REGISTERED CHARITY NUMBEIL. 1195888 REPORT E TRUSTEES AND UNAUDITED FINANC STATEME FOR THE PE IOD 22 SEPTEMBER 2•2 FOR PRE NKAN c.om D.R.E. & Co. Km8sland House 39 Abbcy Forcgate Shrew5bwy Sbropshire SY2 6BL PRESTEIGNE AND NORTof4 COMMUNITY TRUST CUNTF. F T￿￿. FINANCIAL sTATEmE￿s FOR THE PERIOD 22 TEMBER 2021 TO 31 MARCH 21122 Report of the Trusteu I to 2 StstrmC￿t of FI￿￿¢1￿ Actlvldes B*i*nte Sheet Notes to the FID*Dd•l Stst¢JDthts 5 to 6 De¢Alled St*tenx#t of FIAanthl A¢tlvltles RESTEIGNE AND NORTOIY commuN￿y TRusr REPORT OF THF. TRUSTEES E PERIOD 22 SE BER2 2022 22 Septembtr 2021 to 31 Mawh 2tr22. OBJECTIVES AND AcrivrrtFS Objectlves xod aims The principal Objectiv￿ of the charity. &s sthted iti its goveEning &>cumenL is to pro￿te for the benefii of the inhabitants of Presieigne a*d Norton witlM)ut di￿1￿110￿ of S￿ sexual orietststio￿ race or of p)litical. Teligious or other opini()fts. by &$s￿lating togetber the SaMI itibabitaDts and the I(￿} volullthry and otb¢r organisatiotts in a common effon ￿ advance edwi1￿ aJMI lo provide fKililic5 iu th¢ interasts ol ￿181 welf8r¢ for Teue&lion othcr leisure time occ4Vtion5 with the objexts of improving the ¢onthtions of life of the said inhabitants. Also to estAblish or secure the c8tablishment of a community eentse. aThJ i(} nuintsiD and maTW the sarne {wlkn alonc or in ¢ooperalioD with &ny10¢41 awIK)nty or pers￿ or b￿) in fillthe￿ ofth¢s¢ objttts. The iniiial f(￿￿$ of the chan'ty5 a¢tivities h&$ been the planning of the proJrKt to Icasc the fornxr church of St Andr¢w in Norton, Powys. and to adapt in u • ¢omTnurity hub for the knfit of thc Trsidents of Norton 8T￿ the %urwunding area. PubU£ benefit The Iru5ttt5 Gonfimi thai ihey have complikxl with the duty in s¢aion 4 of the CthaTitbU Aci 2011 to have due regards to public bencfi( wdan¢¢ published by the Chan"ty con￿1]￿0￿. Volunt￿rA With ¢hc cx¢¢ption of the WOTk of th¢ project architec( pmjrxt deveJowrKnt phase of the hub ad4>tion proje¢t 1$ cntircly d¢pendent on volunteers incluth"n8 the mernkn. of the project steering ￿0UP 4nd lo￿] residents involv¢d in fu￿draig7n8 activitles. ACHIEVEMEPIT AND PF.RFORMAJ¥CE ChArlt4bl¢ ictlvllles Thc ¢h&rity has had limited lime si￿¢ incorpmtith September 2021. and mfyjor a¢hievement w far in $upport of Ihe Norton hub project been the achieveTrtnt of c￿nBe of use and listed tAu"IdE'ng con5rnts from Powys CC for the ¢h8n8¢$ necessary to the Orade 2 listed buildth& FINAP4CIAL REVIEW Flnanel*l pogttfo For th¢ p¢riod under review, iw)me totall￿1 £3.035. Expmdshxre of £2.181 VAS iD¢wred durkn8 thc petiod, resultin8 ID Det In￿n￿ of £854. Th¢ trvst'q fu￿48 ￿rrIed fonvard It 31 Ma￿h 2¢)22 totsi £3.438. PrlDdp81 fumdingsollru• To dale thr main sourcc of funding has been from fimdrnisiD8 events from the Prest¢iw alld Norton 1.owu Loun¢Jl. rccchved post yc¥ ¢n GolNg ¢on¢ern The trLL%te&s aTC aw8r¢ of any u￿ertaInti¢5 kn the ¢lwiry* ability to C4)ntinue as a going ￿n¢ern. FUTURE PLANS Th¢ athieverneDt of the relevwtt planniog t*rn]iSSiOJLS kn csthbl1sh￿ x fimx b&8is for the firther developlllrnt of the charity's work on thc Norton hub. The 8r%lual butld-up offiu¥Js