TOTTEIUDGE MANOR ASSOCIATION LIMITED (& comp*ny Ilmlted by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Charity ReglstrAtion Number: 2212110 Company Reglstration f4umber: 557715
TORIDGE MANOR ASSOCIATION LIMITED (a company limlted by guarantee) Contents Page Legil and Adtnirristrdtive Details Trustees. Report Trust¢es' Stat¢ment of Responsibilities Independ¢Tht Auditors. Report Ststem¢nt of Financial Activities Balance Shcet io Noi¢8 to the FiuaD¢ial Statements 11- 16
T0ElUDGE TrL4NOR ASSOCIATION LIMITED (a company limited by guarantse) Notice of ADnu%l GeDeral Mettlng Notlce Is hereby given tbat the 2023 Annual General Meeting of th¢ above-llamed charitable company will b¢ l)¢ld &t th¢ Villag¢ H&lL. Bodgtr's Crofu Totterid8e Village. Londnn. N20 on Thursday 18 July 2024 at 8.00pm for the purpose of transacting the following business.'- ORDINARY RESOLUTIONS l. To rec¢ive and adopt the Trustees. Report and Finan¢ial Statem¢nts to 31 Decemb¢r 2023. 2. To r¢-kppoifLt the auditors of the ¢haritable ¢ompany to hold offi¢e from tbe conclwiorL of the mecting until th¢ conclusion of the next annual gencrdl meeting. Reglstered Offlee: The Lodge 79 Northumb¢rland Road New Barnet Herts EN5 LEB BY ORDER OF THE BOARD Dated: Colin Luke Company Secr¢iary Note.. 20 May 2024 l A m¢mberentitledio attend andvote the annual 8eneral tneetiDgmay appoint on¢ or more proxies to attend and, on A poll, vote in his stead. A proxy need not b¢ a o)ember of the charitabl¢ Company. 2 To be valid the instrument appointing a PTQXY together with the Wer of attorney or other authority. if any. under which it 1$ signed or a notarially certified Copy oroffice copy of such power or authority must b¢ dep051ted at the r¢gAstered office of the ¢baritable company nol less tIMn 48 hours before the time of the meeting spe¢ified above. MEMBERS ARE INwfED TO ATTEND THE MEETING TO HEAR ABoiTf THE WORK OF TorrERJDGE MANOR ASSOCIATION LIMITED, AND TO JofN IN THE tNFORMAL DISCUSSION AFTERWARDS. REFREsHMEfs WILL BE SERVED.
TOTTERIDGE MANOR ASSOCIATION LIMITED (2 compAny Ilmlted by guarantee) LeEo1 and Adminlstratlve detsils Trustets, Report for the year ended 31 December 2023 The Trustees of Tott¢ridg¢ Manor Association Ltmited ("th¢ ¢IrEtable company") pres¢nt their Anrtu&l Report, including the audited Financial StatemeDts for th¢ year ended 31 December 2023. Referenee and Administrative Informatlon Charity Name: Totteridge Manor A8S0Ciation Limit¢d Charity registralion numb¢r: 221200 Company regi8tratioTh number: 557715 Regi5ter¢d offic¢ and operntional addre&8: The Lodge. 79 Northumberland Road New Barnet. Herts. EN5 IEB Management Cojnmlttee. Terry Bannister Ray Ellis Colin Luke Andrea Horsfield Keith Richards Tim Roberts Sheil SpeDsley Andrew HatTiS Ri¢hard Corneliu8 Chairnian Verderer CouLpany S¢¢retary and TreasuTer Membership Wayleaves Publicity Membership Finance committee PlaDIIi118 * The MAna8etsxent Committee are 0150 th¢ Dir#tor8 •nd Trustee5 of th¢ ¢iwitsble company. Thty ore Jlso 1 n)emben of tht CourLciI of Man48eiYLent ** The ¢h4ritsblt compally IB kn) kttowll as TM Audl¢ors NA Associates LLP, Chartered Certified Accountants, Woodgate Studios, 2- 8 Games Road, Cockfo$ters. Hertfordsknir< EN4 9HN. BAnker8 Barclays Bank Plc, Lei¢¢st¢r. LE87 2BB. Investment Mangtr8 Charles st¢Y & Co. 25 Luke Street, London EC2A 4AIL Page I
TOThERIDGE MANOR ASSOCIATION LIMITED (A eompany limited by guar¥Dtee) Trustee$? Report for the yev ended 31 December 2023 Nam¢ and Registered Offiee of the ¢haritble Company Thc full name ofthe charitable Gompany isTott¢ridg¢ Manor Association Limited: its registered offiGG addrc80 is shoNvn OD page l. Ch#rltsbl¢ cotnp#ny's FlnAnelAI Statements ID preparing the firLancial 5tatem¢nts for the charitable company, the Tn)stees hav¢ adopted the provisions of the Statement of Rewmm¢nded Pra¢iice (SORP) "A¢counting and Reporting by Charitie5" (FRS102) applicable tr chgriti¢s preparing their finan¢ial ststements in accordance with the Finan¢ial R¢porting Standard appIlbI¢ in th¢ UK and Republic of Ireland publishcd in Oetob¢r 2019 issued by the Charity Colnmission and the FinaAci&I Reporting Standard applicabl¢ in the United KingdoTn and Republic of Ireland (FRS 102 Section IA). The financial 3tatem¢Ats comply with the chaTiiable company's governing document, th¢ Memorandum and Articlcs and the sp¢cial provisions of Part 15 of thc Compaaies Act 2006 relating to small entities, the Charities Act 2011 and th¢ Charity Commission's publish¢d 8uidanc¢ on th¢ Public Benefit reporting requir¢ment. Objectlves ond Constltutlon of the eharlt4ble eomp&ny The obj¢ctives of the chaTitable company to maiThtain and pr¢serve th¢ cotumon lands fonnerly held by the Lord of the Monor of Tott¢ridge and the rural amenitiu att¥chiThg thereto for the benefit of the Ksidents of Totleridg¢ and n¢ighbourin£ districts and visitors. Revlew of 8ctlvltles l. The siatemeni of financial activitle5 is set out on page 9. 