GARSTANG TOWN TRUST ANNUAL GENERAL MEETING MAY 2021
Good evening fellow Trustees and this evening because of the strange goings on for the past 15 months there will be a “double” report covering 2019/20 and also 2020/21……I hear you groan!.
Firstly 2019/20
During the year the North Shop and also a stall in the Market Hall changed with David Brewin trading as Sweets taking the stall in the Market Hall together with a storage unit at the rear; Val Clifford taking over the tenancy of the North Shop, selling Frenchic paints and restoration furniture/furnishings items.
Discussions with Cobblers re taking on a unit in the slaughterhouse eventually came to nothing.
The painting of the Hall, Stairs and landing of the Town Hall was completed making the area including the fitting of the “landing” far more appealing. Regular maintenance works were carried out on the various properties, as one would expect for buildings of this age.
The Trust undertook a H&S review and protocols are now in place so that the Superintendent does not put herself “at risk” with any jobs she undertakes on behalf of the Trust.
Some of the trustees undertook a “crash course” on running the Market Day, as an emergency should the Superintendent be unable to undertake her duties on the day.
The outdoor market, obviously weather dependent, was steady during the year in a national market that statistically appears to be reducing. The indoor market appeared to be busier following the establishment of the butchers and the introduction of a sweet shop.
In March 2020 the “norm” ceased to exist due to the Covid Pandemic starting on March, and since then Trustee meetings have not taken place; however threemonthly reports have been forwarded to all Trustees for information and comment.
At the end of 2019 we saw the retirement of Eddie Livesey who had been a Trustee for 46 years and a well-known Garstang “character”. Due to Eddie’s ill health at the beginning of 2020 and the commencement of the Covid restrictions we were unable to make a presentation to him, however we were able to thank Eddie for his many years of service to the Trust and Town and wished him well. It was arranged that his Daughter, Julie would make the presentation of a cut glass vase to Eddie on his doorstep!
A big thank you to Kate for her work during the year, some of which we only hear about by accident!
2020/2021
During the year because of the Covid implications, his age and general health conditions Bill Chippendale, former market superintendent, stepped down as Kate’s “assistant” on Market days. Bill was thanked for his years of support and we wished him well for the future.
Also this year we have been unable to undertake meetings and quarterly reports have been provided. It has been a difficult time and a bit of a balancing act with both, the irregular and reduced level of income during the year for the Trust. This was however eased by a grant under the Covid business support provision.
The Arts Centre, the British Legion and both the North and South Shops have had extensive periods of closure under Covid, with the Arts Centre and Legion still not re-opened, however they will be hoping to do so with the next stage of relaxation of the Covid restrictions.
The Market Hall shops have remained open during the year, as they have been seen as essential, providing food. The outdoor market has been difficult for the stallholders, having gone into lockdown in March, re-opening in July, closing again for a further 5 weeks November to December, and a further 15 weeks from Christmas week, with everyone having to be conscious of social distancing and other Covid restrictions. The issues with the outdoor market were felt to be eased by the introduction of the agreed Market day road closure allowing the stalls to spread a little and keeping traffic to a minimum during the 9am-4pm period. Could I thank the Trustees (and also the non-trustees) who manned the barricades each Thursday together with setting them up and taking down each week.
Various general maintenance, as you would expect with older buildings, has had to be maintained, with the major works this year having been the repair of the rear wall of the Market House both internally and externally, together with the outside painting of the rear and south side of the Town Hall. In addition, sky lights at the Arts Centre and a window at the Town Hall have had to be replaced.
The Trust has continued to support the Christmas Lights with additional funds of £1,000.00 provided as it has not been possible for the Lights group to raise funds in the normal way during the restrictions.
All in all a testing twelve months and I feel that I and the trustees should especially thank Kate for the effort over and above the “norm” this year. Can I say the year has been both enjoyable and eventful and can I wish Tom every success in the coming year, which I hope will see a return to the “norm.”
