## Spennithorne Village Fund CIO Charity No: 1191262
# **Trustees’ Annual Report & Statement of Financial Activity for the Period Ended 31 December 2021**
## **Trustees**
Philip Holden Charles Pink Henrietta Browne Ingrid Whetford Gerald Hodgson
## February 2021
Spennithorne Village Fund: Trustees’ Annual Report & Financial Statements
Page 1 of 7
Spennithorne Village Fund CIO
## **Trustees’ Annual Report & Statement of Financial Activity for the Period Ended 31 December 2021**
## **Contents**
||**Contents**|**Contents**||
|---|---|---|---|
|**1**|**Activities, Achievements & Performance......................3**|||
||1.1|Statutory Declaration...............................................................3||
||1.2|Activities..................................................................................3||
|**2**|**Financial Review........................................................3**|||
||2.1|Principle Sources of Funding and Expenses.............................3||
||2.2|Remuneration of Trustees........................................................3||
||2.3|Financial Status........................................................................4||
||2.4|Statutory Statements on Liabilities..........................................4||
|**3**|**Reference and Administration Details..........................4**|||
||3.1|Charity Name & Registration....................................................4||
||3.2|Charity’s Address.....................................................................4||
||3.3|Names of the Trustees Who Manage the Charity.....................4||
||3.4|Bank.........................................................................................4||
|**4**|**Structure, Governance & Management........................4**|||
||4.1|Type of Governing Document...................................................4||
||4.2|Charitable Objects....................................................................4||
||4.3|Trustee Selection Methods.......................................................5||
|**5**|**Statement of Financial Activity...................................6**|||
||5.1|Receipts & Payments During the Financial Year Ended 30-Jun-20|6|
||5.2|Notes to the Accounts..............................................................9||
Spennithorne Village Fund: Trustees’ Annual Report & Financial Statements
Page 2 of 7
## **Trustees Annual Report & Statement of Financial Activity for the Period Ended 31 December 2021**
## **1 Activities, Achievements & Performance**
## **1.1 Statutory Declaration**
The Trustees confirm that they have paid due regard to the guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake.
## **1.2 Activities**
The charity was incorporated on 14[th] September 2020. The charity was formed in order to own the title of the land known as Spennithorne Village Green as the existing Spennithorne Village Fund charity (no. 228021) was unable to take ownership due to its structure being that of a fund managed by a trust deed and trustees and not recognised by the Land Registry as a legal entity.
The land known as Spennithorne Village Green was purchased from Yorvik Homes for the consideration of £1 and registered with the Land Registry.
The sister charity (no. 228021) continues to exist, as a second piece of land known as Spennithorne Village Field is held by the charities commission on behalf of its trustees.
The village green has been open to the general public throughout the period. It has been maintained throughout the period by the sister charity which carried out grass cutting and paid the public liability insurance.
In December 2021, a group of villagers approached the charity to see if the green could be used to erect a Christmas Tree for the village. This was agreed subject to the group carrying out the necessary risk assessments and funds. The tree was duly erected.
## **2 Financial Review**
## **2.1 Principle Sources of Funding and Expenses**
The charity exists to hold the title of the piece of land known as Spennithorne Village Green. The piece of land is maintained by the sister charity Spennithorne Village Fund (no.228021). The charity has no income or outgoings.
## **2.2 Remuneration of Trustees**
All Trustees act in a voluntary capacity and receive no remuneration or other material benefits from their services to the Charity.
Out-of-pocket expenses necessarily and reasonably incurred by Trustees are reimbursed at cost.
Spennithorne Village Fund: Trustees’ Annual Report & Financial Statements
Page 3 of 7
## **2.3 Financial Status**
The charity’s current resources from unrestricted and unrestricted donations are more than sufficient to meet its outgoings for at least next year.
All the indications are that this will remain the case for the foreseeable future.
## **2.4 Statutory Statements on Liabilities**
The Trustees declare that:
- The charity has given no guarantees where potential liability under the guarantee is outstanding at the date of this statement ( _eg:_ any outstanding/ongoing contract or legal undertaking to buy or provide specific services);
- The charity has no debt outstanding at the date of this statement which is owed by the CIO and which is secured by an express charge on any assets of the CIO ( _eg:_ a mortgage on property owned by the charity);
## **3 Reference and Administration Details**
## **3.1 Charity Name & Registration**
Spennithorne Village Fund is a Charitable Incorporated Organisation, registration no: 1191262, registered with the Charity Commission on 14 September 2020.