2. The activities of the charitabl¢ ¢ompany are un¢h¥n8ed sin¢¢ last year, and are principally the maintenance and conservation of manorial lands owned by the charitable company in Totteridge attd the pr¢setvation of the amenities of Totteridge. The charitable compauy is run by the Cowicil of M8nagemen¢which may. from tim¢ to time. appoint a member of the cbaritLble company to th¢ Council of Management. The Council of Managctnent meets several times each year to consider tter5 arising in relation to achi¢ving the objectives of th¢ charitsble company. 3. Net income l (expenditure) for thc year amounted to a n¢t deficiency of £1 1.1211 {2022.- netsurplw £38.J82) before net gains l (losses) on fixed a5sei investments. Expenditure was clos¢ly monitored throughout the yegr and some substatttiol tmprnvtmcnts projects were ndertaken. A vieW of the finances of the charitable Company is set out below. 4. Metrhbers contributed a total of £10,654 Q022 . £10.639J. We aim to t¢cover in¢ome tax on many of th¢ contributions and tha¢ t¢quires the charitsbl¢ company to obtain a gift aid statement from eacb individual contributor when appropriate to do so. Wayleave income CODtinues to be 8 most important sour¢e of re¢urring income to the charhtable company and £l17,308 was received in 2023 (2022 . £134,4J2). Wayleave income continues to be consid¢red a stsble form of income with a reasonable prospe¢t of growth in Ojture ye#TS. Page 2
T0ERIDGE MANOR ASSOCIATION LIMITED (i Company limited by guarantee) Trustee$. Report for the year eDded 31 December 2023 Income received from the charitable cotnpany's investsn¢nts amounted to £23.071 (2022 .' £19, 764). 5. Expenditure on maint¢nan¢¢ of the common landq including litter ¢learanc¢ amounted to £131,053 (2022 . £105.303). The st of maintalnlng our Iwid is GkpcGt¢d to r¢moiti a significant ov¢rbead in the and as previowly reported the Trustee5 have b¢¢n working towards a position where our sustainable income match¢s our annual expenditure and b¢lieve this is near to b¢ing achi¢ved. T(Trtteridge resid¢nts will ¢oDtinue to b¢nefit fr(Trm the mainteDanc¢ and improvemcnt works that are carri¢d out. 6. The investment in our own mainterLanc¢ building alld equipment several years ago and the tractor And other equipment more recently coThtinues to achi¢ve a saving in third paty costs as well as providing flexibility 111 the liming of yound maint¢nance and grass cutting. Our fixed assets have an ongoing ¢arrying value of £45,732 (2022.. £9,902). 7. In accordarlce with Uniled Kingdom Genernlly Aepted Aecounting Practice IUKGAAP) our investments havc been valued #t market value at the balance shcet date resulting in a suplus of £39.907 (2022 .. deficiency of £117,204). Th¢ original cost of £733,570 (2022 . £533.570) rcflects art increase in inv¢stsnents from liquid funds. Funds Structure Pomcy 8. The Ttustees believe that the elwitable company has sufficient r¢serves to meet its needs effectively. Some of the reserves are designated to enabl¢ specific proj¢¢ts to be la¢kled as appropriate. Most of these designated r¢serves aros¢ from one-off wayleav¢s grant¢d in previous years. There is llo restrieiion on th¢ir use. Surplus funds are inv¢sted in income genernting products as shown iti note 7. 9. The report and financial statements W¢Fe approved by the Council of Management on Method of Elettlon of Members 10. In accordance with the Articles of Association a Perso being a resident or properry r)wner of Totteridge or, being a body corporat¢, unincorporE4ted associatioN or parth¢rship having its maiti seat of business in Totteridg¢, desiring to quwlify and b¢ admitted as a memb¢r of the chaTitable company mSt SI a fomi of application for memb¢rship. The Council of Management may make regulations from time to time for the athni58ion. resignation and removal of any person. desiring to support the ¢haritable company '8sso¢iates' who shall not be entitled to vote at general me¢tings of the charitable company or to attend such meetiDg of right. Volunteers I l. There ¢ no unpaid volunteeT5. other than the Council of MaDag¢ment who give th¢ir time freely unless disclosed othenvise in note 14. The charit#bl¢ company does rtot ¢any out atty significant fundraising activities. Page 3
