REGISTERED CHARrrY NUMBER: 213077 TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR EPPING & THEYDON GARNON JoiTrrr cHATrEs Haslers charter Accountants Ohl Station R¢)> Loughton Essex IG104PL
EPPING & THEYDON GARNON JOINT CHARITIES copirEKfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Page Trustees. Report I to 3 Independent Examinerfs Report Statement of Financial Activilies Balance Sh8et Note5 to the Financial Statements 7 to 10 Detailed Ststement of Financial Actsvities
EPPING & THEYDON GARNON JOINT CHARMES TRUSTEES, REPORT FOR THE YEAR ENDED 31 K4RCH 2021 The Iruslees present their report the finanual statements of the chatity for the year ended 31 March 2021. The trustees have adopted the prowsions of Accounting and Reporting by Charities.. Statement of Recommend PraCte appIable to charities preparing their accounts in accordance w((h the Financial Reporting Standard applicable in the UK and Republ of Ireland IFRS 1021 (effective 1 January 2019). OBJECTIVES AND ACTIVMES Objectives Relief in need and educatson for pwle Ibmng within the anLaent parishes of Epping arKI Theydon Gamon, Essex and the provision of almshouses. Activities Annual grants for edLEcation and relief of those in finartial ne&1. grnnts lo o¥ganisations worknng in the area of benefit and maintnIng the amshouses. Public benefrt When planning our activitses for the year, the trust have eonsider&l the Coninission's guidance on public benelrt. All activities of the Charity were Caled out for the soldy charitable purposes as set out in the Charity Commission Scheme. ACHIEVEMENT AND PERFORMANCE For the year April 2020 to 31st March 2021 During the year the Trustees have been unable to meet in person due to the pandemic. They have held two meetings during this time. bcrth of whh took pe via zn {cne on 15th DeCber 2020, and one on 2nd arch 2021}. The AOuntS for the Charities are heafthy and all properties are lenanted. with rent being paid on time. Grants have been paJ out as fc41ows'. From the Education Chartty." ALx)ut £5,600, towards students. St a1 educational travel. plus finanual support lo one adu r&training in mental heaNh. Grants were also paid to a kM31 playgroup to support their running. and also towards the start-up of a church4ed educational OffJanisation CAlled Lffe Skills. Grants were paid to the local gid guiding group, and £1,050 vra5 paid to Epping Uptands Primary School to provide counselling sessions to children m05t adversely affect&J by the pandemic. From the Relief-in-Need Charity: £500. whth was prowded to suwort a lady whose home was invow in the fire on Hemnall stet Unfortunately, the usual Chrislma5 Lunch for k)cal vrds not able to be held in Dmber 2020 due to the pandemic. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Charity Commission Scheme dated 28th Seplember 1978 Recruitment and appointsnent of new trustees The ex-offiao trustees a the vh?rs of Epping. Eppir¥J Upland, Theyth Gamon and cpe[saIe. NominatNe trustees include three rnbe[s of Epping Town Council. one member of Epping upnd Parish Council and one member of Theydon Gamon Parish Counc#l. AddOnal Irust*s Can be apwnted at the discretion of the tILtee$ as C(poptattve merntrrs. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 213077 Page 1
EPPING & THEYDON GARNON JoIKr CHARITIES TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 Principal address St John's House St Johns Road Epping Essex CM16 5DN Trustees Revend L Batson Mr R Taylor Mr R Clay (Chairman) Mr H Pegnjm Mrs Wwebb Mr D Tellow Mr M R ChaF)man (Clerk to the Trustees) Mr R Brady Mrs B Scrulon Reverend J Fry Mr J Bart)er Independent Examtner HasrS Chartered Accountants Old Station Road Loughton Essex IG10 4PL Banke Barclays Bank P 183 High Street Epping Essex CM16 4BH Solicitors Wade & Davies Solicitors 28 High Street Great Dunmow Essex CM6 1AH Charity also known as.. Epping & Theydon Gamon Joint CharrtEs EppirvJ & Theydon Gamon Education Chanty Eppiro & They(kJn Gamon Rebef in Need Charty STATEMENT OF TRUSTEES. RESPoNsITIEs The trustees are resFonsible for preparing the Trustees, Report and the ffnanc¢al statements in accordan with applicable law arKI Un*ed King(h)m Accounb"ThJ Slandards (Unrted Kingdom Generally Accepted Accountrng Practi1. Page 2
EPPING & THEYDON GARNON JOINT CHARITIES TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 STATEMENT OF TRUSTEES. RESPONSIBILMES - continued The law applicable to charities in England arml Wales, the Chartbes Act 2011, Charity {Accounts and Reports) ReguLions 2008 and the pThisrons of the trust deed requires the trustees to prepare financial statements for each financial year whh give a true and fair wew of the stale of affairs of the charty and of the incoming resources and application of resour, Iruding the income and eypenditure, of the charity for that period. In preparing those financial stslements. the trustees are required to select surtable acc£Jurrting poliaes and then appty them nSIstenly., observe the methods and principles in the Chanty SORP", make judgements and estimates that are wsonable ar prudenl.. prepare the financkAI statements on the going ¢oncem basis un$ it is inproprtate to presurne tral the charity wll continue in business. The trustees are respOrIble for keepirtsJ proper accounth.ng reccKds whth di%dose with reaso[b accuracy at any time the financial position of the tharity and to enab them to ensure that the finarrial stslements comply wtth the Charrties Act 2011, the Charty (Accwnts and Reports) Regulations 2008 and the provisions of the trust deed. They a akn responsible for safeguarding the assets of the charity and hen for taking reasonab steps frjr the preventH)n and detection of fraud and other irwulaiitses. Approved by orderof the board of trustees on ...... and signed on its behalf by.. Mr R Clay- Trustee Paje 3
