Welbourne & Co 16 Birch Grove Elm PE14 0AP 7 September 2021 Page 5 ## **harity** he Act). ## **out under** (b) ome ve by ties ment ## **THE BLUNT FAMILY CHARITY** ## **INCOME AND EXPENDITURE ACCOUNT** For the period from 19th March 2019 to 23rd March 202 **2020 INCOME** Funds from the Edith Blunt Estate 50,000.00 |**EXPENDITURE**
Printing
Hire of Village Hall
Sundry Expenses
Costs for Nature Reserve
Surplus before grants
**GRANTS**
Upwell PC re VE Day
Surplus for period after grants
transferred to charity|22.80
60.00
50.00
1,421.00|


1,553.80| |---|---|---| |||48,446.20
2,000.00| |||46,446.20| Page 6 ## **THE BLUNT FAMILY CHARITY** ## **STATEMENT OF FINANCIAL ACTIVITIES** For the period from 24th March 2020 to 31st March 202 Notes |**INCOME**|| |---|---| |Funds transferred from Trust|| |Funds from the Edith Blunt Estate|| |Grant Refunded - Upwell PCC|| |Interest Received|2| |**EXPENDITURE**||| |---|---|---| |Costs for Nature Reserve|4 & 5|19,714.26| |Insurance||1,163.74| |Hire of Village Hall||20.00| |Bank Charges||33.10| |Website||196.65| |Examiner Fees||600.00| |Depreciation of Tractor and Mower||2,703.80| |**GRANTS AND DONATIONS**
Educational Grants
Health Grants
Upwell Bowls Club
Upwell Playing Field Car Park & Changing Rooms
Surplus for period carried forward|6,535.75
375.00
2,995.00
88,485.45| |---|---| ||| Page 7 21 2021 46,446.20 550,000.00 2,000.00 57,115.82 655,562.02 24,431.55 631,130.47 98,391.20 532,739.27 ## **THE BLUNT FAMILY CHARITY** ## **BALANCE SHEET AS AT 31ST MARCH 2021** |**Fixed Assets**
Tangible Assets
Less Depreciation for the Year
Net Book Value
**Current Assets**
Cash at Bank
Sundry Debtors
Less Current Liabilities
Sundry Creditors
Examiner Creditor
TOTAL ASSETS LESS CURRENT LIABILITIES|10,814.80
2,703.80| |---|---| ||514,716.12
11,422.80| ||910.65
600.00| ||| ## **Reserves - Unrestricted** The notes on pages 9 and 10 form part of these financial statements Approved by the Trustees on 10th August 2021 and signed on their b …............................................ …..................................... Dr P Williams A D Davies Chairman/Trustee Treasurer/Trustee Page 8 2021 8,111.00 526,138.92 1,510.65 532,739.27 532,739.27 s. behalf ................ ## **THE BLUNT FAMILY CHARITY** ## **NOTES TO THE ACCOUNTS** For the period ending 31st March 2021 ## 1 ACCOUNTING POLICIES ## 1.1 BASIS OF PREPARATION OF ACCOUNTS The financial statements are prepared under the historical cost convention and the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2015) (effective 1 January 2015) and in accordance with applicable accounting standards. ## 1.2 TANGIBLE FIXED ASSETS Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost, less their residual value, over their useful lives on the following basis:Plant and Machinery 25% on a reducing balance basis. 1.3 INCOME AND RESOURCES EXPENDED All incoming resources are included when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. No permanent endowments have been received in the period All resources expended are included on the accruals basis. 1.4 TAXATION Value added tax is not recoverable by the charity, and as such is included in th relevant costs in the Statement of Financial Activities. As a registered charity, The Edith Blunt Family Trust is exempt from liability to taxation on its income and capital gains. 1.5 MANAGEMENT AND ADMINISTRATION EXPENDITURE Expenditure on management and administration of the charity includes all expenditure not directly related to the charitable activities. This includes the costs of running and maintaining the Nature Reserve. |2 INTEREST RECEIVED
Loan
Bank Loyalty Refund of Charges
3 Grants and Donations
Health Grants
Educational Grants
Upwell Bowls Club
Upwell Playing Field and Changing Rooms|2021
57,114.00
1.82| |---|---| ||57,115.82| ||375.00
6,535.75
2,995.00
88,485.45| ||98,391.20| Page 9 ## **THE BLUNT FAMILY CHARITY** ## **NOTES TO THE ACCOUNTS** For the period ending 31st March 2021 - continued |**NOTES TO THE ACCOUNTS**
For the period ending 31st March 2021 - continued|| |---|---| |4 PREMISES AND EQUIPMENT
Nature Reserve
Insurance
Depreciation
5 ADMINISTRATION COSTS
Hire of Upwell Village Hall
Bank Charges
Website Setup
Examiner Fee
6 DEBTORS
Income Tax Refund on Interest received net
7 CREDITORS
Nature Reserve costs
Website
Examiner|2021
19,714.26
1,163.74
2,703.80| ||23,581.80| ||20.00
33.10
196.65
600.00| ||849.75| ||11,422.80| ||714.00
196.65
600.00| ||1,510.65| Page 10