NEW ALRESFORD TOWN TRUST Charit No. 239052 y
Annual Report and Accounts for the year ended 31[st] December 2021
Current Trustees
Mr R V Atkins (Chair & Treasurer) Mr R K Gentry Mr E Jeffs Mrs. P. McClelland Mr C A W Smith
Office: Old Fire Station, 54 Broad Street, Alresford, SO24 9AN
Independent Examiner: Mr H Sethi, F.C.C.A.
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NEW ALRESFORD TOWN TRUST
Contents
Annual Report of the Trustees ................................................................................................... 3 TRUST DEED ....................................................................................................................... 3 STRUCTURE OF THE TRUST ................................................................................................ 3 OBJECTS OF THE TRUST ..................................................................................................... 3 PUBLIC BENEFIT STATEMENT ............................................................................................. 4 PRINCIPAL ACTIVITIES ............................................................................................................ 4 TRUSTEES ............................................................................................................................... 4 SEPARATE ACCOUNTS ............................................................................................................ 5 ANNUAL REPORT AND ACCOUNTS ........................................................................................ 5 RESERVE FUNDS AND FUTURE PROJECTS .......................................................................... 6 ACTIVITIES 2021 ..................................................................................................................... 8 OUTCOME OF PROGRAMME & ACKNOWLEDGMENT OF GRATITUDE ................................ 11 BALANCE SHEET AS AT 31[ST] DECEMBER 2021 ......................................................................... 12 STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31[ST] DECEMBER 2021 ................... 13 RESPONSIBILITIES OF THE TRUSTEES ................................................................................... 21 INDEPENDENT EXAMINER’S REPORT ....................................................................................... 22
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NEW ALRESFORD TOWN TRUST
Annual Report of the Trustees
The Trustees present their Annual Report together with the Financial Statements for the year to 31[st] December 2021.
TRUST DEED
The current Deed is dated 11[th] October 1989 and is the Trusts Governing Document. This has been amended by Order of Charity Commission dated 12[th] February 2004, by a Trustees’ resolution on 8[th] October 2012, and by Memorandum of Amendments dated 15[th] July 2015.
STRUCTURE OF THE TRUST
1) Background
The Trust was incorporated on 28[th] March 1890 as the successor Organisation to the Bailiff and Burgesses. The Charity Commissioners have regulated the Trust throughout its existence, and agreed that 9 Trustees should run the Trust with 5 being nominees of the Parish (now Town) Council and 4 by co-options. The relationship during the 120+ years between the Trust and the Council had been difficult with many conflicts of interest.
2) Current Position
Consequently on 15th July 2015 the Trust with the agreement of the Town Council and approval of Charity Commission has amended the Governing Document in several Key areas :-
-
a. Introducing a scheme of membership whereby residents mainly in the SO24 area can join the Trust for a ‘one off’ payment of £5.00 and 130 Members have so far signed up.
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b. Allowing the members to elect up to 5 Trustees every 4 years commencing at AGM on 23rd February 2017.
Details of all the three Memorandum of Amendments are set out on the Trust’s website, together with the covering letter from the Charity Commission.
OBJECTS OF THE TRUST
The preservation of land, trees, Buildings and documents in New Alresford and such other charitable purposes for the general benefit of the inhabitants of the Parish of New Alresford. The other charitable purposes currently are the restoration of the Eel House, the Arthur Stowell History Fund, the Alresford Museum, Emergency Funding for deserving cases and the Community Minibus.
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PUBLIC BENEFIT STATEMENT
The Trust, which is an independent charity, has carried out its objectives under Clause 22 of the Trust Deed by providing public benefit to the local Community, particularly the residents of New Alresford (see below).
PRINCIPAL ACTIVITIES
The Trust’s principal activities in New Alresford are:-
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Operating a local Community Minibus
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Running markets in Broad Street.
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Ownership of the Old Fire Station.
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Maintaining The Avenue and Trees in Broad Street.
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Administering the Arthur Stowell History Fund.
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Operating a 99 year Lease on the Eel House and finalising its restoration.
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Setting up and operating the Alresford Museum.
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Emergency Funding for deserving cases, including Covid.
TRUSTEES
The following Trustees served during the year as follows:
Robin Atkins Co-opted Trustee throughout the year. Roy Gentry Members Trustee elected 23/02/2017. Dorothy Hamilton Co-opted Trustee resigned 7/2/2021. Ernest Jeffs Co-opted Trustee appointed 15/08/2018. Penny McClelland Co-opted Trustee appointed 9/09/2020 Andrew Smith Members Trustee elected 23/02/2017.
