**Fairfield Community Trust** (Registered charity, number 1194736) **Financial statements for the year ended 31 July 2022** |**Page**|**Contents**| |---|---| |2 - 3|Trustees’ annual report| |4 - 5|Independent examiner’s report| |6|Receipts & payments account| |7|Statement of assets & liabilities| |8|Notes to the accounts| 1 **Fairfield Community Trust** (Registered charity, number 1194736) **Financial statements for the year ended 31 July 2022** **Full name:** Fairfield Community Trust ## **Registered charity number:** 1194736 **Principal address:** Fairfield Community Hall, Kipling Crescent, Fairfield, SG5 4GY ## **Trustees (as at 31/07/22:** Mr Nicholas Andrews Ms Anna Papakosta Mr Barrie Dack Mrs Julie Turner Mrs Sara Chick Ms Marcia Epstein Mr Grant Bellingham ## **Independent examiner** Matthew Westlake ACMA, CGMA, 2 Juniper Mead, Stotfold, SG5 4RU ## **Governance and management** The charity is operated under the rules of its CIO Foundation dated June 8,2021. ## **Aims and objectives** The property and the trust fund and its income shall be applied for the purposes of a community of Fairfield for the use of the inhabitants of the area of benefit without distinction of sex, sexual orientation, age, disability, nationality, race or political, religious or other opinions, including use of the property for meetings, lectures and classes or other forms of recreation and leisure time occupation in the interests of social welfare and with the object of improving the conditions of life for the said inhabitants. ## **Summary of the main activities undertaken for the public benefit:** The year opened with a change in name of the Trust and a slight variation of its objectives. The new Trust Deed also sees us operate under a CIO Foundation rather than as a Standard Trust. Under the previous trust our activities had to be confined to our immediate premises whereas we can now widen this and hold events on the various green spaces of the village. The change to a CIO was to give financial security to our trustees. 2022 also saw us begin our 10[th] year of operation during which time we were using the building by a permission letter from the developers, Linden Homes (Northern). After a long-drawn-out saga, the ownership of the hall was transferred to the Fairfield Parish Council in accordance with the 106 Agreement. This gives the Trust a lot more freedom. A letter of agreement has been exchanged between the Council and the Trust with the former now responsible for the external of the building and the Trust the internal. It also means that we can spend money on improvements safe in the knowledge that now we have security of tenure. Over the 10 years we had built up a substantial surplus, but we are now looking at improvements and alterations and expect our surplus to shrink to an acceptable level over the next two years. ## **Fairfield Community Trust** (Registered charity, number 1194736) **Financial statements for the year ended 31 July 2022** In the immediate future, we intend to install a battery for our solar panels so that we use our excess rather than return it to the National Grid, change and update the boiler of our central heating system and paint the interior. James Woollett decided to stand down as a trustee at the changeover and we thank him for his services. Grant Bellingham, Sara Chick, and Marcia Epstein agreed to become trustees and we thank them for the contributions they are making. We closed the year with a cash balance (surplus) of £65,459.52. Signed on behalf of the charity’s trustees: Signed (Trustee) ____________________________ Date 23[rd] May 2023 Signed (Trustee) __________ Date 23rd May 2023 3 Fairlield Community Trust (Registered charity, number 11947361 Finan¢ial statemenls for the year ended 31 July 2022 CHARITY COMMISSION FOR ENGIAND ANO WALES Indo￿ndent examinerfs report on the accounts Str¢tion A Indtswndoni EAtiminer'$ Reptsrt R•yt 10 Th• ffUli••il On lorth• y•ar •ndèd 31 W%J22 Chwlty no 1194738 1md2 rt* Totyt'lfty*• 31ffJ7r*)22. Xt11 rtskri. urn1•r soclth 14$ l Ad my*yarnmb￿. I u¢*Jw *•¢kn 14S(SXbl cl Ind•p•￿d￿l ¢411ge thai Mi. any rKkYd,' 14 Kkny2CQ3 lth We511akn Ac￿ R•lv4•rt proknilonal 9￿111￿•v0nI1) Of body 5101 SG54RU Section 8 OlTriluf Oclobw 2018 Fairlield Community Trust (Registered charity, number 11947361 Finan¢ial statemenls for the year ended 31 July 2022 FY21.22 F•fvld C0rNrrt￿Y ￿1111￿5> nw9wI Fwi*lS T￿￿1119•7*) Th•2021 ¥• F•hf*bS C(fftwn* Hal. •ny kt•ff• Ihol th• •xwnlr*v lo Qct<>b•r 2018 **Fairfield Community Trust** (Registered charity, number 1194736) **Financial statements for the year ended 31 July 2022** ## **Receipts & payments account 2021-22** |_2021_
£
**Receipts**
£22,334.74
Regular Hire
£4,709.22
Occasional hire
£0.00
Payments in Advance
£35,197.89
Donations and Grants
£0.00
Sundry Income
Deposits held
Bank Interest|_2022_
**£**
£55,086.12
£11,656.00
£1,836.00
£6,709.41
£5,356.55
£300.00
£4.98| |---|---| |£62,241.85
**Total receipts**|**£80,949.06**| |**Payments**
£14,757.66
Wages, NI & pension
£511.04
Professional Fees
£2,593.36
Electric
£1,521.35
Gas
£697.68
Water and Sewage
£29,904.46
Renewals
£15,139.54
Repairs
£2,231.17
Insurance
£541.65
IT Costs
£403.38
Telephone/internet
£316.91
Community Events
0.00
Consumables
£0.00
Postages
88.34
Printing & Stationery
£762.95
Janitorial/Cleaning Services
£1,968.72
Licences/Permits
Refreshments
£312.19
Bank Charges
£200.00
Donations
£232.71
Sundry Payments|£27,653.37
£2,088.00
£762.00
£1,897.76
£931.45
£5,625.65
£10,116.79
£579.96
£472.17
£428.44
£4,499.05
£700.00
£0.00
£122.37
£1,664.38
£194.00
£121.52
£239.55
£0.00
£171.20| |**£72,183.11**
**Total payments**|**£58,267.66**| 6 **Fairfield Community Trust** (Registered charity, number 1194736) **Financial statements for the year ended 31 July 2022** |**-£9,941.26**
**Net receipts/(payments)**|£22,681.40| |---|---| |£52,719.38
Cash funds at start of this period
Transfers between funds|£42,778.12| |**£42,778.12**
**Cash funds at end of this period**|£65,459.52| ## **Statement of assets and liabilities at 31 July 2022** |Cash assets
Bank Account - CAF
Bank Account - PayPal
Cash in hand
Other Monetary Assets
Debtors
Liabilities|£61,401.46
£4,025.79
£32.27| |---|---| ||£65,459.52| ||£913.75
£24.00| These financial statements are accepted on behalf of the charity by: Signed (Trustee) ________ Dated 23 May 2023 7 **Fairfield Community Trust** (Registered charity, number 1194736) **Financial statements for the year ended 31 July 2022** ## **Fairfield Community Trust Notes to the accounts for the year ended 31 July 2022** ## **1. Receipts & payments accounts** Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand. ## **2. Debtors** **£** Overdue Hirers 913.75 ## **3. Creditors** **£** Overdue creditors 24 ## **4. Trustees’ remuneration** Trustees received no expenses, remuneration or benefits in this period. ## **5. Glossary of terms** **Creditors:** These are amounts owed by the charity, but not paid during the accounting period. **Debtors:** These are amounts owed to the charity, but not received in the accounting period. 8