TOKRIDGE MATr4OR ASSOCIATION LIMITED (% company Ilmlted by guaraDtee) Trustees, Report for the year ended 31 December 2023 DirertorsfTru$tees 12. The TNste¢s (who are ulso th¢ Directors) of the charitable company are listed on page l. All of whom continue to give their time fr¢ely unl¢ss disclosed othenvise in note 14 and there are no volunteers otber than Coun¢il of Management members. No single body IL05 greater elOn Powe than another. It is the Council of Management's responsibility to appoint and train new Trustees. Trustee$ Interests In Contra¢t8 13. Non¢ of th¢ Tnjstees have a mat¢rial int¢re5t ITh any contract of $ignifi¢ance to which the charitsble company was a party duTing the financial year. Investment Pollcy 14. £849,305 (880/0) (2022.. £609.398 (05/00)) of the charitabl¢ company's reserves of £966,980 (2022 .. £938,J94) is held in iThvesim¢nts. The c¢1 policy of th¢ ¢baritsble company is to bold a significsnt amount of its reseryu in m¢dium and low risk securities to genernte income and prote¢t capital. These investtnents are held for the lon8 terni. Pl4n$ for Future Perii>ds IS. The charitable company will continue to maij)tain and petWe its common land in Totterid¥¥. Governance Internal CoDtrol 16. The appointmeThts of the Company Secretary ajjd Tre&surer have segregated accounting duti¢8 wbich providesthe postholders wilh tb¢ scope to del¢8ate Certain tasks which should allow more time to b¢ spent ott straiegi¢ planning matters. Auditor5 17. A resolution to F¢-appoint the auditors. NA Associaies LLP. will be proposed at the next Annual General Meeting. Rlsk ManagemeDt 18. The Tnte¢S continue to ass¢55 the major risks to which the charitable ¢ompaDy is exposed. The charitable Company has continu¢d to hav¢ nel outgoings or small surpluses in r¢cent years and the Tntst¢es continue to seek ways to incr¢&qe incom¢ and control expcnditure to move to an annual breakeven or small surplus position to prevent the reduction in the ¢hantahle company's res¢rves. However. they have not identified any risks which give an immediat¢ ¢&use for ¢oncern. Pub]le Beneflt 19. Th¢ Trusl¢¢s are aware of the need to demonstrnte public bellefii and in pl4nning our activities durin8 the year we hav¢ kept in mind at our meetings the Cllarity Commission 8uidance. The objectives of th¢ charitable company are shown on page 2. Pag¢ 4
TOTTEIUDGE MANOR ASSOCIATION LIMITED (I ctsmpany limlted by guArantee) Trustees? Report for the year ended 31 December 2023 Statement of Trustees? Responsiblllties Th¢ Trustees (who ar¢ also Director$ of the charitable company for the purposes of company law) ar¢ responsible for preparing the Ttustees Report and the financial statements in accordance with applicable law and r¢guiations. Company law require5 th¢ Trus¢e¢s to ppare fittancial siatem¢nts for ¢ath financial year in ¢ordan¢¢ with United Kingdom Generdlly Accepted Accounting Pr8Ctic¢ (United Kingdo Accounting Standards and applicable law). und company law the Trustees must not approve the financial statem¢nts unlcss they 8T¢ satisfied that they give a ttue and fair vi¢w of th¢ State of affasrs of th¢ tharitsble company and of the incoming r¢source5 and application of r¢soUrc. in¢luding the incom¢ and ¢xpenditure. of the ¢haritabl¢ company for that period. ID pr¢parin8 these financial stat¢ments. the Tntste¢s are required to: select suitsble accounting polici&s and then apply them consistently. obs¢rye the methods and principl in tb¢ Chariti¢s SORP 2019 (FRS102)' make judgments and accounting ¢stimates that are 2$Onabl¢ and prud¢nL stat¢ whether applicable UK A¢¢ounling Standards have been followcd. subject to any material departures disclosed and explained in th¢ financial $tatemcnts: pr¢pare the financial 5tatemenls oth the going concern basis unl¢ss it is inappropriate to presume that the ¢harAtable Company will eontiDue in busin. TheTrusttts are responsible fork¢eping adequate accowitAngrecords that are sufficient to show and explain th¢ charitabl¢ company's transactions &TLd disclose with reasonable accuracy at any time tbe financial position of the charitsble company and enable th¢m to ensure that the financi statements comply with the Compani¢s Act 2006. They are also responsible for safeguarding the assets of the charitable comp#ny andheD¢¢ for taking reasonable si¢ps for the pr¢v¢ntion and detection of fraud and other irregularities. Statement of disclosure of iDform*tion to lludltors In acrdanCe with company law. and as Tnte¢S of Totteridge M&nor Association Limiied at the date of approval of these financial statements &$ set out on page I, ea¢h confirni that so far a5 w¢ are awar¢. that.. there is no r¢levaTrt audit infornJatioTh of which the company's auditors are unaware. we have tsken all th¢ steps that we ougbi to have taken as TStee5 in ord¢r to make ourselves aware of any relevant audit information and fo establish that the compony's auditors are awar¢ of that information. The financial statem¢nts have been prepared ID a¢eordance with special provisions of Part 15 of the Companies A¢t 2)6 relating lo small entities. By ord¢r of the Council of Man38¢ment CDLuke Company Secretary Dated. 20 May 2024 Pa8e 5