INDEPENDEvf EXAMINER'S REPORT TO THE TRUSTEES OF EPPING & THEYDON GARNON JOINT CHARtTIES Independent examinerfs report to the trustees of Epping & Theydon Garnon Joint Charities I report to the charity tNstees on my examInatn of the accounts of Epping & Theydon Gamon Joint Charilies (the Trust) forthe year ended 31 March 2021. Responsibiltbes and basis of report As the charity twslees of the Trust you are resnSible for the preparation of the acujunts in accordance with the requirements of the Charitres Ad 2011 1.the Act). I report in respect of my exarnination of the Trusvs aUnts c2med otrt under section 145 of the Act and in carrying out my examination I have followed all applk2ble DilOnS given by the Charity Commission under secbon 145{5){b) of the Act Independent examinerfs statement I have completed my examinalK)n. I confimi that no ma8rial matters have come to my attention in connection with the examination gwing me cause to belEve that in any material respecL aUntIng records were not kept in respect of the Trust as required by secon 130 of the Act". or the accounts do not aecofd th those rectyds", or the accounts do nL comply with the appIlble UIrementS conceming the fomi and content of accounts sel out in the Chanties (Accounts arKI Reports) Regulations 2008 other than any requirement tw the accounts gtve a true and fair Mew is not a mattèr considered as part of an indepen¢*nt examination. I have no concems and have come a(Yoss no other matters in connectk)n with the examination to which attention should be drawn in thk8 report in order to enable a prc¥)er understanding of the accounts to be reached. P Thain FCCA Haslers Chartered Accountants Old Stslion Road Loughlon IG104PL Date.. 8 October 2021 Page 4
EPPING & THEYDON GARNON JOINT CHARMES STATEMENT OF FINANCIAL ACTIVlllES FOR THE YEAR ENDED 31 IAIARCH 2021 2021 Unrestricted funds 2020 Total fund5 Notes INCOME AND ENDOWMENTS FROM Investment income 85,516 69,094 EXPENDITURE ON Raising funds 14,341 15.660 Charitable actfvilies Relief in Need Educab'on 1.1CK) 4,078 4,477 6.880 Total 19.519 27,017 NET INCOME 85,997 42,077 RECONCILIATION OF FUNDS Total funds brought forHard 2,494,380 2,452,303 TOTAL FUNDS CARRIED FORWARD 2,560,377 2,494,380 The rk)tes fomi part ofthese financial statements Page S
EPPING & THEYDON GARNON JOINT CHARITIES BALANCE SHEET 31 IRCH 2021 2021 Unrestricted funds 2020 Total funds Notes FIXED ASSETS Investment property 2,350,000 2,350,000 CURRENT ASSErs Debtors Investments Cash at bank and in hand 105 62,558 81,717 76,054 134,323 210,377 144,380 NET CURRENT ASSETS 210.377 144,380 TOTAL ASSETS LESS CURRENT LIABIUTIES 2,560,371 2,494,380 NET ASSETS 2.560,377 2,494,380 FUNDS Unres1rKtI funds 10 2,560,377 2,494,380 TOTAL FUNDS 2.560,377 2,494.380 The ffinanal statements were approved by the Board of Trttee5 and authorised for issue on .. and were signed on its behaff ty. Mr R Clay- Trust The notes fom part 0fth financ4aJ ststwner
EPPING & THEYDON GARNON Joifrrr CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POUCIES Basis of prepartng the financlal statements The finan¢k81 statements of the chanty, whth is a public beneffl erbtty under FRS 102. have been prepared in accordan with the Charibes SORP (FRS 1021 'Accounting and Reporting by Charities.. Sialemenl of Recommended Pract applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191.: Financial Reng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. a1 the Charibes Act 2011. The finan21 statements have been prepared underthe histon(31 cost conventton. IoMe All incorne is recognised in the strtenI of Finanaal ActiviiEs once the charity has entitlement to the funds. rt is probable that the inwne wll be rNed and the amunt can be measured reliably. Expenditure Liabil.es are recognised as expe?diture as soon as there is a legal or construch.ve obligation commrtting the chanty to that expenditure. rt is probable that a transfer of economic benefrts will be required in setuement and the anK)unt of the obligation be measured rèlkAbly. Expenditure is accounted for on an arualS basis and ha5 been classffi under headings that aggregate all cost lated to the category. Where costs (znnot be directly attributed to particujar headings they have been allocated to athtiie5 on a basis consistent wrth the use of rU[ce9. Grants offered subj.ect to cA)latiOnS whh have not been met al the year end date are notèj as a commttmenl but not accrued as expenditu. Investrnent property Investment propety is sh¢Jvn at mc61 rent valuation. Any aggregate surplus or defi1 arising frorn changes in fair value is recc¥Jnis&J in the Statnt of FInCIal Adivrties. Taxation The charity is exempt from tax its charitab a(t$. Fund a¢counting Unrestricted funds can be used in accorda with the charitajle obj'ethves at the discretion of the trustees. Restricted funds can only be US for p&ffjcular restrKaed purposes within the objects of the charity. Restrictions are when specrfied by the donor or when ftjnds are raised for particular restricted purposes. Further expnati of the nature and purpose of each fund is induded in the nces to the financial statements. Pension costs and other post-retirement benefits The charity operates a defined contribution Ktnsion scherrE. Ccmrtributions payable to the charity's pension scheme are charged to the Stment of Finanaal Aclivities in the pericrtl to whh they relate. Page 7 continued...