Thanks
Gordon Harter Chairman Garstang Town Trust
REGISTERED CHARITY NUMBER.. 226449 Report ofthe Trnstsas and Flnanclal Slatsmtr forthe Year End 31 Mreh 2021 lor Garjtsng Town Tntyt To*rs + (m8[1 Ltd Chartered Cerffied Accxjuntartts Riverview 96 High Street G8¥slan9 Preston Lancashi PR3 1WZ
Garstsng Town Trust Contents of th& Financial Statements for the Year Ended 31 March 2021 Page Report ofth• Trustses 1 to 2 Indondent Exe¢l Report Statomgntof Flnanclal Aetlvrlies Balance Shee¢ Not•$ tts th• Financial Stal•m0nts tsllfrd Stst•h*nt of Financlal Acllvftlgs 10
Garstang Town Trust Roport of the Trustees for the Year Ended 31 March 2021 The tru8te&s present theii report with the financial statements of the Chanty for tIE year ended 31 Marth 2021. The Irustees have 8dopted Ihe provisions of Accounting and ReportiwJ by Charit$.. Statefflent ol Recommended PtAGlice applicable to charities ppaNn9 their accounts in accordanEe wth the Financial Reporting StarKJard appliCae iD&p UK and Republic of Ird8ThJ IFRS 1021 leftective 1 January 2019}. OBJECTIVES AND ACTIVITIES Objectives and alrn$ Establishing and maintsining various buiklings for the use of Ihe inhabrtants of G8Trtang and fo¥ any othgr charitable puypose forlhe géne benefrt of the inh8bitants of Garstang that the truslee$ thk fit. ACHIEVEMENT AND PERFORMANCE Charltable actrvities The Trust has continued to $u)port the Christmas Lvjhts wth addItn81 furKls of £1,00) pmided. It has aol b8•n possible forthe Chrntm88 Lights group to raise funds in the nomial way due to COVKI. Fundralstng 8etlvltle8 The Arts Centre, The Britith Legion and both the North and South Shops have had frxt9ns1 periods of c4osure (Jue to Covid.It hopeful that they wll all rg-open when the next stwJe of relaxation measures Is prnertted. FINANCIAL RFIIEW Flnanclal po$Mton The maet Hall slKJf6 have remained open 38 they have boen da5sed as essential, due to them prothdlng food. Howtrver, the outdoor marf(et has been Sev?lY gffected by the varfous Covid m88sures durirvJ perioJ.The tuatIOn wa¥ eased by the closNig of the road on Market days. which enabkd the stall holder5 to spre8d t. In thè opinion ol the Trustees, th8 chaity has p&rfomvl lo a satisfactory kvel. There was a surplus mxdÈ of £7.070 compared to a defi(at of £9.055 in 2020. This sutplus will help bu1 up reserves. It must be Member1 that Covhl h8d signiant impact on all thuse busine55es that occupy the premises under the control of the Trustees. STRUCTURE, GOVERNANCE AND MANAGEMENT Govoming docurneTrt The charty Contlled by its goveming documen( a deed of trust and constitutes an unincorporated charity. Garstang Tow) Trust Ofg wponsible for running marf(ei and upkeep ol several liste(I buikJir¥Js in Gaang after ich surplus money rnay te given in grants to IoGqI groups to hdp trEm wrth their proje¢ts. A free charity stall Is provthd IApril to October) outside the Market House lor the use Df bcal otganizath"onslgNwp5 W5hirYJ to rarde lunds. This can be bo¢Jked via the Market Superintendent REFERENCE AND ADMINISTRATIVE DETAILS R¢gl$tergd Charfty numbor 225449 Prlnc*al addre85 Town Hall MarfKet Pla Garstsng Prest LanShire PR3 1ZA Tmst••¥ Mr G Harter Mr T Ibison Mrs S D Perf(1 Mr M G Halford Mrs JA Nirknon Lady DM Atkin8 Mr DT Carr DECEASED Idece8sed 22.12.20211 Mr D Fl Lewis Mrs E N PeAr3on Page 1
Garstang Town Trust Report of the Trustees for the Year Ended 31 Alarch 2021 REFERENCE AND ADIAINISTIIATWE DETAILS Indep8ndont Examln•r Mr MR Gornall ACCA + Gomall Ltd Chartered Certified Aceountants Fl"ver W 96 High Street G8rytang Preston Lancashire PR3 1WZ Approvèd by ordèr of the board of trusts8$ on 10 Octobèr2022 and s¥Jn8d on its b¢half by.. . Tntstee Page 2
Independent Examine$ Report to the Trustees of Garstsng TO1 Trust Indapend•ntexamln•f• reportto the trust0 of Oatstang Town Trn•t l port to tha thaiily trustees on my examlnabon of the ac¢ounts of Gorstang Trust Ilhe Trust) for the year ended 31 March 2021. RespOlbIlitieS and basls of r•port As the Charity tnJ81ees of the Trust you are responsible for the preParaOn of the ac£#)unts in aCc¥)rdaTr ¥th the requiroments ofthè Charities Act 2011 ftheArtI. I report in respect of my examination ol the Trusfs accounts carried out under section 145 01 thè Act and In carrying out y examination I have followed all applicab Dirpctions given by the Chartty CThnmission under $8Ction 145lSllbl of the Independent examln•V# slatemont I have wmpleted