## **Trustees’ Annual Report for the period**
**From 1.1.2021 Period start date To 31.12.2021 Period end date**
## **Charity name: Babington’s Charity**
## **Charity registration number: 220069**
## **Objectives and Activities**
**----- Start of picture text -----**
SORP reference
Summary of the Para 1.17 To manage our property assets
purposes of the charity and apply the income to residents
as set out in its of the parish of Cossington,
governing document Leicestershire in financial
hardship, aged under 25 and
undertaking apprenticeships or
further education, to assist the
village school and to offer general
or individual benefit to the
inhabitants of said parish.
Summary of the main Para 1.17 and Grants made to individuals
1.19
activities in relation to requiring financial support to
those purposes for the help with living expenses.
public benefit, in To offer grants to students and
particular, the activities, apprentices.
projects or services To support Cossington C of E
identified in the school in such a way to benefit
accounts. pupils.
To support the Church and Village
centre development project.
Statement confirming Para 1.18 All decisions are made with due
whether the trustees regard to Charity Commission
have had regard to the guidelines and in accordance with
guidance issued by the our scheme
Charity Commission on
public benefit
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**----- Start of picture text -----**
SORP reference
Hardship grants and student
Para 1.38 grants are not means tested
Policy on grant making although local knowledge is
applied to inform decision
making.
N/A
Para 1.38
Policy on social
investment including
**----- End of picture text -----**
program related investment **The Charity consists of 6 trustees** Para 1.38 **and no other volunteers.** Contribution made by volunteers Other
## **Achievements and Performance**
**----- Start of picture text -----**
SORP reference
We continued to support
Cossington School with two
grants which the school apply
Summary of the main according to their needs and
Para 1.20
achievements of the knowledge as educational
charity, identifying the professionals.
difference the charity’s We supported one family with the
work has made to the costs of sending their children on
circumstances of its a school trip.
beneficiaries and any We funded a stair lift to a person
wider benefits to society in need.
as a whole. We continued with dole payments
to two residents in need of
financial support.
We supported a variety of
students and apprentices with
financial grants to assist with
their studies.
We sold one property and hold
the money in reserve in COIF to
honour a commitment to support
the development of a church and
village centre.
We developed the following
policies:
Finance
Grant-making
Complaints & Confidentiality
Data Protection
Safe-guarding
Equality & Diversity
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**All achievements have been in line with our scheme registered** Achievements against Para 1.41 **with the Charity Commission** objectives set
**----- Start of picture text -----**
We do not operate fund-raising.
Our income comes from rental
Performance of income from houses, a car park
fundraising activities Para 1.41 and allotments that we own. We
against objectives set use this income to maintain our
properties and meet our
charitable objectives.
We invest with COIF as we
consider this to be a very safe
Investment performance Para 1.41 investment fund. Progress of this
against objectives fund is monitored regularly.
Other
**----- End of picture text -----**
## **Financial Review**
**----- Start of picture text -----**
Review of the charity’s Para 1.21 The charity is currently in a very
financial position at the strong financial position,
end of the period particularly following the sale of
one of our properties. A
substantial proportion of this
money is pledged towards the
development of a Church and
Village Centre but will not be
donated until the project is ready
to start.
Statement explaining Para 1.22 We always aim to hold a
the policy for holding substantial reserve circa £20-
reserves stating why £30k should property
they are held maintenance be required.
Amount of reserves held Para 1.22 £381,460
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially Para 1.24 N/A
in deficit
Explanation of any Para 1.23 N/A
uncertainties about the
charity continuing as a
going concern
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
**----- Start of picture text -----**
Income from rental of 6 domestic
properties, pub car park and
The charity’s principal allotments.
sources of funds Para 1.47
(including any
fundraising)
Funds are invested in COIF.
