Ae8lst•rtd Charlty12 139821 Report ol the Trusttts arKI Slnanclal Statements For The Year Ended S Aprll 2023 The Metcalfe Charltable Trust darbys
The Metcalle Chaflt4ble Trusi Contents Charity Informatlon Report of Trustees Independent Examiners report Statement of financial activ5ties Balance sheet Notes to the financlal statements 10-16 darbys
Th• Metcalle Charlt*ble Truit Trustees Report For th• yeai ended 5 Aprll 2023 l. Continu• io provlde support foi th• benelll of the locil comftmjnlty rnalnly throu8h I, the pro¥lslon ol necessary and hl8hly demanded capilal assets and b. coniinued nnancial 5UPPOrt for speclflc events 2. The lfivèslment fund wlll be m•n•Bed In accordance wlth the 18reed SrNe5tment strateey beln8 overseen bv the RU Group. The Trust will mana8e Investment funds to sustaln: •. annual expendltufe of £83.000 Iplus RPII to be funded out ol Investrneni funds, plus b. lurther <apiial fund gr0h In Ilne wlth ènnual Inflailon or Just above. J. Further Improve a stronKef foundation ol Internal controls and systems to deler all necessary 15prects of iood governance. Specifically, Trustees aim to dellvef project5 that wlll.. Develop EnvlronmentallEeok)8lcal Improvements In vlth chan8ln8 communlty demands Renovate exlstln8 property assets and future Pfoof exisilng and new bulldlngs to provlde relevant cornmunlty facilities . Promote communlty en848ement and support continued voluntary In¥ofvement. throu8h C4)ntlnued dlrect funding and support of local clubslsocletles l Deliver Tar roce rc Pollcles and procedures wlll be lormallsed and publlshed on the Trusts Intranet. A 2023124 Budgel wlll be app¥o¥ed In accordance th ihe lon8.term Invesiment strategy. Trusiee tralning wlll be delivered in accordance vlih ih• 8uianct of the Charities C4Ynmlsslon. Contracts of Emplownent. Staff Handbooks & Tralnin8 Plans, Risk Assessments and all other necessary documentation will be createdlupdated and Sssutd as requlred lor all staff employed by the Trust. In See section below nm Trustees will engage with local groups looking to develop Improvements to trust lands where possible and relevant. Thls wlll Include projects on the recreation ground and other trust land where fundlng is affordable and benelicilon to the whole community can be justified. ol exi in mm In accordance with the dllapSdatlons report improvements will be delivered to all current bulklin8S. in Where buildlngs are In serlous need of Snvesiment due to poor conditlon the Trust will conslder rebulldin8 or changing scope of such buildlngs to 5mpiove ihe usage by, and relevance lo, the Iixal community. Such bulldin85 Include. but not exclu51ve(v. the Old Coach House. Cha(n8 Facilitie5 and Tea Rooms. all located on the recreation 8rournds. Trustees have now tarried out a publlc ron5uliation event around the re4evelopment of Ihe above buildings. and follon8 this, work Is underway wilh a local archltect and Ba55etlaw Council pl•nning department to agree a design to submlt for plannlng. The usase and relevance of the Villa8e Hall v4111 Contlnually be reviewed. Whefe changes are seen to be needed the Tnjsl will consider further investment needs with community enga8emertt bein8 SOU8ht as necessary. darbys thartered certsrd aox#Jntants