During 2021 the Trustees carried out their principal activities by delegating responsibility as follows:-
Chair, Treasurer, Market and Eel House Alresford Museum and Website Open Days Eel House. Ernie Jeffs The Avenue Penny McClleland Open Days Eel House,Covid Fund and Fair Suppliers Contracts.
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SEPARATE ACCOUNTS
The Trust analyses between the following Designated Funds:
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General Fund
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Minibus Account
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Arthur Stowell History Fund
-
Eel House
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Alresford Museum
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Emergency Fund for deserving cases including Covid relief
-
Sinking Fund
Although the funds as allocated are not held in distinct accounts, they are dealt with in the Trust as respectively Restricted and Unrestricted.
ANNUAL REPORT AND ACCOUNTS
The Trustees have prepared accounts to 31[st] December 2021 in accordance with the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the Statement of Recommended Practice Charity SORP 2005, and on the historic cost basis as modified by the revaluation of investments.
The Trust is classified as a smaller charity and so the Financial Statements require only independent examination, which has been performed by Mr H Sethi, F.C.C.A.
The Financial Statements are set out on Pages 12-20.
The net income of the funds to 31[st] December 2021 are summarised as follows:
| Funds General Minibus Arthur Stowell Eel House Alresford Museum Sinking Fund Hardship Fund |
Gross Income Expenditure Net Income £ £ £ 14975 23606 -8631 8279 12231 -3952 55 - 55 3534 319 3215 19247 6474 12773 7273 - 7273 - 250 -250 |
|---|---|
| 53363 42880 10483 |
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RESERVE FUNDS AND FUTURE PROJECTS
The Trustees have reviewed their principal activities and considered the monies needed to carry out major projects to meet their objectives.
The Avenue
The land was conveyed to the Bailiffs and Burgesses in 1869 and then to the Trust on its corporation in 1890. The Avenue represents the Key feature to the western entrance of the Town and contains some 114 Trees, which are subject to Preservation Orders. Although the individual trees have long lives they still need care and attention until they die.
The Trustees had set up a Sinking Fund for tree work needed to keep the continuance of The Avenue. The Sinking Fund has been increased by £7273 with a balance at 31[st] December 2021 of £29020.
Following the detailed review of each Avenue tree in 2021, major tree work was highlighted and the Trustees spent the sum of £10.9K during the year. The Trustees have spent £19.1k in total on The Avenue this year.
Museum
The Trust took over the defunct “Alresford and District Museum Trust” on 17[th] November 2011 with the object of continuing to acquire local artefacts and documents and the eventual objective of finding suitable premises to exhibit and display the material in the Town Centre.
Since November 2011 the Trust has spent nearly £7,000 in acquiring artefacts and documents as well as finding 400 items of archaeological interest in fields adjacent to Alresford. We will keep expanding the number of artefacts and documents.
The Trustees and its tenant, Artworthy Framing, agreed a new 12 year Lease in respect of the Old Fire Station from 1[st] January 2020, whereby the Trustees would occupy 2 rooms behind the Red Doors, and the tenant would use the remaining half of the building.
During 2019 the Trustees have used its room as a Museum for the old horse drawn Fire engine and artefacts. The cost of converting this room to a Museum Room was £13,764. It was first opened to the public on 15[th] September 2018.
The Trustees expanded the Museum area during 2020 into the second room. Further costs of converting this area amounted to nearly £23000.
Eel House
The Eel House was built in the 1820s by the then owners of Arlebury Park House and continued in commercial use until the late 1970s regularly shipping live eels to London. It was then abandoned for over 30 years and the site and the building became very overgrown.
In 2006 two volunteers began to remove the ivy; a job they did not expect would be difficult or expensive. As they cut the first thick stems there was a loud crack; the South West corner
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of the building had collapsed; all that was holding it up were the remaining stands of ivy. Years of neglect had allowed the river to scour out the ground beneath the building, assisted by the roots of a nearby Ash with the risk that it would crumble into the river.
With much goodwill all round, the owner granted the Town Trust a 99-year lease on the building at a peppercorn rent. This enabled us to search for charitable grants and tax efficient donations for reconstruction, and ensured the future of The Eel House.
Repairing the collapsed foundations and walls was the first priority followed the restoration of the external structure, rebuilding and repointing walls, replacing roof tiles, and installing new railings. This work was completed early in 2008 and the first open day was in April of that year.
The Eel traps have been restored and the essential work on the sluices ensures the Eel House continues to fulfil one of its primary functions; the flow of water in the river and its level upstream previously undertaken using timber and plastic sheet. This was completed in 2021 at a cost of some £25,000.
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ACTIVITIES 2021
FINANCE AND RESERVES
The Trust has adopted a policy of medium financial risk with the majority of its current assets, reflected in the various funds, being invested on a short term basis or with COIF Charity Funds which currently give a better dividend return than cash invested. (see Note 5). The Trust has no debt.