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
Lack of maintenance of property
thus allowing our assets to fall
A description of the Para 1.46 into disrepair.
principal risks facing the Non payment of rents by tenants.
charity Said risks are mitigated by
employing professional letting
agents (Leaders, Loughborough)
who regularly inspect the
properties and who also employ a
strict vetting process for new
tenants, with an additional
insurance being taken out by the
charity during the early part of a
tenancy to mitigate against non-
payment of rent.
**----- End of picture text -----**
other
## **Structure, Governance and Management**
**----- Start of picture text -----**
Description of charity’s
trusts:
Type of governing Para 1.25 Charity Commission Scheme
document sealed 7 [th] December 1993,
(trust deed, royal although trust has been in
charter) existence since 15.7.1884
How is the charity Para 1.25 Unincorporated
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 One trustee to be nominated by
methods including Cossington Parish Council and
details of any five co-opted trustees who have,
constitutional provisions through residence or employment
e.g. election to post or or occupation, or otherwise,
name of any person or special knowledge of the Parish
body entitled to appoint of Cossington.
one or more trustees
**----- End of picture text -----**
## **Additional information (optional)**
**----- Start of picture text -----**
You may choose to include further statements where relevant about:
New trustees are given an
overview of the Charity by the
Policies and procedures Chairman and a copy of the
adopted for the Para 1.51 Scheme by which we abide.
induction and training of
trustees
Chair
Secretary
The charity’s Treasurer
organisational structure Para 1.51 Parish Council nominee
and any wider network
with which the charity
works
None
Relationship with any Para 1.51
related parties
Other
**----- End of picture text -----**
## **Reference and Administrative details**
**----- Start of picture text -----**
Charity name Babington’s Charity
Other name the charity N/A
uses
Registered charity 220069
number
**----- End of picture text -----**
**----- Start of picture text -----**
Charity’s principal 14 Main Street
address Cossington
Leicester
LE7 4UU
**----- End of picture text -----**
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Helen McCague Chair
2 Rich Heathcote Treasurer
3 Clare Pearson Secretary
4 Garry Drew Cossington Parish Council
David Mumford
5
MBE
Janette Appointed 5.10.21
6
Matthews
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
**----- Start of picture text -----**
Corporate trustees – names of the directors at the date the report was approved
Director name
N/A
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for
whole year
N/A
**----- End of picture text -----**
## **Funds held as custodian trustees on behalf of others**
Description of the assets N/A held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for 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 Name Address adviser N/A**
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
**N/A**
## **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)** Helen Elizabeth McCague **Full name(s)** Helen Elizabeth McCague
**Position (eg** Chair **Secretary, Chair, etc)**
**Date** 18.10.22
**Charity registration number 220069**
## **BABINGTON'S CHARITY**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **BABINGTON'S CHARITY**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|H McCague||
|---|---|---|
||G Drew||
||R Heathcote||
||D Mumford||
||C Pearson||
||J Matthews|(Appointed 6 July 2021)|
|**Charity number**|220069||
|**Principal address**|14 Main Street||
||Cossington||
||Leicestershire||
||LE7 4UU||
|**Independent examiner**|Philip John Dymond FCCA||
||Cheyettes Ltd||
||167 London Road||
||Leicester||
||LE2 1EG||
## **BABINGTON'S CHARITY**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 12|
## **BABINGTON'S CHARITY**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
The trustees present their annual report and financial statements for the year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Trust Deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The charity's objects are to manage property assets and apply the income to residents of the parish of Cossington, Leicestershire in financial hardship, aged under 25 and taking apprenticeships or further education, to assist the village school and to offer general or individual benefit to the inhabitants of the parish.
The charity fulfils it objectives by undertaking the following activities:
- Making grants to individuals requiring financial support to help with living expenses;
- Offering grants to students and apprentices;
- Financially supporting Cossington Church of England Primary School;
- Financially supporting the Church and village centre development project.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Hardship grants and student and apprentice support are not means tested although local knowledge is used to aid decision making.
## **Achievements and performance**
All information relating to the charity's achievements and performance is provided in the separate Trustees Annual Report submitted to the Charity Commission.