TO£RIDGE MANOR ASSOCIATION LIMITED { company Ilmlted by guarntee) IndepeDdenl Audl¢ors' Report to the Members of Totteridge Manor AssociAtiiJll Llmited for the year ended 31 De¢embtr 2023 Oplnlon We have audited the financial statements of Totteridge Manor Associaiion Limited (the 'choritable ¢ompany') for the year eDd¢d 31 D¢cemb¢r 2023 which compris¢ the Stat¢ment of FInAneX AclivAtip4, the B#lance Sbeet and the related notes numbered I to 14. including Summary of si8nificant accounting policies. The financi41 pOrting framework that has been applied in their preparntion is applicable IY4W and Untted Kingdom Accounting Standard5, xnclu(ling FiD&ncial R¢porting Standard 102 The Finartcial Reporting Siandard applrcuble in the UK and Republic oflreland (United Kingdom G¢nerally Accepted Accounting Pra¢tice). In our opinion the financial statements: give a true and fair view of th¢ state of the chaTltable company's affairs as at 31 December 2023, 8nd of its incoming reSoue$ and application of resourc&s, in¢luding its income and expenditure. for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pra¢tice' and have been prepared in aordance with the r¢quirements of the Compani¢s Act 2006. Bajls for opinlon We coThducted our audit in accordAnce with International Standards on Auditing (UK) (ISAS (UK)) and 8pplicabl¢ law. Our Tesponsibilities under those standard5 are fil¢r described in the AuditOT'S responsibilities for the audit of the financial stai¢ments section of our report. We r¢ independent of the charitable company in accordan¢e with the ethical requiTCTnenis that a¥¢ r¢levattt to our audit of the finan¢ial Statements in th¢ UL including the FRC'S Ethical Standard, and we hav¢ fillfill¢d our other ethical rponsIbIlItIeS iIi 3c¢ordancc with thcs¢ requirements. We b¢li¢ve that th¢ audit evidence we have obtained is sufficient and appropTiate to provide a basis for our opinion. Collcluslons relating to %olng concern In auditinB the financial slat¢ments, w¢ have concluded the TTusiees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on th¢ work we have POrnIed, we have not id¢ntAfJed any matersal uncertatnti¢$ relating to events or conditions that. individually or collectively. may cast significant doubt on the ¢har&table company's ability to continue as a going concern for a period of at least twelve months from when th¢ financial statements ar¢ authoris¢d for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant s¢¢tions of this report. Otber Informatlon The Trustecs are respottsible for the otber inforniation. The other infomiation comprises th¢ inforniation included ia the Ttustees report other thanthe financial stat¢ments and our auditor's Teport ¢h¢reon. Our opinion on the finan¢ial statemerAt$ does noi ¢ov¢r the oth¢r informatio aThd, except ¢0 th¢ extenl otherwise ¢xplicitly stated in our r¢po¢ we do not express any forni of assurance cOn¢1810n thereon. In connection with our audit of the financial Statern¢ts, OUT r¢sponsibility is to read the other inforniation and, in doing so. consider whether th¢ other infornjation is materially inconsistent with the financial slalements or our knowledge obtiiined in the audit or othenvise appears to be aterially misstated. If we identify such material in¢onsislen¢i¢s or apparent mat¢riaS Page 6
T0ERIDGE MANOR ASSOCIATION LIMITED (# company limited by guargntee) Independent Auditors? Report to the Mernbers of Totteridge Manor AssltIon Limlted for the year ended 31 December 2023 niis8tatements, we are required to detemin¢ wh¢ther there is a material misstatEment in the financial statements or a material misstatement of the otlLer inforniation. If, based on the work we have perfornied. w¢ conclude that ther¢ is E4 material misstatement of this other inforniation. we are require.d tn report that fact. We have nothing lo repor( in this regard. Oplnions on other matters prejtrlbed by the Comp#nles A¢t 2006 In our opinion, based on th¢ work undertaken ID the course of thc audit.. the