2024-03-31-accounts - Radley Rotunda Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 25/05/2023 To 31/03/2024

Charity name: Radley Rotunda Trust

Charity registration number: 1203282

Objectives and Activities


Summary of the purposes of the charity as set out in its governing document	The Trust exists to run a new community hub, Radley Rotunda, on the village’s new housing development known as The Lawns: “To further or benefit the residents of Kennington and Radley district council ward without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents.”
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.	During this reporting period, the Trustees were making the necessary preparations to bring the community hub into being: working with the architect/project manager, raising local awareness, and recruiting helpers. The trustees: - Worked with the Parish Council’s project manager on numerous design decisions - Worked with the Parish Council and the Vale of the White Horse District Council Art Officer to select and brief a community artist - Launched the Radley Rotunda website - Held two well attended public meetings (October 2023 and March 2024) to keep residents up to date with progress, and garner ideas from future users. - Commissioned volunteers to plan the community garden
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	The public benefit is kept at the forefront in Trustee meetings. We sum this up in the following phrase: “We are not creating a building; we are creating a community.”

Achievements and Performance

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.

The Trust will start delivering its objectives once the building is
complete and opened, which we anticipate will be summer 2025.
During the reporting period, the Trustees held public meetings to
raise awareness, to start to involve new residents, and to create
an appetite for the community activities which Radley Rotunda is
set to deliver.
In the context of a large new housing development, fairly isolated
from other amenities, these meetings were an effective catalyst
for the newly arrived residents to interact and volunteer.

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	See attached
Statement explaining the policy for holding reserves stating why they are held	Not relevant at this stage
Amount of reserves held	£0
Reasons for holding zero reserves	The Trust will not start to operate fully until the building is open
Details of fund materially in deficit
Explanation of any uncertainties about the charity continuing as a going concern

Additional information (optional)

The charity received seed funding of £1,000 from Radley Parish Church (Radley, Sunningwell and Kennington Benefice). The charity’s principal sources of funds (including any fundraising)

Structure, Governance and Management

Structure, Governance	and Management
Description of charity’s trusts:
Type of governing document	CIO Governing Document
How is the charity constituted?	CIO
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	The Foundation Trustees are local residents who volunteered to take this responsibility. Future trustees will be selected by interview by the current trustees, taking full account of skills, knowledge and experience needed for the effective administration of the CIO. Before any individual is appointed as a Trustee, they will have a CRB check. Radley Parish Council, and the United Benefice of Radley, Sunningwell, and Kennington (“the appointing bodies”) may each appoint one charity trustee.

Reference and Administrative details

Charity name	Radley Rotunda Trust
Other name the charity uses
Registered charitynumber	1203282
Charity’s principal address	44 Lower Radley, Abingdon, OX14 3AY

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Name of person (or body) entitled to appoint trustee (if any)
Martha CharityPatricia Buckley
Alistair William Drummond
Christopher RoyHenderson		RadleyParish Council
Philip John Henderson	Chair	United Benefice of Radley, Sunningwell, and Kennington
Emma Jane McDermott
Robert John McDermott
Brian Robert Gordon Nonweiler

– Corporate trustees names of the directors at the date the report was approved Director name NONE

Name of trustees holding title to property belonging to the charity

NONE

Trustee name

Funds held as custodian trustees on behalf of others

Description of the assets nil held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser	Name	Address
Treasurer	Obianuju Harriet Iwobi	18 Further Wore, Abingdon, OX14 2DW

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

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) Philip John Henderson

Position (eg Secretary, Chair Chair, etc) Date 15 January 2025

Radley Rotunda Trust	Radley Rotunda Trust	CharityNo	1203282	1203282
		CompanyNo	CE032427
Annualaccountsforthe period
Period start date	25-May-23	To	Period end date	31-Mar-24

Section A Statement of financial activities (including summary income and expenditure account)

Unrestricted funds Restricted income funds Endowment funds Total funds £ £ £ £ F01 F02 F03 F04	Unrestricted funds Restricted income funds Endowment funds Total funds £ £ £ £ F01 F02 F03 F04	Unrestricted funds Restricted income funds Endowment funds Total funds £ £ £ £ F01 F02 F03 F04	Unrestricted funds Restricted income funds Endowment funds Total funds £ £ £ £ F01 F02 F03 F04
1000	-	-	1000
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
1 000	-	-	1 000

-	-	-	-
-	-	-	-

-	-	-	-
-	-	-	-

1 000	-	-	1 000
-	-	-	-
1 000	-	-	1 000
-	-	-	-
1 000	-	-	1 000
-	-	-	-
-	-	-	-

-	-	-	-
-	-	-	-
1000	-	-	1000

-	-	-	-
1 000	-	-	1 000

Charity No 1203282� Company No CE032427

Radley Rotunda Trust

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

-	-	-	-
-	-	-	-
-	-	-	-
1 000	-	-	1 000
1 000	-	-	1 000

-	-	-	-

1 000	-	-	1 000

1 000	-	-	1 000

-	-	-	-
-	-	-	-

1 000	-	-	1 000

-			-
	-		-
1 000		-	1 000
			-

1 000	-	-	1 000

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Signed by one or two trustees/directors on behalf of all the Print Name trustees/directors Philip Henderson