## **Financial review**
The review of the charity's financial performance and position is provided in the separate Trustees Annual Report submitted to the Charity Commission.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
Babington's Charity is a charitable trust constituted and governed by a Deed of Trust executed on 7th December 1993.
|The trustees who served during|the year and up to the date of signature of the financial statements were:|
|---|---|
|H McCague||
|G Drew||
|R Heathcote||
|D Hopkinson|(Resigned 16 March 2021)|
|D Mumford||
|C Pearson||
|J Matthews|(Appointed 6 July 2021)|
At least one trustee is nominated by Cossington Parish Council, others are co-opted who have, through residence, occupation, employment or otherwise, special knowledge of the Parish of Cossington.
- 1 -
## **BABINGTON'S CHARITY**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
The business of the charity is managed by the trustees, consisting of a Chair, Treasurer, Secretary and Parish Council Representative.
New trustees are given an overview of the charity by the Chair and a copy of the scheme by which the charity abides.
The trustees' report was approved by the Board of Trustees.
H McCague
**Trustee**
13 October 2022
- 2 -
## **BABINGTON'S CHARITY**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF BABINGTON'S CHARITY**
I report to the trustees on my examination of the financial statements of Babington's Charity (the charity) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I 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 a proper understanding of the financial statements to be reached.
## **Philip John Dymond FCCA**
Cheyettes Ltd 167 London Road Leicester LE2 1EG
Dated: 13 October 2022
- 3 -
## **BABINGTON'S CHARITY**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2021**
**2020**
**Notes**
**£**
**£**|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2021**
**2020**
**Notes**
**£**
**£**|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2021**
**2020**
**Notes**
**£**
**£**|
|---|---|---|
||**funds**|**funds**|
||**2021**|**2020**|
||**£**|**£**|
|**Income and endowments from:**|||
|Investments
**2**|45,406|45,470|
|Other income
**3**|1,609|-|
||||
||||
|**Total income**|47,015|45,470|
|**Expenditure on:**|||
||||
|Raising funds
**4**|6,827|5,864|
||||
||||
|Charitable activities
**5**|26,431|34,588|
||||
||||
|**Total expenditure**|33,258|40,452|
||||
||||
|Net gains/(losses) on investments
**8**|216,892|4,430|
||||
||||
|**Net movement in funds**|230,649|9,448|
||||
|Fund balances at 1 January 2021|561,853|552,405|
||||
||||
|**Fund balances at 31 December 2021**|792,502|561,853|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 4 -
## **BABINGTON'S CHARITY**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2021**_
|**Notes**|**2021**||**2020**||
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
||||||
|**Fixed assets**|||||
|Tangible assets
**9**
Investments
**10**
**Current assets**|1,546
29,714
31,260
(756)|380,538
381,460
761,998
30,504
792,502
792,502
792,502|238
7,953
8,191
(720)|480,689|
|||||73,693|
||||||
||||||
|||||554,382|
||||||
|Debtors
**12**|||||
|Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**|||||
|Net current assets||||7,471|
|**Total assets less current liabilities**|||||
||||||
|||||561,853|
||||||
||||||
|**Income funds**|||||
|Unrestricted funds||||561,853|
||||||
||||||
|||||561,853|
The financial statements were approved by the Trustees on 13 October 2022
H McCague **Trustee**
- 5 -
## **BABINGTON'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **Charity information**
Babington's Charity is a charitable trust registered in England and Wales.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's Trust Deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 6 -
## **BABINGTON'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Expenditure is directly attributable to specific activities and has been included in those cost categories.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be directly attributed to such activities and those costs of an indirect nature to support them.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings none provided
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **1.8 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.10 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 7 -