infornAtion given in the Trnstee5 report (incorporating the directors. report) for the financial Ye foi which the financial statements are prepared is cortsistent with the financial slatements. and the Trustee5 r¢port has been prepared in ac¢ordan¢¢ with applicable leg81 requir¢tllenl5. Matters on whlch Ive Are requlred to report by exceptiott In the light of our knowled8¢ and understanding of the c]witable company and its environment obtaiTred inthe course of the audit. we hav¢ not identified material misststements in the Trustees report. We have nothingto report in respectof the following matters ID relationto which the Companies Act 2006 requires us to report to you rf. in our opinion.. ad¢quale accounting records have not been k¢p( or r¢turns adequate for our audit knve not been received from brdnches not visited by us" or the financial statements #re not in agreem¢nt with the accounting Orth and returns. or c¢rtain dis¢losur¢s of dircctors. remuneration specified by law are not made: or we hav¢ not receiv¢d all th¢ infornation and explanations we r¢quir¢ for our 4udi( OT the Truste¢s were llot entitled to prepare the financial statements in x¢eordan¢¢ with the small companies. regime and take advantage of the small compani¢s' excmption in PT¢paring the Tniste¢s report and from the requirement to prepare a strdtcgic report. R¢sponslblllties of Trustees As Cxplakned more fully in the Trnslees, responsibilities stat¢ment. the Tnt¢e8 (who are also the directors of the charitable company for the purpos¢s of company law) are r¢sponsibl¢ for thc prepardtion of the financial 5tatement5 and for being satisfied that they givc a tme and fair view. and for such int¢rnal control as the Tt¢e$ determine is n¢ces5ary to enable the prepardtion of funcl81 statements that are free from material misstatemenl, whether due to fraud or error. In preparirLg tbe finoncial 8tatemeThts, the Trustees are responsible for assessing the ¢haritable ¢ompany's ability to continue as a going Conce disclosing, as applicable, matters r¢lated to going concern and using the going concern basis of accounting unles5 the Trustees either int¢nd to liquidat¢ the charitable company or to cease operations, or have no realistic alternative but to do $0. Auditor's responslbilitles for the audlt of the flnanclal st4tements Our objectives ar¢ to ob¢ain reasonable assurance about wheth¢r the finaocial 5tstements as a whole are free from mai¢rial n)isstatemenl, wbether due to fraud or eryor. and to issue an auditor's report ¢h&t includes our opillion. Reasonable assurance is & high lev¢1 of assurance. but is not a guarantec ihat an audit colldted in a¢¢ordan¢¢ with ISAS (UK) will always det¢¢t mai¢rial mi5Statem¢nt wben il ¢xists. Misstatem¢nts can arise fro fraud or error and are Page 7
TOTTERIDGE MANOR ASSOCIATION LIMITED { eomp2Dy Ilmited by guarantee) Independent Audltors. Report to tILe MembeTS of Totteridge Manor AssociAtion Llmited for the year ended 31 December 2023 considered material if. individually or in the aggregate. they could reasonably b¢ expert¢d to influence the economic decisions of users taken on the basis of thase fllthn¢ial 5tatem¢Dts. IrreIritieS. ineluding sre itist?nc.ts t)f non-complionce with laws and regulations. We desi proc¢dures in line with ow responsibiliti¢s, outlined abov¢. to detect rnat¢rial misstatements in respect of irreElllaritie5, including fraud. The specific pro¢edures for this engagement snd the ¢xtent to which these arecapable of detecting irregularities, including fraud is ddailed below: Dis¢ussions with management. includin8 con$id¢ration of known or suspected instaThces of non-compliance with laws and ttgulations and fraud; and Identifying and testing si8n1f1rtt manual journal ¢ntries and reviewing assumptions and judgetnents mad¢ by management in making significani aecouDtiug estimates. Be¢ause of the inh¢rent limitstions of ao audit. there is a risk tha( we will not detect all iTr¢gularities. including those l¢adin8 lo a material misstatement in the fmancial statemenis or non-complian¢e with regulation. This risk increases the mor¢ that compliance with a law or re8ulation is removd from the events and transactions refl¢d in the financial 5tat¢ments. as we will be less likely to become aware of iDStances of non-compliattce. The risk is a150 greater regarding irregularities occuning thje to fraud rdth¢r than error. as fraud involves intentional concealmeni forgery. ¢ollusion, omission or misrepresentation. A furth¢r description of our responsibilities is availabl¢ on the Financial R¢porting Cowieil's website