## **THE TURBARY ALLOTMENT CHARITY FINANCIAL STATEMENTS 31 MARCH 2021** Charity Number 231769 Page 1 ## **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| Page 2 ## **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 Page 3 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. Page 5 ## **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. Page 6 ## **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** Page 7