East Tuddenham Recreation Trust
Charity Number 229481
Annual Report and Financial Statements for the Year Ended 31 March 2023
ADP Accounting Limited 19 Farrow Close Mattishall Norfolk NR20 3SZ
East Tuddenham Recreation Trust
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Independent examiner's report | 2 |
| Statement of financial activities | 3 |
| Balance Sheet | 4 |
| Notes to the financial statements | 5 to 10 |
East Tuddenham Recreation Trust
Reference and Administrative Details
| Charity name | East Tuddenham Recreation Trust |
|---|---|
| Charity registration number | 229481 |
| Principal office | Mattishall Road |
| East Tuddenham | |
| Norfolk | |
| NR20 3LR | |
| Registered office | Mattishall Road |
| East Tuddenham | |
| Norfolk | |
| NR20 3LR | |
| Trustees | Mr E Hickling |
| Mrs M Cram | |
| Mrs J Leaney | |
| J Shrimpling | |
| M Barrett | |
| Accountant | ADP Accounting Limited |
| 19 Farrow Close | |
| Mattishall | |
| Dereham | |
| Norfolk |
Page 1
East Tuddenham Recreation Trust
Trustee's Report
I report on the accounts of the Trust for the year ended 31 March 2023, which are set out on pages 4 to 9.
Respective responsibilities oftrusteesand examiner
The trustees are responsible for the preparation of the accounts. The 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 undersection 145 of the 2011 Act;
‐follow the procedures laid down in the General Directions given by the Charity Commission
‐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 the 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 withsection 130 of the 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.
......................................... 19 Farrow Close ADP Accounting Limited Mattishall Dereham Association of Chartered Certified Accountants Norfolk NR20 3SZ
16th May 2023
Page 2
East Tuddenham Recreation Trust
Statement of Financial Activities For the Year Ended 31 March 2023
| Note Incoming resources Incoming resources from generated funds Activities for generating funds 2 Investment income 3 Total incoming resources Resources expended Costs of generating funds Fundraising trading: cost of goods sold and other costs 4 Total resources expended Net movements in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds 2023 2022 £ £ £ 55,515 55,515 40,231 (281) (281) 3,286 |
|---|---|
| 55,234 55,234 43,517 |
|
| 47,595 47,595 26,375 |
|
| 47,595 47,595 26,375 |
|
| 7,639 7,639 17,142 225,363 225,363 208,222 |
|
| 233,004 233,003 225,363 |
Page 3
East Tuddenham Recreation Trust
Balance Sheet As At 31 March 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 8 | 136,328 | 139,175 | ||
| Current assets | |||||
| Stocks and work in progress | 250 | 250 | |||
| Debtors | 9 | 754 | 1,588 | ||
| Investments | 10 | 5 | 5 | ||
| Cash at bank and in hand | 96,816 | 85,496 | |||
| 97,825 | 87,338 | ||||
| Creditors: Amounts falling due within one year | 11 | (1,149) | (1,149) | ||
| Net current assets | 96,676 | 86,189 | |||
| Total assets less current liabilities | 233,004 | 225,364 | |||
| Net assets | 233,004 | 225,364 | |||
| The funds of the charity: | |||||
| Unrestricted funds | |||||
| Unrestricted income funds | 233,004 | 225,364 | |||
| Total charity funds | 233,004 | 225,364 |
The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the Board on ………………… 2023 and signed on its behalf by:
.........................................
Page 4
East Tuddenham Recreation Trust
Notes to the Financial Statements For The Year Ended 31 March 2023
1) Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost conventionand in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Charities Act 2011.
Fund accounting policy
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Further details of each fund are disclosed in note 14.
Incoming resources
Shop income and income derived from events is recognised as earned (that is, as the related goods or services are provided).
Investment income is recognised on a receivable basis.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are the costs of trading for fundraising purposes.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Fixed assets
Individual fixed assets costing £0 or more are initially recorded at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Fixtures and fittings
15% Reducing Balance Basis
Page 5
East Tuddenham Recreation Trust
Notes to the Financial Statements (continued) For The Year Ended 31 March 2023
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed.
Operating leases
Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term.