## **3.2 Charity’s Address**
Pippingill, Spennithorne, Leyburn, DL8 5PS
e-mail: spennithorne.village.fund@gmail.com
## **3.3 Names of the Trustees Who Manage the Charity**
|**_Name_**|**_Ofce_**|**_Appointed_**|**_Resigned_**|
|---|---|---|---|
|Phillip Holden|Chair|14 September|2020|
|Charles Pink||14 September|2020|
|Henrietta Browne||14 September|2020|
|Ingrid Whetford||14 September|2020|
|Gerald Hodgson||14 September|2020|
## **3.4 Bank**
Barclays Bank, Leicester, LE87 2BB
## **4 Structure, Governance & Management**
## **4.1 Type of Governing Document**
Constitution – based on the Charity Commission’s model governing document for Foundation Charitable Incorporated Organisations.
## **4.2 Charitable Objects**
Holding land for the benefit of the general public for recreational purposes.
Spennithorne Village Fund: Trustees’ Annual Report & Financial Statements
Page 4 of 7
## **4.3 Trustee Selection Methods**
There must be at least three charity trustees.
In accordance with the Constitution, Trustees are appointed or re-appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
In appointing Trustees due consideration is given to ensuring that the Trustees have, between them, the skills and experience necessary to manage the charity effectively and in accordance with charity law.
Approved by the Trustees and signed on their behalf,
Charles Pink
Date: 21/2/22
## **5 Statement of Financial Activity**
## **5.1 Receipts & Payments During the Financial Year Ended 30-Jun-20**
The following tables are copied from the Small Charity Support’ “Charity Accounts Made Easy” example ( _ie:_ “Proof of Concept”) spreadsheet which can be downloaded from the website.
The tables replicate the example template shown in the Charity Commission’s guidance documents for Receipts & Payments Reports, CC16.
|The following tables are copied from the Small Charity Support’ “Charity
Accounts Made Easy
” example (_ie:_“Proof of Concept”) spreadsheet which can
be downloaded from the website.
The tables replicate the example template shown in the Charity Commission’s
guidance documents forReceipts & Payments Reports, CC16
.|The following tables are copied from the Small Charity Support’ “Charity
Accounts Made Easy
” example (_ie:_“Proof of Concept”) spreadsheet which can
be downloaded from the website.
The tables replicate the example template shown in the Charity Commission’s
guidance documents forReceipts & Payments Reports, CC16
.|The following tables are copied from the Small Charity Support’ “Charity
Accounts Made Easy
” example (_ie:_“Proof of Concept”) spreadsheet which can
be downloaded from the website.
The tables replicate the example template shown in the Charity Commission’s
guidance documents forReceipts & Payments Reports, CC16
.|The following tables are copied from the Small Charity Support’ “Charity
Accounts Made Easy
” example (_ie:_“Proof of Concept”) spreadsheet which can
be downloaded from the website.
The tables replicate the example template shown in the Charity Commission’s
guidance documents forReceipts & Payments Reports, CC16
.|The following tables are copied from the Small Charity Support’ “Charity
Accounts Made Easy
” example (_ie:_“Proof of Concept”) spreadsheet which can
be downloaded from the website.
The tables replicate the example template shown in the Charity Commission’s
guidance documents forReceipts & Payments Reports, CC16
.|The following tables are copied from the Small Charity Support’ “Charity
Accounts Made Easy
” example (_ie:_“Proof of Concept”) spreadsheet which can
be downloaded from the website.
The tables replicate the example template shown in the Charity Commission’s
guidance documents forReceipts & Payments Reports, CC16
.|The following tables are copied from the Small Charity Support’ “Charity
Accounts Made Easy
” example (_ie:_“Proof of Concept”) spreadsheet which can
be downloaded from the website.
The tables replicate the example template shown in the Charity Commission’s
guidance documents forReceipts & Payments Reports, CC16
.|The following tables are copied from the Small Charity Support’ “Charity
Accounts Made Easy
” example (_ie:_“Proof of Concept”) spreadsheet which can
be downloaded from the website.
The tables replicate the example template shown in the Charity Commission’s
guidance documents forReceipts & Payments Reports, CC16
.|The following tables are copied from the Small Charity Support’ “Charity
Accounts Made Easy
” example (_ie:_“Proof of Concept”) spreadsheet which can
be downloaded from the website.
The tables replicate the example template shown in the Charity Commission’s
guidance documents forReceipts & Payments Reports, CC16
.|The following tables are copied from the Small Charity Support’ “Charity
Accounts Made Easy
” example (_ie:_“Proof of Concept”) spreadsheet which can
be downloaded from the website.
