Trotters Charity Registered Charity No. 211827
Report and Financial Statements Year Ended 30 June 2021
Trotters Charity
Annual Report and Financial Statements for the year ended 30" June 2021
| CONTENTS | Page |
|---|---|
| Report ofthe Trustees | 3 |
| Legal & Administrative Information | 4 |
| Receipts& Payments | 5 |
| Statement ofAssets and Liabilities | 5 |
| Notesto theAccounts | 6 |
| IndependentExaminer’sReport | 7 |
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Trotters Charity Report of the Trustees for the year ended 30" June 2021
The trustees present their report together with the annual accounts for the year ended 30" June 2021. The financial statements have been prepared in accordance with accounting policies set out on Page 6 and comply with the Charity’s trust deed and applicable law.
Legal and administrative information set out on the next page forms part of this report.
CONSTITUTION AND OBJECTIVES
The Trotters Charity was constituted on 21°t December 1892.
The objects of the charity are the provision and management of 10 Almshouses situated in Coleford, Gloucestershire.
ORGANISATION
The Trustees who have served during the year are set out on Page 4 and meet at least quarterly. The Charity is affiliated with Coleford Baptist Church with the Minister and Deacons of the Church being appointed as the sole Trustees of the Charity. Deacons are appointed by the members of Coleford Baptist Church and serve for a period of three years after which time, they may, if nominated again, stand for re-election.
REVIEW OF ACTIVITIES
A full review of all activities of the charity can be found in the annual report, prepared, updated and delivered to the Trotters Charity AGM.
PUBLIC BENEFIT
The trustees have complied with their duty under Section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charity Commission.
RISK REVIEW
The trustees review and assess the major risks to which the Almshouses are exposed, and systems have been, and continue to be established, to mitigate those risks.
RESERVE POLICY
The Charity endeavours to maintain adequate reserves to cover on-going running costs as well as capital repairs and maintenance.
TRUSTEES RESPONSIBILITIES FOR THE FINANCIAL STATEMENT
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
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(i) Select suitable accounting policies and apply them consistently under advisement; (ii) Make judgements that are reasonable and prudent; (iii) State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
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(iv) Oversee the preparation of the financial statements on an ongoing concern basis unless it is inappropriate to consider that the charity will continue to operate.
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Trotters Charity
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Shared with the trustees and signed on their behalf by
Andrew Smith - Secretary
LEGAL AND ADMINISTRATIVE INFORMATION
| Charitable Status: | Trotters Charity is | a Registered Charity, No. 211827. |
|---|---|---|
| Trustees: | Maria Smith | |
| Linda Eggl | ||
| Avril Nixon | ||
| Kath Robertshaw | ||
| Jane MacBean | ||
| Mary Ellen Davis | ||
| IvorGreen (Resigned October 2020) | ||
| Anthony Howarth | ||
| Helen Creber (Resigned October 2020) | ||
| Secretary& Treasurer: | Andrew Smith | |
| Victoria Gardens, | ||
| Bankers: | LloydsTSB Bank Pic, 19 Market Place, Coleford, Glos GL168AF | |
| Independentexaminer: | StevenSchofield |
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Trotters Charity
Trotters Charity Statement of Accounts 2020-2021
| Receipts | Expenditure | ||
|---|---|---|---|
| Rents | £17,902.85 | Water | £3,512.60 |
| Heating | £7,475.50 | Repairs | £10,586.74 |
| Linkline | £1,115.50 | Fees | £725.00 |
| Insurance | £21.26 | Insurance | £1,147.70 |
| TV Licence | £30.00 | Gas | £7,183.52 |
| Water | £3,204.25 | Linkline | £973.50 |
| NAACIF | £477.40 | Electricity | £520.62 |
| Interest COIF 1 | £2.28 | Council Tax | £0.00 |
| Interest COIF 2 | £9.94 | Admin | £150.00 |
| TV Licence | £37.50 | ||
| NAA Sub | £182.00 | ||
| Sundries | £61.41 | ||
| £25,080.59 | |||
| Surplus in year | £5,158.39 | ||
| Total | £30,238.98 | Total | £30,238.98 |
Statement of assets and liabilities as at 30th June 2021
| Balances | 01/07/2020 | 30/06/2021 | Movement |
|---|---|---|---|
| Lloyds | £32,819.86 | £37,966.03 | £5,146.17 |
| COIF No 1 | £5 875.82 | £5,878.10 | £2.28 |
| COIF No2 Maint Total |
£25,536.84 £64,232.52 aol |
£25,546.78 £9.94 £69,390.91 £5,158.39 EE————eeeeeee |
In addition the Charity holds the following investments:-
| Value | Value | |||
|---|---|---|---|---|
| ENDOWMENT FUND | No shares | Price (p) | 30/06/2021 | 30/06/2020 |
| NAACIF Shares | 13,640 | 88.97 | £12,135.51 | £10,636.47 |
| Extraordinary Repair Fund | ||||
| NAACIF Shares Accumulation | 1168 | 10029.16 | £117,140.59 | £98,244.33 |
| COIFCIF Shares Accumulation | 205.41 | 22388.7 | £45,988.63 | £38,958.27 |
| Total | £175,264.73] | £147,839.07 | ||
| PROPERTY ASSETS | ||||
| Almshousesinsuredfor | £903,700 |
These accounts have been approved by the board of trustees on 23" November 2021 and signed on their behalf by:
Name: ANTo Ww] tow ACTH
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23 | i ] L |
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Trotters Charity
Notes to the financial statements for the year ended 30th June 2021
1. Accounting Policies
a) General
The financial statements have been prepared on a Receipts and Payments basis.
b) Income
Income is included on a cash basis and allocated directly to receipt headings.
c) Payments
Payments are included ona cash basis and are allocated directly to payment headings.
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Independent Examiner’s Report to the Trustees of Trotter’s Charity Number 211827 for the Year ended 30 June 2021
| report to the trustees on my examination of the accounts of Trotter's Charity (the Charity) for the year ended 31 June 2020.
Respective responsibilities of trustees and examiner
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’)
| report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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Accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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The accounts do not accord with those records.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable proper understanding of the accounts to be reached.
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Signed: —, <a i ——y
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Steven Schofield
Associate, Chartered Institute of Management Accountants
Address: 67 Robin Road, Corby, Northants NN188FH
Date: [mS -—i(- 2 |