CC17a (Excel)

Signature of director authenticating accounts being sent to Companies House

Signature Philip Henderson

CC17a (Excel)

Section C Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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

CC17a (Excel)

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

CC17a (Excel)

Section C Notes to the accounts (cont)

Note 2 Accounting policies

2.1 INCOME

Recognition of income These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; • it is more likely than not that the trustees will receive the resources; • the monetary value can be measured with sufficient reliability.

There has been no offsetting of assets and liabilities, or income and expenses, unless Offsetting required or permitted by the FRS 102 SORP or FRS 102. Grants and donations are only included in the SoFA when the general income recognition Grants and donations criteria are met (5.10 to 5.12 FRS102 SORP).

In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in Legacies the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Gift Aid receivable is included in income when there is a valid declaration from the donor. Tax reclaims on Any Gift Aid amount recovered on a donation is considered to be part of that gift and is donations and gifts treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Contractual income and This is only included in the SoFA once the charity has provided the related goods or performance related services or met the performance related conditions. grants Donated goods are measured at fair value (the amount for which the asset could be Donated goods exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.

Donated services and Donated services and facilities are included in the SOFA when received at the value of facilities the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Support costs The charity has incurred expenditure on support costs. The value of any voluntary help received is not included in the accounts but is described Volunteer help in the trustees’ annual report. Income from interest, This is included in the accounts when receipt is probable and the amount receivable can

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CC17 FRS 102 SORP

Grants with performance conditions 2.3 ASSETS Settlement of insurance claims The charity has creditors which are measured at settlement amounts less any trade discounts These are capitalised if they can be used for more than one year, and cost at least Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Governance and support costs Creditors Redundancy cost The charity made no redundancy payments during the reporting period. Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Investment gains and losses Investments This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Income from membership subscriptions , royalties and dividends Heritage assets Deferred income No material item of deferred income has been included in the accounts. Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments They are valued at cost. Tangible fixed assets for use by charity Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Grants payable without performance conditions The depreciation rates and methods used are disclosed in note 14. Intangible fixed assets Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. 2.2 EXPENDITURE AND LIABILITIES The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. p p be measured reliably. Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. They are valued at cost. They are valued at cost. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 15. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16.
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	£1000
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CC17 FRS 102 SORP

Stocks and work in

progress

Debtors

Current asset investments

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments

Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value.

Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.

Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.

They are valued at fair value except where they qualify as basic financial instruments.

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CC17 FRS 102 SORP

Section C Notes to the accounts (cont)

Note 3 Income

Note 3 Income	Income	Income	Income	Income	Income	Income
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts 1 000 - -1 000 - Gift Aid - - - - - Legacies - - - - - General grants provided by government/other charities - - - - - Membership subscriptions and sponsorships which are in substance donations - - - - Donatedgoods,facilities and services - - - - - Other - - - - Total 1 000 - - 1 000 - - - - - - - - - - - - - - - - Other - - - - - Total - - - - - - - - - - - - - - - - - - - - Other - - - - - Total - - - - - Interest income - - - - - Dividend income - - - - - Rental and leasing income - - - - - Other - - - - - Total - - - - - - - - - - - - - - - - - - - - - - - - - Total - - - - - Conversion of endowment funds into income - - - - - Gain on disposal of a tangible fixed asset held forcharity's ownuse - - - - - Gain on disposal of a programme related investment - - - - - Royalties from the exploitation of intellectual propertyrights - - - - - Other - - - - - Total - - - - - 1 000 - -1 000 - Other information: Analysis of income Donations and legacies: TOTAL INCOME Charitable activities: Separate material item of income Other: Income from investments: Other trading activities:	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income
	Donations and gifts	1 000	-	-	1 000	-
	Gift Aid	-	-	-	-	-
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-
	Total	1 000	-	-	1 000	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

	Interest income	-	-	-	-	-
	Dividend income	-	-	-	-	-
	Rental and leasing income	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held forcharity's ownuse	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		1 000	-	-	1 000	-

All income in the prior year was unrestricted except for: (please provide description and amounts)
Where any endowment fund is converted into income in the prior period, please give the reason for the conversion. Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.




Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

CC17a (Excel)

This year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up). Last year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

CC17a (Excel)

Section C Notes to the accounts	This year £ 1 000 - - - 1 000 (c
Other Short term deposits Cash at bank and on hand Total Note 24 Cash at bank and in hand Short term cash investments (less than 3 months maturity date)
	This year £
	1 000
	-
	-
	-
	1 000

CC17a (Excel)