at- https.'Ilwww.frc.org.uklOur-WorklAuditlAudit-alld-assuran¢elStandards-and- guidance/Stsndards-and-guidance-for-auditors/Auditors-respoDsibilities-for-auditlD¢s¢ription -of-auditors-r&sponstbiliti¢s-for-audit.aspx. This description forn part of our auditor's T¢POLt Use of our rert This report is solely to the charitsbl¢ company's m¢mbets, as a body in a¢¢ordance with Chapter 3 of Part 16 of the Compani¢5 Act 2006. Our audit work ]w been undertaken so that we might state to the charitable comparyy's memb¢rs those matters we are r¢quired to State to them in an auditor'8 r¢port and for no otherpury)o$e. To th¢ fullest ext¢Dt pern)itted by law, we do not acc¢pt or assume responsibility to anyone other than the ¢haritable company and the cbarltsble ¢ompany's mcmbers as a body. for our audit work, for tbis report, or for the opinions we have forn]e(L stephen Hunt (Senior siamtory Audltor) For and on behalf of NA Associates LLP Chartered C¢rtified Accountants aud Statutory Auditor5 Wood8ate Studi08. 2- 8 Games Road. Cockfosrs, Hertfordshire. EN4 9HN Dated.. Pag¢ 8
TOTTERIDGE MANORA5SOaATION UMrriD {• eoTrpAlly Ilmiied by %rt¢) STATEMENT OFFINANCIAL ACTtvrriES (IncludlrLE summary Jgcomt And Expendiiure Atcounl) F•r tht year todtd JI D¢tembtr 1023 Unrtttrkted F#lldi Note GpD¢ral 2023 Daigrtited Tot•i Fund 2023 2023 Total Funds 2022 INCOME AND ENDOWMEPITS FROM: Donations and IyÉu- Voluntary In¢ome 10.654 23,071 117,308 10.6S4 23.071 117J08 JO,039 IP,764 J34,412 Othu. Waylcavt alld r¢nts TOTAL INCOMK AND ENDOWMErns 151.033 151.033 164.815 EXPENDITURE ON: Charitabl¢Adivitie4 152278 9,876 1$2.278 9,876 JJ7.843 ,790 TOTAL EXPENDITURE 162,154 162,154 126,633 N¢t Illtomt I ItxpeDdiiiJr¢) befort O¢t galni I (kJ15es) on InYutmeDts 38.182 39507 39.907 (117.204) Nti Inrne I lexpeThdltUTe) before tran5f£r 28,786 28.786 (79.012J TraDyf¢ts bet futtth F4et I ItxpeDdilur¢l beforo otbtr reco%nlR¢d gal l (loiw) 28.786 28.786 9,022) 14ETMOVEbiEKf IN FUNDS 2&786 28,786 (79.022) RECONCJLIATION OF FUNDS: TOTAL FUNDSBROUGHTFORWARD 548952 389,242 938.194 1.017.216 TOTAL FtJNDS CkRRIED FORWAKD 577.738 389242 966,980 5138.JP4 All of th¢ ath)ve t¢5ultsartdrrivoJ from ¢ontynuing a¢tiVLtie& All gain$ and losses r0814¢d in theyctr*re in¢luded abov¢. There WBS no nh)vement in the d¢sipateA orT¢StriCttd funds 2022 or 2023. P¢9
TOThERIDGE MANOR A&gociATION LIMITED (• eompany limited by gujrgnteel BALANCE SHEET As gt 31 December 2023 Company number 00557715 2023 2022 FIXED ASSETS TaThgibl¢ assets Jnvestments 45,732 849,305 895,037 9,902 609,398 6J9,300 CURRENT ASSETS Debtors Bank and other deposits 3.258 137,078 140,336 42.S)53 340,060 389,OJ3 CREDATORS: amounts falling due wlthln one year (68,393 NET CURRENT ASSETS 71,943 318,894 TOTAL ASSETS LESS CURREKf LIABIUTIES 966.980 938.194 FUNDS: Unre5tr1¢ted funds Designated fvnds Gener41 funds 10 10 389.242 577,738 389,242 548,952 TOTAL FUNDS 966,980 938,194 The fmancial statements have been prepared in accordance with the spla1 provisions relating io cornpanies subj¢ct to th¢ small cotnpani¢s re8imc withitt Part 15 of the Compan5e5 Act 2006. Approved and authorised ftjr issue by thr Bvaid vfTiust¢¢s arjd si6n¢d on its b¢]Lalf by Chaimwi Terry BaDnist¢r Company Secretary Colin D Luke FCA Dated.. PA8¢ 10
TorrERIDGE MANOR A&8OCIATION LIMJTED { compy limlttd by NOTES TO THE FINANCIAL sfATEMENrs For the yer ended 31 D¢cemb¢r 2023 I ACCOUNllNG POLICIL8 Totterid8e Manor Associatiojk Limited is tt c]J8ritable cowpuny limitcd by BUAntee incorporated in En8land, Unit¢dKingdom. The place ofbusincss is the Re$[e[¢d Offi¢¢. The charitable Company wnsiitutrs a public benefit eniity as defm¢d by FRS 102. The fiThanci85 Sla(& huvr iK¢ii piGpar¢d in ttC¢OTdon<È with Aeeoutttin8 Attd Re.rtIng by Charilics.. sleMent ol Recommended Pr8CtiC¢ 2pplicabl¢ to ¢IltieS preparin8 their aeeounts a¢cordallCC the FinancLa] Reportlng Standard applitable in th¢ UK and Republi¢ of Ireland (FRS 1021 issued in October 2019, the Financial ReportiU8 S¢and&rd appliGablc in the United Kin8dotn attd Republic of Treland (FRS 102k the Chtiriti¢8 Act 2011, th¢ Companics Act 2006 and UK Generally Acc¢ptthl Accountin8 PTa¢ticc. Th¢ Charity does nol include a ¢Ash flow 511tetnent on the 8Tounds that it is apptyin8 FRS 102 Secti¢)n IA. The finattcial ststemellts or¢ prepar¢d on * goin8 coneern basis UDder th¢ historical ¢o$t cotLv¢ntion. m(dified to intlllde certaiti items &t fair value. The flnancial 5tatem¢nts arc pre$ented in sterliDg which is the fvnctionAI ¢urren¢y of the charity and rounded to the nea5¢ Pound (£). Th¢y preseni the fill4181 posiiion of ¢h¢ ¢baritsbl¢ conwally alone os ther¢ 15 no Ollp. The fitt8n¢ial staments have been prepTed OA a goin8 COTJc¢m basis. Th¢ th1ble eompany has 8tron8 balance sheet wd Working ca ital and th¢refore in the opinion of the TTUStee5. the ¢ompany is Able to pay its d¢bt8 as and when they faifduc for the forcsee&ble fvture. The 5igThificAnt acctsuntit)8 bejow. These poii¢i¢s have oli¢ie$ applied in the pr¢p8ration of these financi81 stAtement8 gre set oui n ¢onsJ5tCDtly 8ppliedtO 811 yeats pr¢s¢JiteduDless otherwis¢ Stated. In¢omlng re50ur¢e$ All incom¢ is T0)ed in thc Ststement of Finallcial Adivitics wh¢D the cothditions for receipt have been met and th¢re 15 rewnable assurance of receipt. Where a ¢laim for r¢paymeTht of lllcome T8x h&$ or will be mAde, such income is 8Tossed up for the tax r¢covcrable its the period in which the donatiOIIS ar¢ received The follomryng other aecountingpolici¢s 4r¢ applied ¢0 income.. DonAtiONS wAylet7V Income from donations and wayle8ve4 iticlud¢d in the accounts when the TNs¢ees ¢ODsider the income to be Certain. entitl¢m¢nt has p#ss¢d to thc Charitable eornpany and thc amouni may be accurately measur¢d, exc¢pt for amounts specified &% beingp8id in advancé which are in¢luded under creditors. In¢ereJl r¢¢¢ivableAN4JnvestsM¢nl wneome Intere5¢ rccrivable and investh)cnt income is ¢alculated on ao 8CCTuals bASiS. Tax#tlo Th¢ ¢h•ritable comphny i¥ a rewtwed charity wnd does noi trade for rax purp)s¢$. It is not ]iable to corpDrntion tsx OD its net ]nComU resources. Tax re¢ovetable ¢)n yft aid declarntsoJJs Is includ¢d in the balance $beet under sundry debtors. Futhd A¢¢ountlnz The charitablc ¢otnpatty maintsiijs various types of a8 follows:. Resthc¢edFtsnds Rr)tsiCt¢d fund3 r¢prtS¢Dt srants,donatitrtta lesthaiag ttceiv¢d whioh are allocted by the dOIr for specific purposes. The charitsbl¢ Company th)¢5 >t curretttly havc any ffstricted funds. PtIl
TOTfERIDGE MANOR ASSOCIATION LkMrrED (A COttLP4Dy Ilmlted by gTtte) NOTES TO THE FINANCIAL sfATEMENTS For the y¢ar ended 31 Decernber 2023 ACCOUNTING POLICJES (¢ondDued) Unr¢stricledfsutds Lwgt. non [VlUg waylehve Te¢¢ipts arising in any otse ycar are shovrn as ¢xceptional items iTh th¢ income and expendire account alld transferred to the Designated reserve. Trdnsfers froD] the Designated rwrve are at the di$creTioll of thr Matwg¢n)cnt CoJk)mitt*e and there gre no re5tti¢tions on their usc. Thc Management Committee principally use thc reserve for the fvndin8 of non r¢¢urring or ex¢eptiono1 exp¢nditure by the chariuble company. In odditioo, the reserve may bc us¢d for fiding any Jnnual deficit . Gen¢Tal wyestti¢ted represent Unrestrict income whi¢h 15 expendabl¢ at the di5CTction of thc TNst¢¢$ IN th¢ fiLrth¢rartce of the obj¢¢ts of the chari¢&bl¢ company. Such furtds moy be beld in order to fiDance both workin8 capital and Pital inv&8tment. Charltabl¢ exptndlture Charitable expenditure is accounted for on an Hc¢rual b•sis and ¢omprises thL>se c05t5 incurred by thc ¢harithbl¢ cornpatty in the delivery of its activities aud scrvi¢es for its benefi¢iari¢s. It includcs both costs that ¢an b¢ 8llocat¢d direoly to $u¢h H¢tivitle5 tho$e costs of an indirectnaiurt necessary to 5UPPOrt them. Governgnce ¢o$ts Governanc¢ ¢0sts include those costs 8350ciatcd with meeting the wnstitutional and stANtory requircm¢nts of th¢ Charitable wmpaThy and include the audit f¢es and ¢osts linked to the stt¢te8ie tMtiagcTn¢nt of th¢ chari¢&bl¢ W[0y. Tan2lbl¢ fixed •$$et$ Fn addition to assets showtt in th¢ bAlat sheet, the chxritable company owns common land$, which it a¢quir¢d for nil ¢onsider8tion. itt the Manor of Totteridge. The TNsie¢s do not int¢nd to va]u¢ this Hss¢t in th¢ accounts they are not required to under UK Generally Acc¢pted Accounting Practi¢¢. The thritablc company cot)tinues to hold inve5tm¢nts in medium to low risk inv¢stmeDts, whhch are b¢ld as Fixed As8¢ts a5 the Trustrt$ considers thes¢ investtnents ar¢ held for the 10tt8 terni. The iAv&8lTn¢llrs are adjustd to ttJid- mket value at the yeat end and th¢ 8ain or loss t8ken to the Ststcrnent of Financial A¢tivitLeS. Sh•re ¢apit41 The charitable company has llo Sh capital and i5 limited by 8wrant¢e. Th¢ membets of the tharitable compdny are as cxplaxncd ott poge 3. It) the eveni of the charitsblt company being wound up, the liability in respe¢i of the gu8ran¢¢¢ is limited to £1 per rncmb¢r of the ¢haritsbl¢ company. Depreclatio Tangible fjxed ass¢ts are sthted ¥4t ¢ost Ic5s d¢prcciation. Depreciation is providcd at r)t¢s ealculated io write nff the cost of fixed assets. less th¢ir e5timAted residual value, over th¢ir ¢xpect¢d useful liv on the followin8 bS.. Plant 8nd rna¢hillery- SYo- 10/4 $ttaighi litte Maiiit¢narkce builditX8- 100/0 styaight line Debtors atsd credltors Debtors 8Dd creditors with no stat¢d it)it$t rate and re¢eivabl¢ or payable within onc y¢gr Are recorded at trAnsacti¢)n price. Pa8¢ 12