Th• M•tcallo Charllable Truit Truslees Report For tho yeaf ended S Apfll 2023 Locil c¢mrnlnull•s benelli ireiily from ilio enti and Yo1unl•ry support offered by • de ranit ol Indlvbduals, Many ol Ihe Improv•ment proiecls belni consldored by ihe Trusi c4n Invofve local people and ihus 8alv•Trlse a 51roni Splrit ol communlty Success where wolects are dellvefed Ihrou8h voluntary Involvemeni. The role of the MRC ¢¢uld be sl8nlfic•nt In thls proce$5 •nd the Trust 11 seek support Irorn Ihe MRC In many ol the prolocts bel conslderod abo. Th• Tnjsi's follllne opÈratlonal actl¥ltles afe also supported by the Metcalle Recreatlon Committee IMRCI. The commitiee conslsts ol Volunieors and usef 8foup representatives. who collectively through the committee, help to oversee specific day to day actNllles ol the Trust. They predomlnantly 5elf-mana8e the booklng and use ol l•riNtles wilh somo support provided by tht Secretary. if requlred. The Trust Is dependent on the MRC contrlbuilon and this year has worked wlih the Commlttee In revSsln8 Its Memorandum of Underslandlng •nd Constltuilon. Fln Ai ihe yeat end the Charllable Trust held the lollowin8 resefves: 2023 2022 Endowment Fund Unrestrlcted Fund 138,812 3.315.086 138,812 3,472.934 Total 3.453,898 3,611,746 Inv The policy Is to Invest In stock mafket Investments, U51n8 an Investment Platform provlder that has in A+ credit ratin8 Wlth S & P Global, with the emphasls belfft8 on revenue Ilow whilst at the same tlme almln8 lor a steady capital 8rowth io allow lor Inflationary pressures. The Trusi's lon8tf.terrn financial stfate8y aims to tye It financial stturlty n¢w •nd In the future. The TrusE1s W•*ll pla<ed to fund Its ongoing revenue expendltufe. Any income 8ener•ted Irom ihe Investmeni over and above Ihe Toiiline expenditure during iht year is relnvested to provide capi1 8rowth. The Trust's Investment Polky Is re8ularly reviewed wilh its appolnied Investment Mana8er. The aim is to malntain a minlmum freely acce$5ibk cash reserves io cover manaeernent admlnistratlon and support cosls for a perlod of at ast one year. rn The Tru5tee5 who have served durlng the year ore Ilsted on pa8e l. There are Ilve Tru51ees supported by a Secreiary who odrnlnisters the endowments ol Wlllièm Harland Metcalfe. These end¢)wments comprlse land and property in Everton together wlth investments and cash. The Trustees usuallv mtet monthly to cafry Out routine mana8ernent function5. The Charitable Trust 15 a re8lstered ch•rity and Is governed by its Trust Deed. Trustee5 are iecruited havln8 regard for the skllls required to make the charlty successful. The Trusi comprises two Trustees nornlnaied by the Parish Council. who are appoSnted lor 4 years and G4n be feappointed. and three cOP1a11Ve Trustees. The ¢o-QPtative TrL¥stees are recrulie¢J from the Parlshe5 01 Scaftworth and Everton followin8 adverts in the Parish newsletter. Co-optallve Trustees are appointed for five years and can also be reappobnted. darbys
Th• Melcalle Charllabl• Trust TfUSteeJ Reporl Fof the y•ar end•d 5 Aprll 2023 Th I111 f•sponsible l¢Y prepafln8 Ihe Trusttes, Ileport and nnanclal Statements th accordance wlih •ppU(Ible Ind Unlted Kinidom Accouniine Stèndaids Iunlled Klrydorn Genefolly Accepted Accountl Company law requlf•S iht tnisiees io prepare nnancial Siatemenu for exh financial y••r whkh • iru• and 14tr ol iht 51aie ol aflairs of ihe Chafilable TfU5t and of the Incomini reswrces Ind appl*caiion ol fesources. knchJdlfi4 iht Incornt and expenditure, of the Charltable Trust for thai period. In proparlry these fiftanchl statements. the Irustees are requlfed to: select