rny exsmination. I wnfirm that no rnaterial rnatter¥ have come to my attanttoTr in conne¢tkn wlh the •xamination gwlng m8 cause to bditrva that in any material re5ped. acwunting rerS not kapt ITr respect oflhe Trust as wuired by section 130 ofthe Aci. or tha accounts do not 8Ctovd wrth those r[rJ5., or the accounts clo rTOt comply wtth the applicable r8quirements concemiro the fom and content of account8 set out in th8 Charits"es (Atxounts and Reports) ReguL3tlon$ 2008 oth&r than any requirement that tho aOuntS giv true and fair vlewwhleh is not a mattercon$¥Jèred as part olan independent examination. I have no c4neoms and have across no other matters in connection with the examination to vthlcl) attention 6houkY te drawn in thkl rert in order to enab a proFer un(Jerstanding of the accounts to be chÈd. Mr MR Gomall ACCA Towers + Gomall Ltd Chartered Certified Accountants Rwer V*w 96 Hlgh Street Garstang Preston Lancashire PR3 1WZ 10 October 2022 Pa3
Garstang Town Trust Stslernent of Flnanclal Actlvities for the Year Ended 31 March 2021 2021 Unrestri¢Aed fvjnd 2020 Total funds Notes kYCOME AND ENDOWMENTS FROM Other tradirvj actNitres InveSthTrt income 48,762 10 49,550 60 Totsl 48,772 EXPEIIDrruRE ON RaisiNJ funds 21.331 35,650 Other 20,371 8,015 Total NET INCCAIEIIEXPENDITURei 7,070 19.0551 RECONCILLITION OF FUNDS Total fundj brought forwartl 1,312,276 1.321,331 TOTAL FUNDS CARRIED FORWARD 1.312276 Thè notss fo part of these financial statennIS Pag& 4
Garstang Town Trust Balance Sheet 31 March 2021 2021 Unrestricted fund 2020 Totgl n(Js FIXED ASSETS Tangib as¥ets Notes 1.280,619 1.280,619 CURREKf ASSETS Cash at bank 39.601 31,657 CREDITORS Amounts falling due Mthin ot* year 18741 NET CUIIRENT ASSETS TOTAL A88Efs LESS cuRREP LIABILITIES 1,319,346 1,312276 NET AssErs 1319.346 1312276 FUNDS Unrestricbl lunds 1312276 TOTAL FUNDS 1319348 1.312276 The finanal statements re apwoved by the Board ofTruSt aThJ authorised for Bsue on 10 Octobor2022 And were syned on ts tehgffby. The notes fomi part of these f0¢181 stateents Page 5
Gar8tang Town Trust Note5 to the Flnancial Ststements for the Year Ended 31 March 2021 ACCOUNTING POLICIES Bas18 c•f preparfng the finala1 stat•m•nt8 The financial statsrnenls of the charty, 1¢h is a public benefrt enlty under FRS 102, have been prepared in accord8ru vAth th8 Charitps SORP IFRS 1021 'A¢ciyJnting and Reporting ty charit$.. Statement ol Recornrnended Practice applKable to chantS prepariro their accounts in auordarKe writh the Fiiancial Reporting Standard applicabl& in the UK and Republic of Ireland {FRS 1021 leffectrye 1 January 20191,, Financial ReportiTrJ Standard 102 The Flnancial Reporting Slandgrd applicable in UK Republt of Ireland. an(J Ihe Charftiè3 Act 201 q The fin8n(ial $tatemonts have been prepored under the historical ¢05t convention. Incom• l Ir4Xne is recognised in the Staternent of Financial Activities once the charity has èntement to the funds, it is probable that the income will be recewerl and th8 amount ¢an be me8sured l'ably. Expenditu Liabilities are recogni5ed as eKpendthJ as sooTr as the Is a gaI or constructive oblwjation commitlsng the charity to that expenditure, rt is probable that 8 transfer of onoMiC benefits will be quIred in settlement 8Trd the amount of the oblvJation ean be measured reliably. Expenditure i% a(wunted for on an accfuals bas an¢J has been cl8ssifd under headings that aggregate all cost related to the catagory. costs nn0t be diredly attributed to particubr hadings they have teen 21th8ted to a¢tfvil95 on a basi8 conslstent 1th tha use of resour$. Tanolbte fix•d aMet6 Depreoation is provhyed at Ihe followng annual rales in orderto write off each asset over its estimaled usefvl life. Taxatlon The charity is exempt fmm tax on Its eharrtable tivi"e5. Fund aceountlng Unrestricted funds can be used in aCcord8n with the charitable objectives atthe discrethc#) of the tnJ$B. Restn'cted furtds can only be used for paitiwlar restricted purposes within the obJ'ec15 of the charity. Restricbons arise when spefE by the donor when funts are raised for pa"Cular restneled pu0$es. Furth•r explanaticffl of nature and wrpose of eadt fijnd L8 included in the note5 to th8 financial statements. OTHER TRADING ACMVITIES 2021 2020 Mathet To115 and sh Rents G8rstsng Arts Centre Btth'sh Legion Storage space Grants Other inL¥Y 31,267 39.72T 2.040 7,153 630 6,388 1,080 10,000 47 48.762 49.550 Paga 6 CcTrtinu...