## **BABINGTON'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.11 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Investments**
|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|
|---|---|---|
||**funds**|funds|
||||
||**2021**|2020|
||**£**|£|
||||
|Rental income|41,272|43,349|
|Income from listed investments|4,134|2,121|
||||
||||
||45,406|45,470|
- 8 -
## **BABINGTON'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**3**
**Other income**||||
|---|---|---|---|
||**Unrestricted**|Total||
||**funds**|||
||**2021**|2020||
||**£**|£||
|Council and utilities refunds|1,609|-||
|**4**
**Raising funds**||||
||**Unrestricted**|Unrestricted||
||**funds**|funds||
||**2021**|2020||
||**£**|£||
|Agents management fees|6,827|5,864||
||6,827|5,864||
|**5**
**Charitable activities**||||
||**Unrestricted**|Unrestricted||
||**funds**|funds||
||**2021**|**2020**||
||**£**|**£**||
|Insurance|1,191|1,193||
|Repairs and maintenance|9,593|7,927||
|Council tax and utilities|1,031|4,416||
|Independent examiner's fees|756|720||
|Legal and professional|-|157||
|Sundry expenses|260|-||
||12,831|14,413||
|Grant funding of activities (see note 6)|13,600|20,175||
||26,431|34,588||
- 9 -
## **BABINGTON'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **6 Grants payable**
|**Unrestricted**
**funds**
Unrestricted
funds
**2021**
2020
**£**
£
Grants to institutions (2 grants):|**Unrestricted**
**funds**
Unrestricted
funds
**2021**
2020
**£**
£
Grants to institutions (2 grants):|**Unrestricted**
**funds**
Unrestricted
funds
**2021**
2020
**£**
£
Grants to institutions (2 grants):|
|---|---|---|
||**2021**|2020|
||**£**|£|
||||
|Grants to institutions (2 grants):|||
|Cossington Church of England Primary School|6,000|9,000|
||||
|Grants to students and individuals|7,600|11,175|
||||
||||
||13,600|20,175|
## **7 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
One trustee was reimbursed various property costs of £657 during the year.
## **8 Net gains/(losses) on investments**
|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|
|---|---|---|
||**funds**|funds|
||||
||**2021**|2020|
||**£**|£|
||||
|Revaluation of investments|26,767|4,430|
|Gain/(loss) on sale of investment properties|190,125|-|
||||
||||
||216,892|4,430|
- 10 -
## **BABINGTON'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**9**
**Tangible fixed assets**
**Freehold land and buildings**
**£**
**Cost**
At 1 January 2021
480,689
Disposals
(100,151)
At 31 December 2021
380,538
**Carrying amount**
At 31 December 2021
380,538
At 31 December 2020
480,689
**10**
**Fixed asset investments**
**Listed**
**investments**
**£**
**Cost or valuation**
At 1 January 2021
73,693
Additions
281,000
Valuation changes
26,767
At 31 December 2021
381,460
**Carrying amount**
At 31 December 2021
381,460
At 31 December 2020
73,693
**11**
**Financial instruments**
**2021**
**2020**
**£**
**£**
**Carrying amount of financial assets**
Instruments measured at fair value through profit or loss
381,460
73,693
**12**
**Debtors**
**2021**
**2020**
**Amounts falling due within one year:**
**£**
**£**
Trade debtors
1,282
-
Prepayments and accrued income
264
238
1,546
238|**9**
**Tangible fixed assets**
**Freehold land and buildings**
**£**
**Cost**
At 1 January 2021
480,689
Disposals
(100,151)
At 31 December 2021
380,538
**Carrying amount**
At 31 December 2021
380,538
At 31 December 2020
480,689
**10**
**Fixed asset investments**
**Listed**
**investments**
**£**
**Cost or valuation**
At 1 January 2021
73,693
Additions
281,000
Valuation changes
26,767
At 31 December 2021
381,460
**Carrying amount**
At 31 December 2021
381,460
At 31 December 2020
73,693
**11**
**Financial instruments**
**2021**
**2020**
**£**
**£**
**Carrying amount of financial assets**
Instruments measured at fair value through profit or loss
381,460
73,693
**12**
**Debtors**
**2021**
**2020**
**Amounts falling due within one year:**
**£**
**£**
Trade debtors
1,282
-
Prepayments and accrued income
264
238
1,546
238|
|---|---|
||(100,151)|
|||
|||
|||
|||
|||
|||
|||
|**10**
**Fixed asset investments**||
|**Cost or valuation**
At 1 January 2021
Additions
Valuation changes
At 31 December 2021
**Carrying amount**
At 31 December 2021
At 31 December 2020||