2) Activities for generating funds
| Village Hall Ballroom Dancing Income Sports Activities Income Recycling Bins Other income Hall Hire Electric rebates Social Club Grants Subscriptions Bar Income Total Income 3) Investment income Interest on cash deposits |
Unrestricted Funds £ Total Funds 2023 £ Total Funds 2022 £ 2,757 2,757 2,030 282 282 145 351 351 386 7,494 7,494 726 15,251 15,251 9,774 4,425 4,425 3,454 |
|---|---|
| 30,560 30,560 16,515 |
|
| ‐ ‐ 10,667 202 202 2 24,753 24,753 13,047 |
|
| 24,955 24,955 23,716 |
|
| 55,515 55,515 40,231 |
|
| Unrestricted Funds £ Total Funds 2023 £ Total Funds 2022 £ (281) (281) 3,286 |
Page 6
East Tuddenham Recreation Trust
Notes to the Financial Statements (continued) For The Year Ended 31 March 2023
4) Total resources expended
| 4) Total resources expended | |||
|---|---|---|---|
| 2023 | |||
| Village Hall | Social Club | Total | |
| £ | £ | £ | |
| Direct costs | |||
| Cost of goods sold | 15,461 | 15,461 | |
| Wages | 1,450 | 4,836 | 6,286 |
| Establishment costs | 1,392 | 15,740 | 17,132 |
| Repairs and maintenance | 10 | 2,599 | 2,609 |
| Subscriptions and licences | 1,529 | 20 | 1,549 |
| Sundry and other costs | 379 | 379 | |
| Cleaning | 214 | 214 | |
| Accountancy fees | 200 | 280 | 480 |
| 4,580 | 39,528 | 44,108 | |
| Support costs | |||
| Office expenses | ‐ | 640 | 640 |
| Printing, posting and stationery | ‐ | ‐ | ‐ |
| Depreciation of tangible fixed assets | ‐ | 2,847 | 2,847 |
| ‐ | 3,487 | 3,487 | |
| Total Expenses | 4,580 | 43,015 | 47,595 |
| 5) Trustees' remuneration and expenses | |||
| No trustees received any remuneration during the year. | |||
| 6) Net incoming resources | |||
| Net incoming resources are stated after charging: | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 2,847 | 3,520 |
Page 7
East Tuddenham Recreation Trust
Notes to the Financial Statements (continued) For The Year Ended 31 March 2023
7) Employees' remuneration
The aggregate payroll costs of these persons were as follows:
| 2023 | 2022 | |
|---|---|---|
| Wages and salaries | 6,286 | 1,981 |
No employee received emoluments of more than £60,000 during the year
8) Tangible fixed assets
| Cost As at 1 April 2022 Additions As at 31 March 2023 Depreciation As at 1 April 2022 Charge for the year As at 31 March 2023 As at 31 March 2023 As at 31 March 2022 9) Debtors Prepayments and accrued income Taxation and social security Net book value |
Freehold land and buildings £ Fixtures, fittings and equipment £ Total £ 120,195 115,211 235,406 ‐ ‐ ‐ |
|---|---|
| 120,195 115,211 235,406 |
|
| ‐ 96,231 96,231 ‐ 2,847 2,847 |
|
| ‐ 99,078 99,078 |
|
| 120,195 16,133 136,328 |
|
| 120,195 18,980 139,175 |
|
| 2023 2022 870 870 (117) 717 753 1,587 |
Page 8
East Tuddenham Recreation Trust
Notes to the Financial Statements (continued) For The Year Ended 31 March 2023
10) Current asset investments
| 10) Current asset investments | ||
|---|---|---|
| 2023 | 2022 | |
| Unlisted investments | 5 | 5 |
| All current asset investments were held in the UK. | ||
| 11) Creditors: Amounts falling due within one year | ||
| 2023 | 2022 | |
| Other creditors | 809 | 809 |
| Accruals and deferred income | 340 | 340 |
| 1,149 | 1,149 |
12) Related parties ‐ Controlling entity
The charity is controlled by the trustees.
13) Analysis of funds
| 13) Analysis of funds | ||||
|---|---|---|---|---|
| Incoming | Resources | |||
| At 2022 | resources | expended | At 2023 | |
| £ | £ | £ | £ | |
| General Funds | ||||
| Unrestricted income fund | 225,364 | 55,234 | (47,595) | 233,003 |
Page 9