THE TURBARY ALLOTMENT CHARITY FINANCIAL STATEMENTS 31 MARCH 2024 Chartty Number 231769 Paiv I
THE TURBARY ALLOTMENT CHARITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 coMrENTS TNstees annual report Independent examlner's report to the trustees Statement of flnanctal a¢YvMes Balance Sheet Notès to the flnanclal statements Pa80 2
THE TURBARY ALLOTME CHARITY TRusfEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 The tru5tee5 Fesentingthelr report and the unaudited finBncial ststements of the ¢hartty for the year ended 3151 March 2024 ADDRESS 2 Fr4nklln Avenue, Tadley, Hampshlre, R6264Er TrUSTEES The Corpurate trustee of thecharity isTadlryTown Counc51 repros8ntsd by the membÈrs of that bodyateath tAeetin 4NR$ Lloyd5 TS8 plcAklermarton Road. Tadw. Hants RG26 6Q8 SOUCTORS Rowberry Morris, Sherfteld House. Muknrds Hill. Tadley. RG26 3XJ IIIOEPEIIDENT EWdlNER Do the Number5 Ltd. 37 Upper Bffjwnh411 Road southampton S016 5NG CharltyComrn155ton 5¢heme dated 5 Febn4ry 1991 08IEcfs as sot out in Governi IYoeumnt Sublectto payment of expensestoadmlntsterthe Charity and any of its land and property, the Charttyapplies fts income to reliewng either generally or Individual persons Edent Inthe aTea ol benefit who are in cond05 of need, hardship. or distress by maklA88rants of money or prodin8 or paying for items. seNttes orfacllrfde5 cakulated to rede the nee hardship or tf15tre55 of Sh per50n5. ACTIVITIES in r•lalb toth• objq¢ii The Charity provides grants lin the forn of morty. provi4on or pay1 forltems. se£ÉS or f¥ilrbesl to orgaThion5 or iThrfiwdua15 In the a3 of benefii for the rellef of need. hardshlp or distress. Inthvlduals must be resklent In the area of b8nefit, how•ver 8rants can also be made t people have a long association wf(h the area of benefft but longer INe wiihin the area, e.& person who has Iwed irh Tadley all their Iwe but now In resldendal tare In Basln8Stoke. OrganJsa11ons nxst be provhylng benefft prtmarflyto persons residire In the area of benefiL A Clerk is eng4ed part.time to attend tothe administration ofthe Charty. 6RAMf MAKIIIG POLICY The charity provide5 grants t00rniSatIonS or ndNidua15 in the area Df benefit, forthe relief of need. hardshlp or dlstress. INvEE1{r paucy The Tru5tee5 look to genesate an in£ome whi15t maintainingthe Pts1 and conslerthat funds de5f8ned forthe Charlty sertor meets that requlrernent RESERVE5 POLICY The free reseNes of the Charlty. which are unrestrlrted fund4 are avallabk to meet ts runnlng ¢ost5 afFd L7n then be applred to 8rants in accordance with the grants pofiLV. If the charity has an annual 5urplu5 of incorr overoutgoin85 andthese surpluses are placed In the COIF Charlttes Deposit FLEnd. mana8ed by CCLA InVeSt11t Mana8ement Ltd. The mDnie5 on dep05it are awaiPable on demand w(¢htrJt peTraand earn a compthtive rate ol interest linked to the mney markeL The endowment fund of the chatity (amountinsto £814A831 derNg5 trom the sale of land and 15 also invested a5 perthe Te5erves poli SIGNED ON BEHALF OF THETRUSTEES Py6e 3
THE TURBARY ALIOTMENT CHARITY INDEPENDENT EXAMINER'S REpoirrTO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 I report on the accounts of charty forthe year ended 31 March 2024 which are set out on pages 5 to 7 RESPEcfivE RESP014SIBILmES OF TRUSTEES AND EXAMINER The cK3ritVs trustègs are reswnsible forthe pr8paradon ofthe acc04mts. The tharlty'5trusteps cOThserthat an audit Is not requlred forthis year under5e£tlon 144121 of the Charnles Act 2011 (the 2011 Actl and th an independent examinatlon 1$ Theeded. It 1$ rny resporfjibihtyto". examinethe 4ccounts under sKMon 145 01 the 2011 A¢. to follow the procedures laid down in the eeneral Direc$ ENen bythe Charity CDmmi5sion under serbon 14515llbl of the 2011 Art: a1 to state whether partKular matters have cometo my attention. BASIS OF INDEPEI4DEP EXAMINER'5 REPORT My exarnination wa5 carried wt in accordance with the gen•rwl Directions 8ibn tythe Charfty CommissK)n. An examination incbJde5 4 review of the accovntin8 rncords kept trry the charltyand compori5on of the accounts presented with those COld$. It also