sultable accounilng polldes and then apply them consbSt¢ntty; obseThe the rnethods and ncIPleS In the Charities SORP: make lud8ement5 and e5tlmates that are reasonable and wudeni: state whether applicable UK Accouniini StaThdafds have been followed. sublert to any materlal departures disclosed and explained in the flnandal slaternents. and prepare the financlal statement5 oft the 80ln8 concern basls unless it ts inappropriate to presume that The Chariiable Trust VAII continu• In knin¢ss. The tTUStees ife responsible for keepin8 adequate accountin8 records that support with reasonable accuricy at any time ihe flnanclal P05iilon of tho Charltable Trust. They art also respOnble for safeguardlng the •s5et5 01 the Chafliable Trust and hence lef taklnK reasonabk sieps for the prewentlofi •nd detection of fraud and other lrre8ulèrille5. In 50 far è5 the trustees are aware.. Ihefe 55 no relevanl account1 Information ol whith tht Charitable Trust's accountants are unawaft, and Ihe trustees have taken all sieps ihat ihry ou8hi to have taken to rnake themselves aware of any relevant accounting inlorm41itin ènd to establlsh that the •ccountanis are aware of thai Inlormatlon. The Tfusiees monitof Snvestments and the firtanclal position at • mlnlmum of once every three months. The rlsks io the Trust ale minimL5ed by its investment poll<y and careful conirol of costs. Operational f isks ale rninimi5ed by an Onl1 pro8ramme to modernise the amenities. improve efficiency and strict adherence to mandalory re8ulatn$ in respert of public buildinR5 and chan8es In le8islaiion. The Trustees employ expert consyltants •u0$5 a ranee of disclpllnes to ensure Operational. Property and Health & Safely risks ale reviewed and mana8ed on a coniinulng bas15. The Trustees hawe created lon8 lerm risk management plans and have Implemenied changes to malntaln and secure the loryevfity and coniinued usé of l)uildin8s. property. tree5. maAa8erneni systems. employees and oiher key asset5. darbys
Th• Metcille Ch•rltabl• Trust Trustoos Report For the year ended S Aprll 2023 The Meicalfe Charltable Trust Ctharity Numbof: 213982 fvinciple Office: 9 The Paddocks Lound Retford DN22 ODP Truslees: The Twstett of the Charitable Trusi at rhe year end were".. Mr C Harrison Mr H Spink Mrs J Bere Mrs P Backhouse Mr A kott On behall of the board AuilH>rlsed for iuue M 2(hh Novernber 2023 Mr C Harii50n . Truslee The notes en pages 10 to 16 form part of these ac<ounts darbys
Independent Eiamlner'g Report to the Iruslees ol The Melcalle Charllable Tfusl the year ended 5 Aprll 2023 I t•ptyl to the ITuStees on my examinatlon ol the xcounts ol The Metcalfe Charitable Trust Ithe Twstl lof ihe •r ended 51h A4>nl 2023. Its the thath tfUSiee5 of the Trusi you are responsible for the preparation of ihe Kcounts in accordance with the requirements ol ihe Charlties Act 20111.lhe Act,). , I'.report in respert ol my examination of the Tru51ee's accounts carried out under section 145 of the 2011 Act and carryin8 Out my examlnation I have followed all the applbcable Directions 8iven by the Charity Commlssion nder section 145ISXb) of the Acl. xamin ern I ha¥e completed my examinatlon. I confirm that no material matters have come to my attention in connertlon 4Mth the examination 8ivin8 me cause to believe that in ami maierial resptrt.. (l) acc¢)untln8 records were not kept in fespert of the Tntst as requlred by sectlon 130 of the Act. or {21 the accounts do not accord with those recofds; of 131 the accounis do nol comply with the applicable requirements concernin8 the form and content of accounts sei out in the Charities (Accounts and Reports) Regulations 2c8 other than any fequirement that the accounts 8iVt a 'true and fair view which 15 not a matter considered as part of an independent examinaiion. I have concerns and have come across no other mallers In connection with the examinatlon to whlch atiention should be drawn in thls report in order to enable a propef understanding of the accounts to be reached, A M3nsell ACA Oarbys Limiied Chartefed Certified Accountants 19 The Square Rerford Notlinghamshire DN22 6DQ 20th November 2023 darbys
The Metcalle Charltable Trust si4temeni of Fln•nclal Aciivltles lor the year •nded 5 Aprll 2013 2023 Total Funds 2022 Total Funds Unrestrlcted Funds Endowment Funds Ificoml rnsources Note Incomlne resources Irom yTheraied lunds: Donaiion5. le8acles & 8rant5 Club contributlons 11,331 11,331 10,222 Investment Income Rent receSvable Marketable securities Bank interest Other Income Total Incoming resources 9,487 10,638 182 982 32,620 9,487 10,638 182 982 32.620 5.298 5,207 $34 21.262 Resources expended Cost of 8eneratin8 funds Property Recreation committee Investment costs 1.104 12.924 12,980 1,104 12,924 12,980 1.240 4.363 13.084 Charitable activitles Village Institute and recreation 8round 79,889 79,889 66,989 106,896 106,896 85.677 Net Incomellexpenditurel 174,276} (74.2761 164.4151 Transfers between fund5 Galns/lLossesl on Investment assets {83.572) 183,5721 276.629 Net movement In funds io (157,8491 (157,8491 212.214 3.472,934 138,812 3,611,746 3.399.532 Total funds carrie¢J forward 3,315,086 138,812 3,453,898 3,611,746 darbys chartered certified accountants
The Metcalle Chafltable Trust Balan¢• Sheet as at S Aprll 2023 2023 2022 Note Flxed assets lan8ible asseis ve5tmentS 104,152 3,294,242 110.997 3,447.177 Current assets Debiors Bank accounts 3,398,394 3,558.174 15,505 41,S67 13,158 41,313 Credltors Amounts fallin8 due within one year 57,072 54.472 1,570 Net current a55ets 55.502 53.572 Total assets less current Ilabllltles 3,453,898 3,611,746 Net assets 3,453,898 3,611,746 Endowment Fund Unrestricted funds Unrestficted revaluatlon fund 138.812 386,054 2,929,032 138.812 460,330 3,012.604 Total lunds 3.453,898 3,611.746 Approved by the Mètcalfe Charitable Trust on 20th November 2023 and signed on its behalf by: r C Harrlson- Trustee The notes on page5 10 to 16 form part of these accounts darbys
.1( The M•tcalfo Charllabl• Truil Notes io the flnanclal slatern•nii lor Ihe year ond•d 5 Aprll 2023 Accounllni pollcles Accouniini conventlon The financial statements have been prepared in accordance with Accounting and Reporting by Charitles: Statement of Recommended Practice appllcable to charitles preparing their accounts In accordance with the Financial Reportin8 Standard appllcable In the UK and Republlc of Ireland (FRS 1021 (effective l January 20151 (Charities SORP IFRS 1021). the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Assets and Ilabllitles are Initially reco8nised at historical cost or Iransaction value unless otherwise stated in the relevant accountin8 policy note. Golng Concern The Trustees consider that there are no material uncertalnties about the Charity's ability to continue as a 8oln8 Concern nor any significani areas ol uncertainty that affect the