EPPING & THEYDON GARNON JOINT CHARITIES NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2021 INVESTMENT INCOME 2021 Unrestricted funds 2020 Total fund5 Rents Almshouses Rent Sionards Fami Deposit account interest Gains on Investments 31,244 39,021 1.754 13,497 29,780 39,021 1,745 {1,452) 85,516 69,094 RAISING FUNDS Investment management costs 2021 Unrestricted funds 2020 Total funds Support costs 14.341 15,660 TRUSTEES. REMUNERATION ANO BENEFITS There were no trustees, remuneration or other benefits ksr the year ended 31 March 2021 for the year ended 31 March 2020. Trustees. expenses There were no trustees, exKEnses pad for the yw ended 31 March 2021 Mr for the year ended 31 March 2020. STAFF COSTS The average monthty number of&nployees during the year was a5 follthvs.. Support 2021 2020 No employees TVed emoluments in excess 0f£60.¢x. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Unrestricted funds INCOME AND ENDO7M1EKfs FROM Investment incon 69,094 EXPENDITURE ON Raising funds 15,660 Charitable activities Relief in Need Education 4,477 6.880 Total 27,017 Pe8 eontinued...
EPPING & THEYDON GARNON JOINT CHARITIES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES- continued Unrestricted funds NET INCOME 42,077 RECONCIUATION OF FUNDS Total funds brought forKard 2,452,303 TOTAL FUNDS CARRIED FORWARD 2,494,380 INVESTMENT PROPERTY FAIR VALUE At 1 April 2020 and 31 March 2021 2.350.000 NET BOOKVALUE At 31 March 2021 2,350,000 At 31 March 2020 2,350.000 DEBTORS: Amoupifs FALLING DUE WITHIN ONE YEAR 2021 2020 Prepayments 105 CURRENT ASSET INVESTMENTS 2021 2020 Inveslmenl Assets 76.054 62,558 10. MOVEMENT IN FUNDS Net movement in funds At 3113121 At 114120 Unrestricted funds General fvnd 2.494,380 65,997 2,560,377 TOTAL FUNDS 2,494,380 65,997 2,560,377 Page 9 L¥Jntinued...
EPPING & THEYDON GARNON JOINT CHARMES NOTES TO THE FINANCIAL STATEmErs - ¢ontinued FOR THE YEAR ENDED 31 MARCH 2021 10. MOVEME IN FUNDS - continued Nel moverrEnt in fijnds. induded in the above are as folkws.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 85,S16 {19,519} 65,997 TOTAL FUNDS 85,516 119.519) 65,997 Comparative5 for movement in funds Net movement in funds At 3113120 At 114119 Unrestricted funds General fund 2,452.303 42,071 2,494.380 TOTAL FUNDS 2.452,303 42,077 2,494,380 coMpative rt nM)ven*nl in funds. includpAI in the above are as f(4lows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 69,094 127.017) 42,077 TOTAL FUNDS 69,094 {27,017) 42,OTI 11. RELATED PARTY DISCLOSURES There were no reLoted party trdnwtions forthe year end&1 31 March 2021. Page 10
EPPING & THEYDON GARNON JOINT cHATIEs DAlLED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 INCOME AND ENDOWMENTS Investment income Rents Almshouses Rent Slonards Fami Deposi( account inler8St Gains on Investmenls 31,244 39,021 1.754 13.497 29,780 39,021 1,745 11,4521 85,516 69.094 Total incoming resources 85,516 69.094 EXPENDITURE Charitable activities Grants to inslttutions 5,178 11,357 Support costs Management Wages Pensions Insuran Telephone Sundnes Office expenses maintenan and repairs Room hire Professional fees 7,020 590 3,656 450 11K) 7.020 578 3,225 429 470 890 2,367 45 636 1,(E1 597 14,341 15,860 Totsl resources expended 19,519 27,017 Net in¢orne 65.997 42,077 This page dce5 not form part of the statittY financial State[Tnts Paje 11