Garstang Town Trust Notes to the Flnancial Statements - Continued for tho Year Ended 31 March 2021 INVESTMENT INCOME 2021 2020 Deposit aco)unt interest 10 TRUSTEES, REMUNERATION AND BENEFITS There TrAre no tru8te8s' remunerab.on or other benefits for the year ?nd8d 31 March 2021 nor lor the year ended 31 Match 2020. Tn9$. e¥ponse8 There tre no trustees, e¥pen5es pakl forthe year ended 31 March 2021 nor fortke year ènded 31 March 2020. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unlestrkd lund INCOME AND ENOOMIENTS FROM Other trading activths Invasiment income 49,550 60 Total EXPENDITURE 014 funds 35,650 other 23,015 Totsl 58,fj65 NEY INCOMEI{EXPENDfTUREI 19,0551 RECONCILL4nON OF FUNDS TotAI lund• bmughtfonyard 1,321,331 TOTAL FUND8 CARRIED FORWARD 1,312.276 TANGIBLE FIXED A&8Ers Tre Market House 6utcherg Court Tty Hall At 1 April 2020 and 31 March 2021 198.875 $09,904 221.866 DEPREcTIoN At 1 April 2020 and 31 March 2021 NET BOOK VALVE At 31 Mar¢h 2021 198,675 509,9)4 221.866 At 31 March 2ff20 509,9 Page 7 continu...
Garstang Town Trust Notes to the Flnanclal Ststsrnents- contlnued for the Year Ended 31 March 2021 TANGIBLE FIXED ASSETS- continued The Old Grammar Sthool Offi equiF¥n¥nt TolaL% COST At 1 Aprl 21Y20 and 31 Marckn 2021 189 DEPRECIATfoN At 1 April 2020 arKI 31 March 2021 189 189 NET BOOK VALUE At 31 March 2021 350.174 1,280.619 At 31 March 2020 350.174 1 280619 CREDITORS.. AMOUNTS FALUNG DUE WITHIN (X4E YEAR 2021 2020 Taxation and sorxal se¢urity 874 MOVEMENT IN FUNDS Net rnovement in fvnds At 31.3.21 At 1.4.20 Unrestrictad fwMIs General fijnd 1.312,276 7.070 1,319,346 TOTAL FUNDS 1312,276 7,070 1319,346 Net movernent in fvnds. included in the above a as follo.. In¢ornirKJ Jources Resources expoTrYed Movement in frjnds Unrestricted fvnds General tjnd 48.772 141.7021 7.070 TOTAL FUIIDS 417021 Comparatlves formovem•nt In funds Net mov•mant in fvnd$ At 1.4.19 31.3.20 Unre$trlct•d funds Gèneral fund 1,321,331 19,0551 1,312.276 TOTAL FUNDS 1 321 331 1 312276 Page 8 ontinued..