carryln8 value of assets held by the Chaflty. Accumulated Funds Permanent Endowment Fund.. Thls is iepresenied by ihe probate values of the properties used for the purpose of the Trust net of permitted disposals. Under the terms of the Trust's Governln8 Instrument the endowment cannot be realised to supplement the Charity's income èvailable to lurther the Charity's objectives. Flxed Assets Freehold properties are recorded at probate value plus Improvements at cost. Depreclatlon The freehold properties probate value5 are not depreciated as In the opinion of the Trustees their fesidual value is far in excess of their probate values, A5 these propertie5 are (upIed for charltable purposes and are kept in good repair. the TfUStees do not con&der any depreciation would be material. Property enhancements are depreciated over 30 yeafs. Recreatlon ground equipment net of residual value is wrltten off over its useful economic Ilfe at a rate of 20% per annum on a strai8ht line basis. darbys
-11- The Metcalfe Chailtable Trust Not•s to the flnanclal statements for the year ended 5 Aprll 2023 Investments Freehold Propertles The freehold properties held for the purpose of investment are valued at their estimated market value. Any 6ain or loss on revaluation is taken to the Statement of Financlal Actlvlties. L15ted Investments The listed investments are recorded at their market values as provided by the Trusts fund managers. Any 8ain orloss is taken to the Statement of Flnanclal Activities. Investment Income Investment income Is accounted for a5 follow5- Listed - amounts receivable during ihe year. Short Term Deposits - amounts receivable durin8 the year. Rents- amounts feceivable durln8 the year. Donatlons and L•8acles Donations are reco8nised when the Charity ha5 been notlfied in writin8 of l)oth the amouni and settlement date. In the event that a donation is subject to condilions that requlre a level of performance by the Chariry before the Charity is entitled to the funds. the Incorne is deferred and not recognised ur)til eiiher those conditions are ful met. or the fuifilment of those condltions Is wholly within the conirol of the Charity and it is probable that these conditions will be fulfilled in the reporting period. Expendliure All expenditure is recniSed once there is a le8al or constiuctive obllgation to that expenditure. its probable settlement Is requlred. and the amount can be measured rellably. 1.10. Value Added Tax The Charity is not registered for Value Added Tax and is therefo unable to reclaim Value Added Tax on its expenses. Expenditure in these financial statements is therefore shown indusive of Value Added Tax. darbys 4**red rtifIed acojjntsnts
sAqJEP LL9'S8 968,[ 688'6L Lc,Lz papuadxa sa)JnosaJ ieioi 686,99 TEL LOE'I trI8'S 688'6L 598.1 9Elv'T L6E'6 trS6 990.1 Str8.9 OES'EI E08'1 IfE'9 189'5T 688'6L 598'T 9Elv'T L6£,6 iuawdinb3 OJ SJ!Eda¥ saljpuns ItlJEJaJ3as a)ueJnsui saa4 IEUOISSalOJd upiuno))v uo!]eiJaJdèa spunoJ9 ¥ Ayadojd OJ sJ!edèy SJaUEai) pue sJa¥eiaJe) saaj ueuJspunoJ9 IioJAed 6TO'T 5tr8'9 6tr9'L LEL'I STr8.9 OES'ET £08. ZTE'9Z T89'SI S8l'SI tr80'ET 086.ll 086'ZI sèal Jaseuew pun E9É'tr IvZ6'IT EST os EST sasuadxa Ajpuns aa J u815aa 51119 •)UEMOllV aJlJJO s.AJeJaJJas sai0¥ S•aS IDUOISSaloJd JDaH ? 14017 JaJOM saiJiAIi)V/sJuaA3 a)UOUèlUlDVI PUD SJIDda¥ swèii Jouiw sJa¥oJaJD) sale IEaH ? iy811 JaJPM a)ueuaiu!ekN pue sJieda)J ZE Etr9 tr5 EtrE EIL £611 06S E9 6S £9 6SL LEg'9 99tr LE8.9 99tr sz OT osi 8tr9 81 troi 08 otrz'i QT'I trOl'T ales Ayadojd saal IE8ai sale¥ saag ieuo!SSaJoJd 8uiuEal) pue sJieda¥ aJueJnsui uoissiwwo) 8uiiiai oj 08 6SI T09 trOT'I trOT'T Iyoi IAii)e aiqe)!Je4J Jlo spun4 paiEJaua9 10 isoj Itloi papuadxa s•)Jnos•¥ 'i EZOZ Iijdv s p•pu• ieaA ayi Joi uawaieis Iti)U¢UU a4101 SalON isnji •iqtllJl4) ali¢)ia a41
