2021-03-31-accounts

THE TURBARY ALLOTMENT CHARITY FINANCIAL STATEMENTS 31 MARCH 2021

Charity Number 231769

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THE TURBARY ALLOTMENT CHARITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

CONTENTS

CONTENTS
Trustees annual report	3
Independent examiner's report to the trustees	4
Statement of financial activities	5
Balance sheet	6
Notes to the financial statements	7

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THE TURBARY ALLOTMENT CHARITY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

The trustees presenting their report and the unaudited financial statements of the charity for the year ended 31[st] March 2021

ADDRESS

2 Franklin Avenue, Tadley, Hampshire , RG26 4ET

TRUSTEES

The Corporate trustee of the Charity is Tadley Town Council represented by the members of that body at each meeting.

BANKERS

Lloyds TSB plc.Aldermaston Road, Tadley, Hants RG26 6QB SOLICITORS Rowberry Morris, Sherfield House, Mulfords Hill, Tadley, RG26 3XJ INDEPENDENT EXAMINER

Do the Numbers Ltd, 37 Upper Brownhill Road, Southampton SO16 5NG

GOVERNANCE

Charity Commission Scheme dated 5 February 1991

OBJECTS as set out in Governing Document

Subject to payment of expenses to administer the Charity and any of its land and property, the Charity applies its income to relieving either generally or individually persons resident in the area of benefit who are in conditions of need, hardship, or distress by making grants of money or providing or paying for items, services or facilities calculated to reduce the need, hardship or distress of such persons. ACTIVITIES in relation to the objects The Charity provides grants (in the form of money, provision or paying for items, services or facilities) to organisations or individuals in the area of benefit, for the relief of need, hardship or distress. Individuals must be resident in the area of benefit, however grants can also be made to people who have a long association with the area of benefit but no longer live within the area, e.g. a person who has lived in Tadley all their life but is now in residential care in Basingstoke. Organisations must be providing benefit primarily to persons residing in the area of benefit. A Clerk is engaged part-time to attend to the administration of the Charity. Due to the impact of COVID during the year, no new projects were undertaken but grants were made to other organisations affected by the global pandemic. GRANT MAKING POLICY The charity provides grants to organisations or individuals in the area of benefit, for the relief of need, hardship or distress. INVESTMENT POLICY The Trustees look to generate an income whilst maintaining the capital and consider that funds designed for the Charity sector meets that requirement. RESERVES POLICY

The free reserves of the Charity, which are unrestricted funds, are available to meet its running costs and can then be applied to grants in accordance with the grants policy. If the charity has an annual surplus of income over outgoings and these surpluses are placed in the COIF Charities Deposit Fund, managed by CCLA Investment Management Ltd. The monies on deposit are available on demand without penalty and earn a competitive rate of interest linked to the money market. The endowment fund of the charity (amounting to £814,483) derives from the sale of land and is also invested as per the reserves policy

SIGNED ON BEHALF OF THE TRUSTEES

Name Name Date Date

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THE TURBARY ALLOTMENT CHARrrY INDÉPÉNDENT EXAMINER'S REPORTTO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 I report on the accounts ofthe charityfor the year ended 31 Mar(h 2021 which are set out on pages 5 to 7 RESPE￿1vE RESPoN￿BlUTIEs OF TRusfEES ANO EXAMINER The charity's tmsiees are responsible for ihe preparation of the accounts. The charity's trustees consider that an audit is not requiied lor this year under section 144121 of the Chartties Art 2011 (the 2011 Act) and that an independent examination 15 needed. It is my ieskK)nsibility to= examine the accounts ul￿er se(tion 145 of the 2011 Act- io follow ihe pr(Kedures laid down in the general Directions Biven by ihe Charity Commission under seaion 14515llbl of 1he 2011 Act,. and io state wheiher particular maners have come to my anention. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in a((￿dan￿ with the genewal Direclions given by the Charity Commission. An examinaiion includes a review oFthe accouniing records kepi by ihe charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the account5, and seeking explanatbons fri)m you as trustees concerning any Such matters. The procedures undertaken do not pro*ide all the e￿den￿ that would be required in an audit and consequently no opinion 15 given as to whethei the accounts wesenl a,1￿e and fail wew, and the report 15 limited io those matters sei oul in the staiemeni beh)w. INDEPENDENT EXAMINER'S STATEMENT In connectiotb With my examination. no matter has coffle to my attention= 111 which give5 me reasonable (ause to believe that in any rnatewial iespertthe requirement5= have not been met- or 121 to which, in my opinion, attention shouhl be drawn in order 10 enable a proper understanding of the accounts to be reached. Do the Numbers Ltd, 37 Upper Brownhill Road. Southampton S016 5NG 23" June 2021