Garstsng Town Trust Notes to the Financlal Ststements - contlnuéd for the Year Ended 31 March 2021 MOVEMENT IN FUNDS- condnued CINnpardtive net mov•rnarrt in funds. Indudgd in the at*)ve S as folknws.. Incoming resources Resources expeThJed Movernent in fund8 Unr•8tricted fund8 General fund 49,810 {58,e651 19,0551 TOTAL FUNDS A current y88r 12 months and prior year 12 m¢nlh8 combined posthon 18 as follows.. Net movement in lunds At 31.3.2f At 1_4.19 unSleted fundg General fund 1,321,331 11,9851 1,319,346 TOTAL FUNDS 1 321 331 1 319346 A tsjwrent year 12 monts and prior year 12 month$ MbNed net movwnent in fvThJs. ineludÉd in the above are as follows.. InCLIng resources Resources exFended Movernent in funds Unrnatri¢ted funds Ggn¢ral fvnd 98.382 11CKI.2671 11,9851 TOTAL FUNDS 1100 3871 RELATED PARTY DISCLOSURES Thore were no related party transadions forthe y8ar8nded 31 Mareh 2021. 10. PROPERTIES The folbwing propertles a ovmwj maintsined by G8rstang Town Trust.. Garstsng Tovm Hall, Kqarket F1ace. Gatang. This buildlng was buill in 1755. Market House, Marf(et Place. Garstang. This building was budt in 1843. fvlarkgt Cross, Martd Place, Garstar¥J. The Old Grarnmarschool. High Street, Garstang. This was founded in 1602. The 8am and Land 81 the r of44 High Street, Garstang (Butth$ Courti. The buildings wgre revalued i) the arnts to 31 March 2017 wrth a figure ba$ad Lpon the buiklings in8urance at the tlme. Page 9
Gatsng Town Trust Detailed Ststement of Flnanclal A¢vitieS forthe Year Ended 31 March 2021 2021 2020 INCOME AND ENDOWMENTS othertrading actl¥lths Market Tolls arKI Shop Rents Garstang Arts ntre Briti8h Legion Storage space Grant8 Other income 31,267 39,727 6,368 1,080 10,000 47 7,153 830 46,782 49.55) Investment Ineomè Deposit account interest 10 60 Total Incoming resources 48.772 49,610 EXPENDITURE Ral8lng dOnaon8 and kngacles Rate5 and water Insuran LvJht and heal PrortY repairs Cleaning expensès Sundries 409 4.C62 6,820 22,447 1.769 143 4,122 6,722 8,504 1,983 21,331 35,650 Oth•r Xmas Lights Donati¢)ns 1,000 500 50 1,0 Supportcosts IAana9om•nt Wages Tefepho Postage altd $talonery Profession81 fees 17,333 21,069 261 175 960 19.371 Totsl resourc8s exp8nd&Y 58.665 Not In¢omgll•xpondltur•} 7,070 Thk8 page does not fomi part of the 8tatutory finanual statements pa 10
REGISTERED CHARITY NUMBER.. 226449 Report ofthe Trnstsas and Flnanclal Slatsmtr forthe Year End 31 Mreh 2021 lor Garjtsng Town Tntyt To*rs + (m8[1 Ltd Chartered Cerffied Accxjuntartts Riverview 96 High Street G8¥slan9 Preston Lancashi PR3 1WZ
Garstsng Town Trust Contents of th& Financial Statements for the Year Ended 31 March 2021 Page Report ofth• Trustses 1 to 2 Indondent Exe¢l Report Statomgntof Flnanclal Aetlvrlies Balance Shee¢ Not•$ tts th• Financial Stal•m0nts tsllfrd Stst•h*nt of Financlal Acllvftlgs 10
Garstang Town Trust Roport of the Trustees for the Year Ended 31 March 2021 The tru8te&s present theii report with the financial statements of the Chanty for tIE year ended 31 Marth 2021. The Irustees have 8dopted Ihe provisions of Accounting and ReportiwJ by Charit$.. Statefflent ol Recommended PtAGlice applicable to charities ppaNn9 their accounts in accordanEe wth the Financial Reporting StarKJard appliCae iD&p UK and Republic of Ird8ThJ IFRS 1021 leftective 1 January 2019}. OBJECTIVES AND ACTIVITIES Objectives and alrn$ Establishing and maintsining various buiklings for the use of Ihe inhabrtants of G8Trtang and fo¥ any othgr charitable puypose forlhe géne benefrt of the inh8bitants of Garstang that the truslee$ thk fit. ACHIEVEMENT AND PERFORMANCE Charltable actrvities The Trust has continued to $u)port the Christmas Lvjhts wth addItn81 furKls of £1,00) pmided. It has aol b8•n possible forthe Chrntm88 Lights group to raise funds in the nomial way due to COVKI. Fundralstng 8etlvltle8 The Arts Centre, The Britith Legion and both the North and South Shops have had frxt9ns1 periods of c4osure (Jue to Covid.It hopeful that they wll all rg-open when the next stwJe of relaxation measures Is prnertted. FINANCIAL RFIIEW