TorrERtDGE MANORASSOCL4TION LIMITED ( ¢ompany limited by gu%rntee) NOTES TO THE FANCIAL STATEMEf4TS For the yeir ended 31 De¢emb¢r 2023 2 SUMMARY OF INCOME AND EXPENDITURE 2023 2022 104,815 {126.633) 38.152 In¢ome Expaiture Sutplus l (dcficit) oll ordinary activities before gain$ l (losses) 151.033 (162.1541 (11,121) {L0s8¢5) I gains N¢t incoming l (outgoing) resources 39,907 28,786 (117,204) (79,022) 3 INCOMING RESOURCES FROM GENEBATED FUNDS Unr¢strl¢trd (ndS GeDerAI 2023 Desl¥n4t¢d 2023 Total Funds 2023 Tot*1 Fund5 2022 Voluntary Income DonatiOIiS 10.654 10.654 10.639 Investrnent Income Incort investments Interest receivable 21.539 1,532 21,539 1,532 29,522 242 23.071 23,071 15),764 4 CHARrrABLE ACTIVITIFS UDr¢strlcted fndS Genernl Designated 2023 2023 Total 2023 Total 2022 Maintert8Dce of Colunll land Litter cltaran¢¢ Deprcciliion Suppon cost 1£8al and profe5sion21 fees Insurance 104.34l 26.712 3J85 4,960 7,453 3.727 1,500 152,278 104,341 26,712 J.585 4.960 7,453 3.727 1,500 152,278 78.590 20.712 5,062 -4.795 10,174 1,50 lJ7.843 Page 13
TOTTERIDGE MANOR ASSOCIATION LIMITED ( ¢ompTLy Ilrnited by 8uArAnt¢¢} NOTES TO THE FINANCIAL STATEMENTS For the yer ended 31 December 2023 S GOVERNANCK COST Unrestrkted Fund5 2023 Total 2023 Tot21 2022 Audit f¢e Company srerIal 4,620 5,256 4,620 5,256 4.410 4,380 9,876 9.876 8. 790 6 TAflGIBLE FIXED ASSETS Plant And mA£hittery MirttenY4nce Building Tot81 Co$1 l January 2023 Additions 31 December 2023 30.267 39,415 69,682 27,265 57,532 39,415 96.947 27.265 Depreciation l January 2023 Charge for the ye 31 December 2023 20.366 3,585 23,951 27,264 47.630 3,585 51.215 27,264 Net Book Volu¢ 31 De¢¢niber 2023 45.731 45,732 Net Book Value 31 December 2022 $7.90J 9,902 7 INVESTMENTS HELD AS FIXED Assr$ FOR USE BY THE CHARITY At31 Deeember 2023 At l J*tsu4ry 2023 Addltlons 1 {disposils) Market V91ue Galllno$$ Pref¢ren¢¢ shares UK Equity investments Investment trusts Other rnarkets Discr¢tionary Mallagem¢nt Portfolio Totsl Funds 98,984 61,950 2S2,405 196,059 (98.984) 161.950) (252.405) (196,059) 809,398 200,1)00 39,907 39,907 849,305 849,305 609.398 The historical Cost of the investrnents is £733.570 (2022.. £533,570)- All illvestmettts are h¢ld to provide a rettun. P8Ae 14
TorrERIDGE MANOR ASSOCtATION LNrrED (a ¢omptty limltsd by gu•rnDtet) NOTES TO THE FINANCIAL STATEMENts For the y¢xr tndtd 31 December 2023 2022 DEBTORS 2023 Other debtors Pttpaym¢nts 1,500 1.758 3.258 41,641 1.312 42,953 All amoun¢s fall du¢ within one yeAr. 9 CREDITORS: AMOUiYT FALLING DUE WITHIN ONE YEAR AG¢ruais Deferred itlcomc 27,583 41,210 68,393 31,37J 38,748 70.119 10 MOVEMENT IF4 FUNDS All Jatsuary 2023 At31 D¢¢ember 2023 Income Expendlture (lo$$u) Transfers De5ignited General 389242 548,952 389.242 577,738 151.033 (I62.154) 39,907 Total unrestricted fimds 938,194 39,907 966,980 No transfer from the Designated Reserv¢ has been made by th¢ Trustees to the g¢Deral fund as the is svtTicient surplys arising fiom thi5 and pmiou8 yean. JI ANALYSIS OF ASSETS AIYD LIABILrrIES BETWEEN FUNDS Ullrestrl¢t¢d funds GeD¢rl Designxted 2023 2023 Tot Funds 2023 Total Futtds 2022 riJE¢d AS¥¢ts: Plant and m8¢hinery Inv¢stm¢nts Current wss¢ts.' Debto CL8h at bank And ID hand Cwr¢nt liabi15tie$ 45.732 343.510 45.732 849,305 9.902 009,398 505,795 3.258 137,078 (68.3931 3.258 137,078 (68,393) 42.953 346.060 (70,119) 577.738 389242 966,980 938.J94 Pa8¢ 15
TorrERIDGE MANOR ASSOCIATION LIMITED {* ¢ompany Ilmlted by guArantte) NOTES TO THE FINANCIAL STATEMENTS For tbe ye8r ended 31 December 2023 12 DIRECTORS, REMUNEBATION Th¢ di[t0[3 I¢1Yrd tso r¢mutt•r#iion for their serviceR tn the chdrithble company and w¢te not reitubursed for any expenses dur]ng the year apart frorn the disclosure note 14. 13 STAFF COSTS Th¢ charitsble cojnpany does not havc atty ¢mploye¢s arld do¢s noi therefore, incur the related exSe$. 14 RELATED PARTY TRANSACTIOIYS Colin Luke. th¢ ¢ompany $eeretary. was poid for his company secrethrial worL trwurer fun¢tion BDd accounts preparation servic¢$ during the year. through Colin D Luke aud Co as follows.. 2023 2022 Cornpany secretorial and treasurcr function5 Accounts preparation services VAT 4,380 2.400 1,356 8,136 3.650 2.400 1.210 7,260 A connected party to Colin Luke rec¢iv¢d book-keeping ftts of £l.500 (2022.. £1.500). Page 16