.1 Th• Metc•lf• Charltabl• Trust Notes lo ihe flnan¢lal ilatemonts for ihe yeaf endod s Aprll 2023 3. Staff costs Staff Costs were: 2023 2022 Honorarla and Fees 18,484 18,022 The average weekly number of staff employed bythe charity durin8 the year wa5 Is lollows: 2023 2022 Olrect Charitable Work No Trustee retelved any remuneration. No amounts were reimbursed io Ihem for travel expenses. 4. Tanglble flxed assets Freehold Land & Bulldin8s Plant & Equipmèni Total At 6 April 2022 Addition- Toro Reelmaster 122,698 49.220 171,918 At S Aprll 2023 122.698 49.220 171.918 At 6 Aprll 2022 Charge 26.372 2,063 34,549 4,782 60.921 6,845 Al S Aprll 2023 28,435 39.331 67,766 et At 6 April 2022 96,326 14.671 110,997 At S April 2023 94,263 9.889 104,152 darbys chartered rtifIed accountsnts
Th• M•iull• Ch•rtiabl• TnNt Notés to lh• fin•nthl slatqrnents lor the 11 •nd•d 5 Aprfl IOIJ 4. Tan11* flx•d assets l¢onl'd) Froehold Trd ind bulkliws can be fvrth¢r inalysed Is lollows:. Instituto EvtnQn - 20IO Altef•tl¢ 1011 Altei3tion 49.578 969 PIM Cotia . Ofliln•l - 2010 Afttralion - 2012 Aftwatl¢)n 16.th)7 10.752 576 Thonwwn iaftd 370 Cost at S Aprll 2013 122.698 The nei book valut ot S Aprll I023 wepiesents Ilxed assets fw. Endowment Fund Freehold L•nd and Piopertv uheStrIcted Land and Prowrty Un.festfirted ani at)d Equymeni Total Charlty A(tlvity Purposes 63.825 30,438 9.889 104.152 5. InsImnIS Marketable S•oJrltleJ Prop¢rtles 2013 2022 M•rketValue at 6 Aprll 2022 Addltions Olsposals IL055IIPwofit on Investrt$ Ae¥aluailon ot investmenis 3,447.ITI 10,638 3.447.177 10,6J8 3.238,OfA 5,817 -73.333 -83.572 43,572 276.629 MafketV•lue at 5 ApTU 2023 3.294.242 3.294.242 3,447.177 darbys
.15. Th• M•lc•ll• Charltabl• Tiuit Noles lo th• Ilninclal slalernents lof th¢ year ended S Apfll 2023 6. Debtor5 and prepiyrnents Arnounts lallini due wllhln one year.. 2023 2022 Manailn8 A8enrs Prepayment5 15.425 13,158 15.505 13.158 7. C45h at bank and In hand 2023 2022 Deposlt Accouni Balanco - Rerreatlafi Commlllee Dep051t Account Balance . Trust Current Account . Recfeaiion Committee Current Accouni - Trusl Cash Account- Recreation Comffllttee Ae8on Cash Funds S,632 5,617 14.937 7,969 259 12.770 14.350 6.528 217 14.601 41.567 41,313 8. Credltors 2023 2022 Arnounts lallln8 dsJe wlihln oThe year.. Acuued expenst5- Accountancy Deferftd Income 670 1,570 9. An*lysl$ ot n¢t •5sets between funds Unrestrtrted Endowment Total 2022 Tan8lblt fixed assels Current assets Cufr¢ni Ilabllitles 3.259.S82 57,072 1,570 138.812 3,398.394 $7.072 1.570 3.558, 174 54.472 3.31S,086 138.812 3.453.898 3.611.745 darbys
.1 The Metcalfe Charltable Trust t4otes to the flnanclal Statements lor the year ended S April 2013 10. Movement In funds Asat 06104122 Incomln8 resources Outgoln8 resources Transfers Asat OS/04123 wm Fun Permanent Endowment Fund 138,812 138.812 138,812 138,812 nr un Desl8nated Fund General Fund 460,330 32,620 106,896 386,054 Revaluatlons Fund 3,012.604 83.572 2,929,032 3.472.934 32.620 190,468 3.315.086 Total Funds 3.611,746 32.620 190.468 3,453,898 darbys