|||
|||
|||
|||
|||
|||
|||
|||
|||
|||
|||
|||
|**11**
**Financial instruments**|**2021**|
|**Carrying amount of financial assets**
Instruments measured at fair value through profit or loss
**12**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income|**£**|
|||
||381,460|
|||
||**2021**|
||**£**|
|||
||1,282|
||264|
|||
||1,546|
- 11 -
## **BABINGTON'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**13**
**Creditors: amounts falling due within one year**|||
|---|---|---|
|Accruals and deferred income|**2021**|**2020**|
||**£**|**£**|
||||
||756|720|
||||
||||
|**14**
**Related party transactions**|||
There were no disclosable related party transactions during the year (2020 - none).
- 12 -
**Charity registration number 220069**
## **BABINGTON'S CHARITY**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **BABINGTON'S CHARITY**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|H McCague||
|---|---|---|
||G Drew||
||R Heathcote||
||D Mumford||
||C Pearson||
||J Matthews|(Appointed 6 July 2021)|
|**Charity number**|220069||
|**Principal address**|14 Main Street||
||Cossington||
||Leicestershire||
||LE7 4UU||
|**Independent examiner**|Philip John Dymond FCCA||
||Cheyettes Ltd||
||167 London Road||
||Leicester||
||LE2 1EG||
## **BABINGTON'S CHARITY**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 12|
## **BABINGTON'S CHARITY**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
The trustees present their annual report and financial statements for the year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Trust Deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The charity's objects are to manage property assets and apply the income to residents of the parish of Cossington, Leicestershire in financial hardship, aged under 25 and taking apprenticeships or further education, to assist the village school and to offer general or individual benefit to the inhabitants of the parish.
The charity fulfils it objectives by undertaking the following activities:
- Making grants to individuals requiring financial support to help with living expenses;
- Offering grants to students and apprentices;
- Financially supporting Cossington Church of England Primary School;
- Financially supporting the Church and village centre development project.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Hardship grants and student and apprentice support are not means tested although local knowledge is used to aid decision making.
## **Achievements and performance**
All information relating to the charity's achievements and performance is provided in the separate Trustees Annual Report submitted to the Charity Commission.
## **Financial review**
The review of the charity's financial performance and position is provided in the separate Trustees Annual Report submitted to the Charity Commission.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
Babington's Charity is a charitable trust constituted and governed by a Deed of Trust executed on 7th December 1993.
|The trustees who served during|the year and up to the date of signature of the financial statements were:|
|---|---|
|H McCague||
|G Drew||
|R Heathcote||
|D Hopkinson|(Resigned 16 March 2021)|
|D Mumford||
|C Pearson||
|J Matthews|(Appointed 6 July 2021)|
At least one trustee is nominated by Cossington Parish Council, others are co-opted who have, through residence, occupation, employment or otherwise, special knowledge of the Parish of Cossington.
- 1 -
## **BABINGTON'S CHARITY**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
The business of the charity is managed by the trustees, consisting of a Chair, Treasurer, Secretary and Parish Council Representative.
New trustees are given an overview of the charity by the Chair and a copy of the scheme by which the charity abides.
The trustees' report was approved by the Board of Trustees.
H McCague
**Trustee**
13 October 2022
- 2 -
## **BABINGTON'S CHARITY**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF BABINGTON'S CHARITY**
I report to the trustees on my examination of the financial statements of Babington's Charity (the charity) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I 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 a proper understanding of the financial statements to be reached.
