## THE TURBARY ALLOTMENT CHARITY FINANCIAL STATEMENTS 31 MARCH 2023 Charity Number 231769 Page 1 ## THE TURBARY ALLOTMENT CHARITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ## CONTENTS Trustees annual report Independent examiner's report to the trustees Statement of financial activities Balance sheet Notes to the financial statements 3 4 5 6 fa Page 2 ## THE TURBARY ALLOTMENT CHARITY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023 **----- Start of picture text -----**
||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |The trustees|presenting|their report and the|unaudited|financial statements of the|charity| |for the year ended|31*|March|2023| |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| |Lioyds|TSB|plc.Aldermaston|Road, Tadley,|Hants|RG26|608| |SOLICITORS| |Rowberry|Marris,|Sherfield|House,|Mulfords|Hill,|Tadley,|RG26|3X)| |INDEPENDENT EXAMINER| |Do the|Numbers|Ltd,|37|Upper Brownhill|Road,|Southampton|SOLG SNG| |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 whe|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 te 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 lang association with|the area of benefit but|no|longer|live within the area,|e.g.|a| |person|who|has|fived|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.| |GRANT MAKING|POLICY| |The|charity provides grants to organisations|or|individuals in|the area of benefit,|far the|relief of| |need,|hardship|or distress.| **----- End of picture text -----**
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 mest fts 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 tand and is also invested as per the reserves policy ## SIGNED ON BEHALF OF THE TRUSTEES **----- Start of picture text -----**
Name aAVE. BURDETT
bate 2fio{/23
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Name “sy &.- Pye
bate 2/10/23
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Page 3 ## THE TURBARY ALLOTMENT CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 | report on the accounts of the charity for the year ended 31 March 2023 which are set out on pages 5 to 7 ## RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity's trustees are responsible for the preparation of the accounts. The charity's trustees cansider that an audit is nat required for this year under section 144(2) of the Charities Act 2012 {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 thase records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations fram 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: have not been met; or (2} to which, in my opinion, attention should be drawn in orderta enable 2 praper understanding of the accounts to be reached. Do the Numbers Ltd, 37 Upper Brownhill Road, Southampton 5016 5NG 4™ July 2023 Page4 ## THE TURBARY ALLOTMENT CHARITY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 **----- Start of picture text -----**
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Endowment|Total|Funds| |Nate|Funds|Fund|2023|2022| |Fr|£|£|£| |INCOME| |Rural Payment Agency income|al|10,509|10,509|12,625| |Investment income|24,835|24,835|26,363| |Feed|in|tariff income|861|861|1,628| |Wayleaves|253|253|1,418| |Building|rental|income|39,387|39,387|30,619| |0|it}| |;|75,844|75,844|72,653| |oO|oO| |Crystallised|gains on|investment sales|it}|0|0| |Bank|interest|744|744|79| |TOTAL INCOMING RESOURCES|76,588|i}|76,588|72,732| |EXPENDITURE| |Grants made|2|104,932|104,932|22,667| |Repairs and|maintenance|5,557|5,557|2,622| |Maintenance of common|39,780|35,780|23,008| |Insurance|3,848|3,348|3,181| |Wages|1,567|1,567|LAa7s| |Sundries|4,324|4,324|2,170| |Independent examiners|fee|575|575|575| |Management fees|2,986|2,986|0| |163,569|Oo|163,569|60,658| |Depreciation|44,543|44,543|59,009| |TOTAL RESOURCES EXPENDED|208,112|O|208,112%|119,707| |NET INCOMING/ (OUTGOING) RESOURCES|“131,524|O|-131,524|46,975| |The|notes on|page|7|form|part of these financial|statements.| **----- End of picture text -----**
Page 5 ## THE TURBARY ALLOTMENT CHARITY BALANCE SHEET AS AT 31 MARCH 2023 **----- Start of picture text -----**
Note 2023 2022
£ £ £ £
FIXED ASSETS
Tangible assets 3 333,427 377,970
Fixed asset investments 775,184 922,815
1,108,610 1,300,789
CURRENT ASSETS
Prepayments and other debtors it} 0
Cash at bank and in hand __ 67,68567,685 54,66654,666
CURRENT LIABILITIES
Accruals and other creditors i) 0
a . _o
NET CURRENT ASSETS 67,685 54,666
NET ASSETS 1,176,296 1,355,455
FUNDS
Designated unrestricted reserve 4 199,976 331,500
Endowment Fund 814,483 $14,483
Unrealised gains on investments 161,837 ___209,473
TOTAL FUNDS 4,176,296 1,355,455
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These financial statements were approvedon ‘2 / 1@ { Za Name Date 2/iof/r3 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 2023 ## 1. ACCOUNTING POLICIES ## Basis of accounting The financiai 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 exemptians. ## Fixed assets Until 2019 all assets were recorded at historic cost due ta the low level of expenditure. From 2020, all assets were 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 2. GRANTS and related party transactions During the year the following grants were made to organisations with which the Charity is related |TadleyTown Council (trustee ofcharity)|Zipwire for|local residents|local residents|local residents|£7,500||| |---|---|---|---|---|---|---|---| |TadleyTown Council (trustee ofcharity)|Skate parkforlocal residents||||£17,590||| |TadleyTown Council (trustee ofcharity)|Skate parkforlocal residents||||£55,770||| ||||||£80,770||| ||Landand|Building|common||Play||| |3.FIXEDASSETS|Buildings —_fixtures|||Fixtures|equipment|Total|2022| ||£|£||£|£|£|=| |CcOsT|||||||| |Broughtforward
Additions
asat31.03.23
DEPRECIATION
Broughtforward
Chargefor the year
asat31.03.23|193,918
17,903
14,464
336,533
0
0
6
42,098
193,918
17,903 .
14,464
378,627
ae
0
6,908
7,058
212,974
0
1,649
1,481
41,413
C)
8,557
8,540
254387
=|||||562,818
562,818
42,094
42,094
604,911
604,911
OO
226,941
839,712
44,543 78,220
271,484
167,932
=
=|| |NETBOOKVALUE|||||||| |Broughtforwardat01.04.22|193,918|10,994||7,406|123,559|335,877|473,106| |Carriedforwardasat31.03.23|193,918|9,345||‘5,925|124,239|333,427|436,979| |4.RESERVES||01,049.22
b/fwd||Income|Expenditure|Transfers|c/fwd
31.03.23| |||£||£|£|£|£| |Unrestricted reserve||331,500||O|131,524|o|189,976| |EndowmentFund||314,483||||i|914,483| |Unrealisedgainoninvestments||209,473||it)|47,635|0|164,837| |||1,355,455||0|179,160|0|1,176,296| Page?