The tables replicate the example template shown in the Charity Commission’s
guidance documents forReceipts & Payments Reports, CC16
.|
|---|---|---|---|---|---|---|---|---|---|
|
**Unrestrict**
**ed funds**
**Restrict**
**ed**
**funds**
**Endowme**
**nt funds**
**Total**
**funds**
**Last**
**year**||||||||||
|**to the**
**nearest £**
**to the**
**nearest £**
**to the**
**nearest £**
**to the**
**nearest**
**£**
**to the**
**nearest**
**£**||||||||||
|**A1 Receipts**||||||||||
|||||||||||
|Donation|**-**||**1**||**-**||**1**|||
||||||**-**||**-**|||
|**_Sub total_**|**-**||**1**||**-**||**1**|||
|**A2 Asset and**
**investment sales**||||||||||
||**-**||**-**||**-**||**-**||**-**|
|**_Sub total_**|**-**||**-**||**-**||**-**||**-**|
|**_Total receipts_**|**-**||**1**||**-**||**1**|||
|**A3 Payments**||||||||||
|zero payments|**-**||||**-**||**-**|||
|**_Sub total_**|**-**||**-**||**-**||**-**|||
|||||||||||
Spennithorne Village Fund: Trustees’ Annual Report & Financial Statements
Page 5 of 7
|**A4 Asset and**
**investment**
**purchases**|**A4 Asset and**
**investment**
**purchases**|**A4 Asset and**
**investment**
**purchases**|**A4 Asset and**
**investment**
**purchases**|**A4 Asset and**
**investment**
**purchases**|**A4 Asset and**
**investment**
**purchases**|**A4 Asset and**
**investment**
**purchases**|**A4 Asset and**
**investment**
**purchases**|**A4 Asset and**
**investment**
**purchases**|**A4 Asset and**
**investment**
**purchases**|
|---|---|---|---|---|---|---|---|---|---|
|Land known as the
village green|**-**||**1**||||**1**|||
|**_Sub total_**|**-**||**1**||**-**||**1**|||
|||||||||||
|**_Total payments_**|**-**||**1**||**-**||**1**||**-**|
## **5.1.1 Summary of Receipts & Payments Accounts**
|**Net of receipts/**
**(payments)**|**-**||**-**||**-**||**-**|||
|---|---|---|---|---|---|---|---|---|---|
|**Cash funds last year**
**end**|**-**||**-**||**-**|||||
|**Cash funds this year**
**end**|**-**||**-**||**-**||**-**|||
## **5.1.2 Statement of Assets and Liabilities**
.
|**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**|
|---|---|---|---|---|---|---|---|
|**to nearest £**
**to nearest**
**£**
**to nearest £**||||||||
|**Cash funds**|||||||**-**|
|**Other monetary**
**assets**|||**-**||**-**||**-**|
|**Details**
**Fund to**
**which asset**
**belongs**
**Cost**
**(optional)**
**Current**
**value**
**(optional)**||||||||
|**Investment**
**assets**||||||||
|**Details**
**Fund to**
**which asset**
**belongs**
**Cost**
**(optional)**
**Current**
**value**
**(optional)**||||||||
|**Assets retained**
**for the charity’s**
**own use**|Land known as the
Village Green||Village Fund||**1**||**-**|
||||||**-**||**-**|
|**Details**
**Fund to**
**which**
**liability**
**relates**
**Amount**
**due**
**(optional)**
**When due**
**(optional)**||||||||
|**Liabilities**|||||**-**|||
|Signed on behalf of
all the trustees
Signature
Print Name
Date of
approval||||||||
||||Charles PInk||||21/02/2022|
Spennithorne Village Fund: Trustees’ Annual Report & Financial Statements
Page 6 of 7
## **5.1.3 Approval of the Board of Trustees**
The Trustees declare that they have approved the above Annual Report & Statement of Financial Activity.
Signed on behalf of the Trustees
Charles Pink
Date: 21/2/22
## **5.2 Notes to the Accounts**
- a) Accounting Policies The financial statements have been prepared in accordance with the Charities Act 2011 Section 133, using the Receipts and Payments basis available to small charities and the charity’s own Simple Accounts Spreadsheet.
- b) Reimbursement of Out-of-Pocket Expenses Out-of-pocket expenses necessarily, reasonably and incidentally incurred by Trustee in the course of their duties as Trustees are reimbursed in accordance with the prevailing Financial Policies & Procedures.
- c) Salaries & Professional Fees No trustee receives any payments for the services they provide to the charity.
In the current financial year the charity employed no staff or external contractors;
- d) Fixed Assets The charity purchased the land known as Spennithorne Village Green from Yorkvik homes for the consideration of £1.
- e) Creditors Cheques issued prior to the end of the financial year but not appearing in the end of financial year bank statement are only reported as outstanding creditors if they remain unpresented at the time of producing the financial statements.
- f) Rounding Discrepancies All amounts are recorded to the penny, but in these accounts are shown as digitally rounded to the nearest pound. This can occasionally result in a total apparently not being the sum of its constituent amounts. All individual amounts, and their totals, are nevertheless correct.
Spennithorne Village Fund: Trustees’ Annual Report & Financial Statements
Page 7 of 7