## **Philip John Dymond FCCA**
Cheyettes Ltd 167 London Road Leicester LE2 1EG
Dated: 13 October 2022
- 3 -
## **BABINGTON'S CHARITY**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2021**
**2020**
**Notes**
**£**
**£**|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2021**
**2020**
**Notes**
**£**
**£**|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2021**
**2020**
**Notes**
**£**
**£**|
|---|---|---|
||**funds**|**funds**|
||**2021**|**2020**|
||**£**|**£**|
|**Income and endowments from:**|||
|Investments
**2**|45,406|45,470|
|Other income
**3**|1,609|-|
||||
||||
|**Total income**|47,015|45,470|
|**Expenditure on:**|||
||||
|Raising funds
**4**|6,827|5,864|
||||
||||
|Charitable activities
**5**|26,431|34,588|
||||
||||
|**Total expenditure**|33,258|40,452|
||||
||||
|Net gains/(losses) on investments
**8**|216,892|4,430|
||||
||||
|**Net movement in funds**|230,649|9,448|
||||
|Fund balances at 1 January 2021|561,853|552,405|
||||
||||
|**Fund balances at 31 December 2021**|792,502|561,853|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 4 -
## **BABINGTON'S CHARITY**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2021**_
|**Notes**|**2021**||**2020**||
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
||||||
|**Fixed assets**|||||
|Tangible assets
**9**
Investments
**10**
**Current assets**|1,546
29,714
31,260
(756)|380,538
381,460
761,998
30,504
792,502
792,502
792,502|238
7,953
8,191
(720)|480,689|
|||||73,693|
||||||
||||||
|||||554,382|
||||||
|Debtors
**12**|||||
|Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**|||||
|Net current assets||||7,471|
|**Total assets less current liabilities**|||||
||||||
|||||561,853|
||||||
||||||
|**Income funds**|||||
|Unrestricted funds||||561,853|
||||||
||||||
|||||561,853|
The financial statements were approved by the Trustees on 13 October 2022
H McCague **Trustee**
- 5 -
## **BABINGTON'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **Charity information**
Babington's Charity is a charitable trust registered in England and Wales.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's Trust Deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 6 -
## **BABINGTON'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Expenditure is directly attributable to specific activities and has been included in those cost categories.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be directly attributed to such activities and those costs of an indirect nature to support them.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings none provided
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **1.8 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.10 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 7 -
## **BABINGTON'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.11 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Investments**
|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|
|---|---|---|
||**funds**|funds|
||||
||**2021**|2020|
||**£**|£|
||||
|Rental income|41,272|43,349|
|Income from listed investments|4,134|2,121|
||||
||||
||45,406|45,470|
- 8 -
## **BABINGTON'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**3**
**Other income**||||
|---|---|---|---|
||**Unrestricted**|Total||
||**funds**|||
||**2021**|2020||
||**£**|£||
|Council and utilities refunds|1,609|-||
|**4**
**Raising funds**||||
||**Unrestricted**|Unrestricted||
||**funds**|funds||
||**2021**|2020||
||**£**|£||
|Agents management fees|6,827|5,864||
||6,827|5,864||
|**5**
**Charitable activities**||||
||**Unrestricted**|Unrestricted||
||**funds**|funds||
||**2021**|**2020**||
||**£**|**£**||
|Insurance|1,191|1,193||
|Repairs and maintenance|9,593|7,927||
|Council tax and utilities|1,031|4,416||
|Independent examiner's fees|756|720||
|Legal and professional|-|157||
|Sundry expenses|260|-||
||12,831|14,413||
|Grant funding of activities (see note 6)|13,600|20,175||
||26,431|34,588||
- 9 -
## **BABINGTON'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **6 Grants payable**
|**Unrestricted**
**funds**
Unrestricted
funds
**2021**
2020
**£**
£
Grants to institutions (2 grants):|**Unrestricted**
**funds**
Unrestricted
funds
**2021**
2020
**£**
£
Grants to institutions (2 grants):|**Unrestricted**
**funds**
Unrestricted
funds
**2021**
2020
**£**
£
Grants to institutions (2 grants):|
|---|---|---|
||**2021**|2020|
||**£**|£|
||||
|Grants to institutions (2 grants):|||
|Cossington Church of England Primary School|6,000|9,000|
||||
|Grants to students and individuals|7,600|11,175|
||||
||||
||13,600|20,175|
## **7 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
One trustee was reimbursed various property costs of £657 during the year.
