THORPE LANGTON TOWN LAND CHARITY REGISTERED CHARITY NO: 222020 FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2020
berry accountants Itd Bowden House 36 Northampton Road Market Harborough Leicestershire LE16 9HE
ree
THORPE LANGTON TOWN LAND CHARITY REGISTERED CHARITY NO: 222020 STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 SEPTEMBER 2020
| Total | Total | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| INCOME | ||||
| Property rents gross | 26,640 | 22,130 | ||
| COIF Charities Investment Fund Income Units | 183 | 179 | ||
| Interest | 1,132 | 1,068 | ||
| Sundry receipts | - | . | ||
| Total Income | £ | 27,955 | £ | 23,377 |
| EXPENDITURE | ||||
| Property repairs | 11,122 | 7,346 | ||
| Letting commissions | 3,397 | 2,656 | ||
| Insurance | 1,367 | 1,377 | ||
| Administration costs | 108 | 150 | ||
| Professional valuation fees | . | 678 | ||
| Other | . | - | ||
| Total Expenditure | £ | 15,994 | £ | 12,207 |
| Surplus of Income over Expenditure | 11,961 | 11,170 | ||
| Other recognised gains and losses | ||||
| Profit on investments unrealised | 213 | 356 | ||
| 12,174 | 11,526 | |||
| Net movements in funds | ||||
| Balances brought forward as 1 October 2019 | 928,680 | 917,154 | ||
| Balancescarriedforwardat30September2020 | £ | 940,854 | £ | 928,680 |
Page 2
THORPE LANGTON TOWN LAND CHARITY REGISTERED CHARITY NO: 222020 BALANCE SHEET YEAR ENDED 30 SEPTEMBER 2020
| Note | 2020 | 2019 | |
|---|---|---|---|
| £ | £ | ||
| FIXED ASSETS | |||
| Land | 2 | 39,710 | 39,710 |
| Property | 765,000 | 765,000 | |
| Investments | 6,113 | 5,900 | |
| 810,823 | 810,610 | ||
| CURRENT ASSETS | |||
| HSBC Current account | 30,043 | 19,214 | |
| HSBC Deposit account | 2 | 2 | |
| Market Harborough Building Society | 99,986 | 98,854 | |
| 130,031 | 118,070 | ||
| NET ASSETS | £ 940,854 | £ 928,680 | |
| Represented by:- | |||
| AccumulatedFunds | £940,854 | £928,680 |
Approved by the Trustees of Thorpe Langton Town Land Charity and signed on its behalf by
Trustee
Page 3
THORPE LANGTON TOWN LAND CHARITY REGISTERED CHARITY NO: 222020 NOTES TO THE ACCOUNTS YEAR ENDED 30 SEPTEMBER 2020
1) ACCOUNTING POLICIES
- a) The accounts are prepared under the historical cost convention with the exception of fixed assets and investments which have been revalued and in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities (as applicable to the smaller charity) and all applicable Accounting Standards.
b) Transactions are accounted for on a receipts and payments basis.
C) Fixed Assets
-
Land is valued by the trustees based on local agricultural values
-
Properties are valued by independent valuers at market value
-
Investments are stated at bid market value
Gains or losses on fixed assets, whether realised or unrealised, are disclosed in the statements of fixed asset gains and movement on total funds in the year in which they arise. Realised gains or losses on fixed assets sold in the year are calculated as the difference between the amount at which the fixed assets were valued at the beginning of the year (or cost if purchased during the year) and sale proceeds.
2) FIXED ASSETS
| FIXED ASSETS | |||||||
|---|---|---|---|---|---|---|---|
| Investments | Land | Properties | Total | 2019 | |||
| Market Value - | 1 October 2019 | 5,900 | 39,710 | 765,000 | 810,610 | 810,254 | |
| Additions | - | . | - | - | - | ||
| Disposals | - | - | - | - | - | ||
| Net Unrealised | Profits | 213 | - | - | 213 | 356 | |
| MarketValue- | 30September2020 | £ | 6,113 | £39,710 | £765,000 | £810,823 | £810,610 |
Properties were valued by independent surveyors in March 2011 at £765,000
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND MEMBERS OF THORPE LANGTON TOWN LAND CHARITY
| report on the accounts of the Trust for the year ended 30 September 2020.
Respective responsibilities of trustees and the examiner
The charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
To state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the Accounts present a ‘true and fair view' and the report is limited to those matters set out in statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:-
- to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act.
have not been met; or
- (2) to which, in my opinion, attention should be drawn, in order to enable a proper understanding of the accounts to be reached.
Signed: i MRS RWALDEN: FCCA BERRY ACCOUNTANTS LTD CHARTERED ACCOUNTANTS BOWDEN HOUSE 36 NORTHAMPTON ROAD MARKET HARBOROUGH LEICESTERSHIRE
LE16 9HE
Dated: 1 Gule doa