I￿gelY trttou8h l¢xal funthE]su￿ will b¢ acceleratsd in thc next year to enablc th¢ projttt development stagc to ￿ completeiL and to secure capital funding for the adaption work. Prlnclp#l risks The prtnctpal risks 8rc a f8ilurc to secu￿ w>itsJ FK0i￿l fimdin& and & Ixkof comThNnTty for the work. Plans bw.ng dcvelord to address IM)th i&%u&%. Pa8¢ I PRE TEIGNE A NORTON CO rry TRUST REPORT OF THE TRUSTF.F.S FOR THF. PTr;RIOD 22 SEPTEM IMAR srRUCTIIRL GOVERNANCE AND MAIYAGEMENT Governin% docuwe*t The organisation is a Charitable FIKOTp￿ (hyniwion {CIO) Incor￿1￿ ID Septeth 2021. fom%d with thc foundtition ￿nS￿lU￿OrL RecrultmeDt aDd 8PlbOllltmeMt Dew tThstee¥ Tb¢ first trustecs were elected by norniTWts(rtK fow by the Prtsleigne #TMI NortOD Town Council from the mmunity stecring w In Norton. Trustees ar¢ r4uired to re*J 8t)d cotry>ly with the Clwity Comrnlssion￿ guidatte OD the mle of trusttt4 and b￿rn¢ famili￿ wtth the CIO coThstitutsW th¢ chariiys fittancial &ff4iT& attd plans for artive projecis. Org*nHatlon*l rtrncture Thc chan.ty has a Chaw and a Secretsryrrrtawrer. There ¢losc links with the Town C.ounril, thich reccivc8 a pffjgress updatc at mottthly mecting5. and th¢ projcci streTinB group for th¢ Nottrjn Cornmunity Hth project REFERENC.E AND ADMIIYISTRAIIVE DETAIAS R¢gl$t¢red Chlrlty thumber 1195888 Prlntlpxl Address 25 Offas 6re¢ Norton Pre8iei¥ne Powys LD8 2NX Truiteej R L BAmford (appointed 29.9.21 I Chair A J Vanhuls {appointa 19.10.22) D A Edwards (appointed 19.10.22} C Kirkby lappolnted 29.9.21} J A Rcfjusse {appoiThtrd 29.921) P J I Srnith lappoi¢Jied 29.9.211 C A Ruby (appointed 29.921) Approved by order of the boArd of truskes on 20 Jamwy 2023 atkl si￿￿ OD behalf by: J A RcfHu*e- Trustee PRE TEAGNE AND NORTON COMMUNITY TRusr STA TEMENT OF FTNANCIAI. A(ThTfTES FOR TIIE PERIOD 22 SEFfEMBER 2021 TO 31 MARCH 2022 rotyl INCOME AND ENtM)WhlENfs FROM DoDations aTrJ lega¢i¢s Other trAdit)g a¢tivities 2.92] Total EXPENDITURE ON Raisin8 fuTKIs 320 320 Total NET RNCOME 8$4 854 RECONCILIATION OF TrUNDS Total fiumls brou8hi fonvard 2.584 TOTAL FUNDS CARRIED FORWARD 3.438 The Thytes forni part of these financial aatements Pa8e 3 PRFSTEIGNE AND NORTON commuN￿y TRusr BALAP4CE SHEET Total Not¢s CURRETrff ASSETS Casb atbaDk 3838 2537 5.975 CREDITORS Amounis fAlling due within one year {2.$3 (2.537) NET CURRENT ASSETS TOTAL A$S￿s LESS CURRENT LIABILITIES 3.438 3,438 Nrr ASSETS FUNDS UnK8tri¢t¢d fvnd8 TOTAL FUNDS 3.438 The financial s¢atetnents apwov¢d by the Board of TTUSte¢s and lukn1s￿ on 20 Jartuary 2023 and we signed on its behalf by.. J A Refaus%- Tn&e¢ Pa8e 4 PRLSTEIGN RTON COMMUNITY NOTES TO THE FINANCIAL STATEMENrs FOR THE PERIOD 22 SEPTEMBER 2021 TO 31 MARCH 2022 AccouKfiNG POLlCtLs B Y4sts tsf prep•rittg the slxlements The a¢¢outsis arc prepared OD a r￿c]pts ￿)d paY￿ts basis. Th¢ financial s￿¢￿¢llts aye for tbe iDdivith￿I entity onty. The fiDaDciai statements aTf westhted in Sterlmg (£X rOu￿led ty th¢ £1. Preste1￿c Nonon Commuwty Trull is 8 c1￿11•ble M￿r￿)rat￿ orgaDiS&ttOD (CIO) 4￿j its principal addr¢ss thd rwsiered ¢harkty mlmkn ¢#ll be foulld within the Report of the Tr￿le