Flnanclal po$Mton The maet Hall slKJf6 have remained open 38 they have boen da5sed as essential, due to them prothdlng food. Howtrver, the outdoor marf(et has been Sev?lY gffected by the varfous Covid m88sures durirvJ perioJ.The tuatIOn wa¥ eased by the closNig of the road on Market days. which enabkd the stall holder5 to spre8d t. In thè opinion ol the Trustees, th8 chaity has p&rfomvl lo a satisfactory kvel. There was a surplus mxdÈ of £7.070 compared to a defi(at of £9.055 in 2020. This sutplus will help bu1 up reserves. It must be Member1 that Covhl h8d signiant impact on all thuse busine55es that occupy the premises under the control of the Trustees. STRUCTURE, GOVERNANCE AND MANAGEMENT Govoming docurneTrt The charty Contlled by its goveming documen( a deed of trust and constitutes an unincorporated charity. Garstang Tow) Trust Ofg wponsible for running marf(ei and upkeep ol several liste(I buikJir¥Js in Gaang after ich surplus money rnay te given in grants to IoGqI groups to hdp trEm wrth their proje¢ts. A free charity stall Is provthd IApril to October) outside the Market House lor the use Df bcal otganizath"onslgNwp5 W5hirYJ to rarde lunds. This can be bo¢Jked via the Market Superintendent REFERENCE AND ADMINISTRATIVE DETAILS R¢gl$tergd Charfty numbor 225449 Prlnc*al addre85 Town Hall MarfKet Pla Garstsng Prest LanShire PR3 1ZA Tmst••¥ Mr G Harter Mr T Ibison Mrs S D Perf(1 Mr M G Halford Mrs JA Nirknon Lady DM Atkin8 Mr DT Carr DECEASED Idece8sed 22.12.20211 Mr D Fl Lewis Mrs E N PeAr3on Page 1
Garstang Town Trust Report of the Trustees for the Year Ended 31 Alarch 2021 REFERENCE AND ADIAINISTIIATWE DETAILS Indep8ndont Examln•r Mr MR Gornall ACCA + Gomall Ltd Chartered Certified Aceountants Fl"ver W 96 High Street G8rytang Preston Lancashire PR3 1WZ Approvèd by ordèr of the board of trusts8$ on 10 Octobèr2022 and s¥Jn8d on its b¢half by.. . Tntstee Page 2
Independent Examine$ Report to the Trustees of Garstsng TO1 Trust Indapend•ntexamln•f• reportto the trust0 of Oatstang Town Trn•t l port to tha thaiily trustees on my examlnabon of the ac¢ounts of Gorstang Trust Ilhe Trust) for the year ended 31 March 2021. RespOlbIlitieS and basls of r•port As the Charity tnJ81ees of the Trust you are responsible for the preParaOn of the ac£#)unts in aCc¥)rdaTr ¥th the requiroments ofthè Charities Act 2011 ftheArtI. I report in respect of my examination ol the Trusfs accounts carried out under section 145 01 thè Act and In carrying out y examination I have followed all applicab Dirpctions given by the Chartty CThnmission under $8Ction 145lSllbl of the Independent examln•V# slatemont I have wmpleted rny exsmination. I wnfirm that no rnaterial rnatter¥ have come to my attanttoTr in conne¢tkn wlh the •xamination gwlng m8 cause to bditrva that in any material re5ped. acwunting rerS not kapt ITr respect oflhe Trust as wuired by section 130 ofthe Aci. or tha accounts do not 8Ctovd wrth those r[rJ5., or the accounts clo rTOt comply wtth the applicable r8quirements concemiro the fom and content of account8 set out in th8 Charits"es (Atxounts and Reports) ReguL3tlon$ 2008 oth&r than any requirement that tho aOuntS giv true and fair vlewwhleh is not a mattercon$¥Jèred as part olan independent examination. I have no c4neoms and have across no other matters in connection with the examination to vthlcl) attention 6houkY te drawn in thkl rert in order to enab a proFer un(Jerstanding of the accounts to be chÈd. Mr MR Gomall ACCA Towers + Gomall Ltd Chartered Certified Accountants Rwer V*w 96 Hlgh Street Garstang Preston Lancashire PR3 1WZ 10 October 2022 Pa3
Garstang Town Trust Stslernent of Flnanclal Actlvities for the Year Ended 31 March 2021 2021 Unrestri¢Aed fvjnd 2020 Total funds Notes kYCOME AND ENDOWMENTS FROM Other tradirvj actNitres InveSthTrt income 48,762 10 49,550 60 Totsl 48,772 EXPEIIDrruRE ON RaisiNJ funds 21.331 35,650 Other 20,371 8,015 Total NET INCCAIEIIEXPENDITURei 7,070 19.0551 RECONCILLITION OF FUNDS Total fundj brought forwartl 1,312,276 1.321,331 TOTAL FUNDS CARRIED FORWARD 1.312276 Thè notss fo part of these financial statennIS Pag& 4