THE TURBARY ALLOTMENT CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Note INCOME Rural Payment Agency income 1 Investment income Feed in tariff income Building rental income Crystallised gains on investment sales Bank interest TOTAL INCOMING RESOURCES EXPENDITURE Grants made Repairs and maintenance Maintenance of common Insurance Wages TTC admin fee Sundries Independent examiners fee Legal fees Depreciation TOTAL RESOURCES EXPENDED NET INCOMING/ (OUTGOING) RESOURCES Wayleaves	2020 £ £ £ £ 11,676 11,676 13,038 26,301 26,301 31,616 2,457 2,457 1,493 1,504 1,504 253 28,711 28,711 35,607 0 0 70,649 70,649 82,007 0 0 0 0 13,612 253 253 255 70,902 0 70,902 95,874 34,231 34,231 33,026 3,618 3,618 8,771 35,062 35,062 31,462 3,202 3,202 3,173 1,480 1,480 1,385 0 0 400 1,760 1,760 4,306 575 575 575 1,952 1,952 2,288 81,880 0 81,880 85,387 78,220 78,220 89,712 Unrestricted Funds Endowment Fund Total Funds 2021
	160,100 0 160,100## 175,098
	-89,199 0 -89,199 -79,224

The notes on page 7 form part of these financial statements.

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THE TURBARY ALLOTMENT CHARITY BALANCE SHEET AS AT 31 MARCH 2021

THE TURBARY ALLOTMENT CHARITY BALANCE SHEET AS AT 31 MARCH 2021
Note FIXED ASSETS Tangible assets 2 Fixed asset investments CURRENT ASSETS Prepayments and other debtors Cash at bank and in hand CURRENT LIABILITIES Accruals and other creditors NET CURRENT ASSETS NET ASSETS FUNDS Designated unrestricted reserve 3 Endowment Fund Unrealised gains on investments TOTAL FUNDS	2021 2020 £ £ £ £ 436,979 473,106 850,788 748,115 1,287,767 1,221,221 0 0 42,819 61,123 42,819 61,123 0 0 0 0 42,819 61,123 1,330,587 1,282,344 378,662 416,301 814,483 814,483 137,441 51,561 1,330,587 1,282,344 0 0

These financial statements were approved on

Name Date

The notes on page 7 form part of these financial statements.

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THE TURBARY ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets, and in accordance with applicable United Kingdom accounting standards and The requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and FRS102 with reduced disclosure exemptions.

Fixed assets

Until 2019 all assets were recorded at historic cost due to the low level of expenditure. From 2020, all assets will be depreciated as follows

Land and freehold buildings recorded at historic cost or nominal value Fixtures and fittings on Turbary Building 15 % reducing balance Fixtures and fittings on Turbary Common 20 % reducing balance Play and sports Equipment 25% reducing balance

SSETS COST Brought forward Additions as at 31.03.21 DEPRECIATION Brought forward Charge for the year as at 31.03.21 NET BOOK VALUE Brought forward at 01.04.20 Carried forward as at 31.03.21 ES Unrestricted reserve Endowment Fund Unrealised gain on investments

Total 2020 £ £ £ £ £ £ 193,918 17,903 14,464 336,533 562,818 328,303 0 0 0 42,094 42,094 234,514 193,918 17,903 14,464 378,627 604,911 562,818 0 2,685 2,893 84,133 89,712 0 0 2,283 2,314 73,624 78,220 89,712 0 4,968 5,207 157,757 167,932 89,712 193,918 15,217 11,571 252,400 473,106 328,303 193,918 12,935 9,257 220,870 436,979 473,106 Income Expenditure Transfers £ £ £ £ £ 416,301 0 89,199 51,560 378,662 814,483 0 814,483 51,561 -137,441 -51,560 137,441 1,282,344 0 -48,242 0 1,330,587 Land and Buildings Building fixtures Common Fixtures Play equipment 01.04.20 b/fwd c/fwd 31.03.21

2. FIXED ASSETS

3. RESERVES

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