Includes consideration of any unwol item5 or dclOSUre$ in the accourrtg and 5Eekirkq expknation5 fTQm you a5 trtJ&tees CONrnI any such mattevL The proc£dur•s undertaken do not provlde all the evidence that would be required in an audttand con5equertly no opinion 15 given as to whethorthe afcounts present a'tEUè and falr vlew, and the report 15 Ilmlted to those Matte set out in the 5tsterneDt below. INDEPENDEKfEXAMINER'S STATEMENT Ix connethon with my examlnafjorb. no Matter ha5 cumeto my attentivn: 111 whith gi¥e5 me reasonable causeto belKpve tt in any materfal resFeCt the requlrementk. have not been meL' or 12) to in my opinion, attentson should be drawTr in orderto enable a proper understandln8 olthe accounts to be reached. Do the Numbers Ltd, 37 Upper Brownhill Road, gjthhampton S016 5NG 3rfJuly 2024 Page4
THE TURBARV ALLOTMENT CHARITY INCOME AND EXPENDrfuRE AccouNr KIR THE YEAR ENDED 31 MARCH 2024 Unrthrlcted ETrdowmrt Total Funds Fund 2024 2023 INCOME Rural P#ymeThtAg Irwme Inve$knrt Inct)frK¥ A8S8t sdd Feed in18rfff InrA)m• Waylvovots Bulldng rwrtd Incomg 9,643 23,1( IOW9 24835 912 912 253 26.591 39J87 61.374 61.374 75 ry8lallY6•d gainj on inveJlmBnt¥akn Bank Intaragt 1.2fy) 1.260 744 TQTAL IPICQMING RES(WRI¥S .634 74588 £XP£NDITURE Gr4nb md• Rop•lrs and n*lntsnanc Wntenance olw0n IUr$n¢8 Walles &Jndri•s IrKlepwerrlexn15 fe8 Mon898rr4nt f•8¥ 49fi57 4.757 39,86Z 4.723 1,633 7,351 575 1.378 iDg,936 49,557 4.757 39.862 4,723 1,633 7.351 104,932 5.557 39,780 1,567 4,324 575 1,378 109.936 163.569 Oepreclatfon 33.647 TOTAL RESOURCES LYPENDED L43 83tt 208.112 NET VICOMINGI IOUTGQING) RESOURCES -134524 The notes on pale 7 form part of these fin41 5t4temEnts. Pa8e 5
The TURBARY ALLOTMENT CHARITY BAiANCE SHEET AS AT 31 MARCH 2024 2024 2023 FIXED ASS Tan8lble assets FLxed 255et instMents 299,780 851,344 J.15J,J25 333,427 775,184 LIL,610 CUftREfr1fsETs Prepayments and othey debtiys CHsh at bank and in hand 25A78 26?76 67,E45 67.fas CURRE1 UABIUTI AccrualsaThJ othef credr(ors NEf CURRENT ASSETS 26,376 67,685 NEfASSErs L177.500 176.296 FUIID5 Designated uThlÈStCted reserve EndDwment FurKI Unreali5ed gains on investments TOTAL FUNDS 125P19 814M3 237998 199.976 814,483 161,837 l176,29S These finaDcial 5tatenent5 were approved on L< li l 1 44 Name Date Ls/I li The note5 on p4&e 71orm part of these flnanclal statsments. Pag+6
THE TURBARY ALLOTMENT CHARITY NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 L AccouMnN6 PIXICIES Basis of accounting The financial 5tstements have been prepared underthe hi5torK21 cost conyenyon. except for irNestments which inrlyded at market value and the rEvslu4tion DFcertain assets, ?nd in accordance th appcable Unlted Klngdom accountir4¥ Standards and The requirernents ofthe St*erTpntof Recijmmended Prathce'Accounttn8 arml Reportiw by Charlties, iSsts In March 2C¢IS ISORP 20051 and FRS102 wlth reded dlsclosure exempt10. Flxed assets Until 2019 all assets were recorded at hisioric c05t due tothe low level of expenditurE. From 2020. all assets were depreciated as lollows land andfreehold bu11 Rxtures and flttyngs on Turbary lluilding Fixture5 and fftiin&s on Turbary Common play and sports EqulpmeTht rècon18d athlstorlc cost or nornknal kue 15 % reducing balance 20 % reducing balance 25% reducinE balance 2. GRANTS and r•lthd wrtyirlnlonS Dur the arthe following grart5were made to Oanat10Th5 wrth which the Charity is related TadlE¥Town CwThdl (tru5teeof chHrtyl Skate park for Icthl resldents £26,730 £26.730 Land and C•mon Bulldlngs flmwms Plav 2024 •qulpm•nt Totsl 3. HXEOASSErs 2023 193,918 17,903 14.464 336.533 562,818 42.094 41094 37B.6Z7 4,9LI 562.818 42AB4 504.911 AddMlon$ as at31.0324 193.918 17,903 14,464 DEPREaAHoN rou8ht forrd Charge forihe 254.387 31.060 271.414 33.547 226.1 44J43 271,484 I,d¥J2 1.185 9.724 asat31D324 N800KVALUE Brou8ht tonvard atOLn&23 193.918 9.>4S 5.925 81146 29L333 34m Carrkd ftyward as at31.0324 93.1 299,780 333A27 C4.23 4. RESERVES Tr4thts 31.0324 Lknrestrkted Endort FUTr Lknrealsedyln on InVeStnts 205,968 814.483 209.473 1,229.923 125,019 814483 257.9 1,177.S 28.525 28.S25 80,948 Pa8e 7