Garstang Town Trust Balance Sheet 31 March 2021 2021 Unrestricted fund 2020 Totgl n(Js FIXED ASSETS Tangib as¥ets Notes 1.280,619 1.280,619 CURREKf ASSETS Cash at bank 39.601 31,657 CREDITORS Amounts falling due Mthin ot* year 18741 NET CUIIRENT ASSETS TOTAL A88Efs LESS cuRREP LIABILITIES 1,319,346 1,312276 NET AssErs 1319.346 1312276 FUNDS Unrestricbl lunds 1312276 TOTAL FUNDS 1319348 1.312276 The finanal statements re apwoved by the Board ofTruSt aThJ authorised for Bsue on 10 Octobor2022 And were syned on ts tehgffby. The notes fomi part of these f0¢181 stateents Page 5
Gar8tang Town Trust Note5 to the Flnancial Ststements for the Year Ended 31 March 2021 ACCOUNTING POLICIES Bas18 c•f preparfng the finala1 stat•m•nt8 The financial statsrnenls of the charty, 1¢h is a public benefrt enlty under FRS 102, have been prepared in accord8ru vAth th8 Charitps SORP IFRS 1021 'A¢ciyJnting and Reporting ty charit$.. Statement ol Recornrnended Practice applKable to chantS prepariro their accounts in auordarKe writh the Fiiancial Reporting Standard applicabl& in the UK and Republic of Ireland {FRS 1021 leffectrye 1 January 20191,, Financial ReportiTrJ Standard 102 The Flnancial Reporting Slandgrd applicable in UK Republt of Ireland. an(J Ihe Charftiè3 Act 201 q The fin8n(ial $tatemonts have been prepored under the historical ¢05t convention. Incom• l Ir4Xne is recognised in the Staternent of Financial Activities once the charity has èntement to the funds, it is probable that the income will be recewerl and th8 amount ¢an be me8sured l'ably. Expenditu Liabilities are recogni5ed as eKpendthJ as sooTr as the Is a gaI or constructive oblwjation commitlsng the charity to that expenditure, rt is probable that 8 transfer of onoMiC benefits will be quIred in settlement 8Trd the amount of the oblvJation ean be measured reliably. Expenditure i% a(wunted for on an accfuals bas an¢J has been cl8ssifd under headings that aggregate all cost related to the catagory. costs nn0t be diredly attributed to particubr hadings they have teen 21th8ted to a¢tfvil95 on a basi8 conslstent 1th tha use of resour$. Tanolbte fix•d aMet6 Depreoation is provhyed at Ihe followng annual rales in orderto write off each asset over its estimaled usefvl life. Taxatlon The charity is exempt fmm tax on Its eharrtable tivi"e5. Fund aceountlng Unrestricted funds can be used in aCcord8n with the charitable objectives atthe discrethc#) of the tnJ$B. Restn'cted furtds can only be used for paitiwlar restricted purposes within the obJ'ec15 of the charity. Restricbons arise when spefE by the donor when funts are raised for pa"Cular restneled pu0$es. Furth•r explanaticffl of nature and wrpose of eadt fijnd L8 included in the note5 to th8 financial statements. OTHER TRADING ACMVITIES 2021 2020 Mathet To115 and sh Rents G8rstsng Arts Centre Btth'sh Legion Storage space Grants Other inL¥Y 31,267 39.72T 2.040 7,153 630 6,388 1,080 10,000 47 48.762 49.550 Paga 6 CcTrtinu...
Garstang Town Trust Notes to the Flnancial Statements - Continued for tho Year Ended 31 March 2021 INVESTMENT INCOME 2021 2020 Deposit aco)unt interest 10 TRUSTEES, REMUNERATION AND BENEFITS There TrAre no tru8te8s' remunerab.on or other benefits for the year ?nd8d 31 March 2021 nor lor the year ended 31 Match 2020. Tn9$. e¥ponse8 There tre no trustees, e¥pen5es pakl forthe year ended 31 March 2021 nor fortke year ènded 31 March 2020. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unlestrkd lund INCOME AND ENOOMIENTS FROM Other trading activths Invasiment income 49,550 60 Total EXPENDITURE 014 funds 35,650 other 23,015 Totsl 58,fj65 NEY INCOMEI{EXPENDfTUREI 19,0551 RECONCILL4nON OF FUNDS TotAI lund• bmughtfonyard 1,321,331 TOTAL FUND8 CARRIED FORWARD 1,312.276 TANGIBLE FIXED A&8Ers Tre Market House 6utcherg Court Tty Hall At 1 April 2020 and 31 March 2021 198.875 $09,904 221.866 DEPREcTIoN At 1 April 2020 and 31 March 2021 NET BOOK VALVE At 31 Mar¢h 2021 198,675 509,9)4 221.866 At 31 March 2ff20 509,9 Page 7 continu...