## **8 Net gains/(losses) on investments**
|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|
|---|---|---|
||**funds**|funds|
||||
||**2021**|2020|
||**£**|£|
||||
|Revaluation of investments|26,767|4,430|
|Gain/(loss) on sale of investment properties|190,125|-|
||||
||||
||216,892|4,430|
- 10 -
## **BABINGTON'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**9**
**Tangible fixed assets**
**Freehold land and buildings**
**£**
**Cost**
At 1 January 2021
480,689
Disposals
(100,151)
At 31 December 2021
380,538
**Carrying amount**
At 31 December 2021
380,538
At 31 December 2020
480,689
**10**
**Fixed asset investments**
**Listed**
**investments**
**£**
**Cost or valuation**
At 1 January 2021
73,693
Additions
281,000
Valuation changes
26,767
At 31 December 2021
381,460
**Carrying amount**
At 31 December 2021
381,460
At 31 December 2020
73,693
**11**
**Financial instruments**
**2021**
**2020**
**£**
**£**
**Carrying amount of financial assets**
Instruments measured at fair value through profit or loss
381,460
73,693
**12**
**Debtors**
**2021**
**2020**
**Amounts falling due within one year:**
**£**
**£**
Trade debtors
1,282
-
Prepayments and accrued income
264
238
1,546
238|**9**
**Tangible fixed assets**
**Freehold land and buildings**
**£**
**Cost**
At 1 January 2021
480,689
Disposals
(100,151)
At 31 December 2021
380,538
**Carrying amount**
At 31 December 2021
380,538
At 31 December 2020
480,689
**10**
**Fixed asset investments**
**Listed**
**investments**
**£**
**Cost or valuation**
At 1 January 2021
73,693
Additions
281,000
Valuation changes
26,767
At 31 December 2021
381,460
**Carrying amount**
At 31 December 2021
381,460
At 31 December 2020
73,693
**11**
**Financial instruments**
**2021**
**2020**
**£**
**£**
**Carrying amount of financial assets**
Instruments measured at fair value through profit or loss
381,460
73,693
**12**
**Debtors**
**2021**
**2020**
**Amounts falling due within one year:**
**£**
**£**
Trade debtors
1,282
-
Prepayments and accrued income
264
238
1,546
238|
|---|---|
||(100,151)|
|||
|||
|||
|||
|||
|||
|||
|**10**
**Fixed asset investments**||
|**Cost or valuation**
At 1 January 2021
Additions
Valuation changes
At 31 December 2021
**Carrying amount**
At 31 December 2021
At 31 December 2020||
|||
|||
|||
|||
|||
|||
|||
|||
|||
|||
|||
|||
|**11**
**Financial instruments**|**2021**|
|**Carrying amount of financial assets**
Instruments measured at fair value through profit or loss
**12**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income|**£**|
|||
||381,460|
|||
||**2021**|
||**£**|
|||
||1,282|
||264|
|||
||1,546|
- 11 -
## **BABINGTON'S CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**13**
**Creditors: amounts falling due within one year**|||
|---|---|---|
|Accruals and deferred income|**2021**|**2020**|
||**£**|**£**|
||||
||756|720|
||||
||||
|**14**
**Related party transactions**|||
There were no disclosable related party transactions during the year (2020 - none).
- 12 -