Garstang Town Trust Notes to the Flnanclal Ststsrnents- contlnued for the Year Ended 31 March 2021 TANGIBLE FIXED ASSETS- continued The Old Grammar Sthool Offi equiF¥n¥nt TolaL% COST At 1 Aprl 21Y20 and 31 Marckn 2021 189 DEPRECIATfoN At 1 April 2020 arKI 31 March 2021 189 189 NET BOOK VALUE At 31 March 2021 350.174 1,280.619 At 31 March 2020 350.174 1 280619 CREDITORS.. AMOUNTS FALUNG DUE WITHIN (X4E YEAR 2021 2020 Taxation and sorxal se¢urity 874 MOVEMENT IN FUNDS Net rnovement in fvnds At 31.3.21 At 1.4.20 Unrestrictad fwMIs General fijnd 1.312,276 7.070 1,319,346 TOTAL FUNDS 1312,276 7,070 1319,346 Net movernent in fvnds. included in the above a as follo.. In¢ornirKJ Jources Resources expoTrYed Movement in frjnds Unrestricted fvnds General tjnd 48.772 141.7021 7.070 TOTAL FUIIDS 417021 Comparatlves formovem•nt In funds Net mov•mant in fvnd$ At 1.4.19 31.3.20 Unre$trlct•d funds Gèneral fund 1,321,331 19,0551 1,312.276 TOTAL FUNDS 1 321 331 1 312276 Page 8 ontinued..
Garstsng Town Trust Notes to the Financlal Ststements - contlnuéd for the Year Ended 31 March 2021 MOVEMENT IN FUNDS- condnued CINnpardtive net mov•rnarrt in funds. Indudgd in the at*)ve S as folknws.. Incoming resources Resources expeThJed Movernent in fund8 Unr•8tricted fund8 General fund 49,810 {58,e651 19,0551 TOTAL FUNDS A current y88r 12 months and prior year 12 m¢nlh8 combined posthon 18 as follows.. Net movement in lunds At 31.3.2f At 1_4.19 unSleted fundg General fund 1,321,331 11,9851 1,319,346 TOTAL FUNDS 1 321 331 1 319346 A tsjwrent year 12 monts and prior year 12 month$ MbNed net movwnent in fvThJs. ineludÉd in the above are as follows.. InCLIng resources Resources exFended Movernent in funds Unrnatri¢ted funds Ggn¢ral fvnd 98.382 11CKI.2671 11,9851 TOTAL FUNDS 1100 3871 RELATED PARTY DISCLOSURES Thore were no related party transadions forthe y8ar8nded 31 Mareh 2021. 10. PROPERTIES The folbwing propertles a ovmwj maintsined by G8rstang Town Trust.. Garstsng Tovm Hall, Kqarket F1ace. Gatang. This buildlng was buill in 1755. Market House, Marf(et Place. Garstang. This building was budt in 1843. fvlarkgt Cross, Martd Place, Garstar¥J. The Old Grarnmarschool. High Street, Garstang. This was founded in 1602. The 8am and Land 81 the r of44 High Street, Garstang (Butth$ Courti. The buildings wgre revalued i) the arnts to 31 March 2017 wrth a figure ba$ad Lpon the buiklings in8urance at the tlme. Page 9
Gatsng Town Trust Detailed Ststement of Flnanclal A¢vitieS forthe Year Ended 31 March 2021 2021 2020 INCOME AND ENDOWMENTS othertrading actl¥lths Market Tolls arKI Shop Rents Garstang Arts ntre Briti8h Legion Storage space Grant8 Other income 31,267 39,727 6,368 1,080 10,000 47 7,153 830 46,782 49.55) Investment Ineomè Deposit account interest 10 60 Total Incoming resources 48.772 49,610 EXPENDITURE Ral8lng dOnaon8 and kngacles Rate5 and water Insuran LvJht and heal PrortY repairs Cleaning expensès Sundries 409 4.C62 6,820 22,447 1.769 143 4,122 6,722 8,504 1,983 21,331 35,650 Oth•r Xmas Lights Donati¢)ns 1,000 500 50 1,0 Supportcosts IAana9om•nt Wages Tefepho Postage altd $talonery Profession81 fees 17,333 21,069 261 175 960 19.371 Totsl resourc8s exp8nd&Y 58.665 Not In¢omgll•xpondltur•} 7,070 Thk8 page does not fomi part of the 8tatutory finanual statements pa 10