The Sinking Fund stands at £29.0K and will be built up to £50K during the next 20 years.
The General Fund stands at £79.8K and is adequate to cover the future activities and any future Capital projects.
The Accounts reflect the unrealised gains shown by revaluations as at 31[st] December 2021 of £224.4K as set out in Note 7.
MINIBUSES
The Trust has two Minibuses having acquired a new Minibus in April 2017 for £58,454 (see Note 2(c)). The old Minibus was restored in June 2017 and will continue to be run at least until December 2023.
The Minibus fares are based on donations which are at suggested rates well below commercial fares and consequently relies heavily on receipt of outside Grants (see Note 10), Gift Aid and Interest allocation.
OPERATIONS
| Net Operational Receipts ADD: Grants received Gift Aid receivable Interest allocation LESS: Depreciation for year Defecit for the year |
£ -2857 4610 50 1228 |
|---|---|
| 3031 -6983 |
|
| -3952 |
Due to Covid the minibus operation only restarted in June 2021. The Trustees decided to reduce the net book value of the newer minibus to £36000. Depreciation in the year £6024.
The Minibus Fund stands at £112.5K of which £30K is deemed to be permanent Capital.
MARKET & FAIR TOLL
Covid has curtailed the Thursday market resulting in total income of £6821. There were two Brocante markets in the year bringing in further income of £575 taking the total market income to £7396.
There was no Watercress Festival but the Michaelmas Fair was held in October bringing in a further £1300.
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EEL HOUSE
The Trust has been granted an initial Licence to catch Eels for Educational and Scientific reasons. We intend to test the number of eels by initiating sessions to trap eels in future years.
There were four Open Days during the year. An Eel House booklet is planned for Spring 2022; this will be launched on 18[th ] April 2022 (The first of six open days planned in 2022).
THE AVENUE
NATC agreed in 2010 to cut the grass on The Avenue and be responsible for costs of Arboricultural surveys every 4 years. In early 2016 NATC withdrew their financial support on these matters.
As a consequence the Trust sought other finances which have been received as follows:
| Sponsorship Friends scheme Surplus for the year |
£ 1500 731 |
|---|---|
| 2231 |
Sponsorship was obtained from Hellards, Charters and CD Trees totalling £1500 in the year.
The Friends Scheme involved payments of £25 per household per annum. 23 households renewed their contribution in 2021. The contributors are listed below:-
Robin Atkins; Mr & Mrs M Clayton; Simon Rickets; Catherine Brill; Mr & Mrs G Andrews; Charles Bazlinton; Mrs Jennifer Clelland; Dave Stow; Peter Bridges; Mrs J M Parker; Mr Roger Lockyer; Dorothy Hamilton; Felicity Dwyer; Gemma Allen; Mr & Mrs G Hand; Mrs. Hughes-Onslow; Mr & Mrs A. Canning; Roger Pearson: Barry Aked; Julia Maxwell-Tomlinson; Alicia Salter; Reginald Simmons; Robin Good.
MUSEUM
We entered 2021 with some trepidation and uncertainty not knowing how many Open Days we would be permitted but we managed to achieve five and all our visitors were most appreciative of their visit.
The big red doors were given their final coat of paint in early spring and in the middle of the year we acquired more display cases one specially designed to house the Beadle’s Staff, the Constables Batons and the their modern reproductions. We now have a hanging sign advertising the Museum and the outside light at the front has also been replaced
During the year we have continued to acquire artefacts and photographs but our metal detecting activities, covering sites in Alresford, has been curtailed. We continue to look for sites to explore in and around Alresford that will add to our knowledge.
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We are looking forward to an exciting year, hopefully less constrained by Covid restrictions, and we are looking for people who can assist us in this endeavour. We particularly need stewards to man the Museum so that we can open more frequently. If you can help please contact Roy Gentry on (01962) 773185 or roy.gentry@alresford.org.
EMERGENCY FUND FOR DESERVING CASES INCLUDING COVID,
The Trust made one payment of £250 during the year leaving a closing balance of £4877.
HISTORICAL DOCUMENTS
The Trust files all its important documents in the Hampshire Record Office and an up to date list was last produced in Spring 2011. The Trust has agreed with the Record Office not to file documents until at least a period of 5 years has elapsed.
WEBSITE (www.towntrust.org.uk)
The website was launched in early 2009 and later extended to cover the history of the Trust and all its current activities. It also has a section to cover Press Releases and news updates.
PRESS RELEASES & PUBLICITY
The Trust advertises important events and activities by the website, press releases and reports.
GRANTS, DONATIONS & GIFT AID
The overall total received by NATT was £28296 (see Notes 10, 11 and 12).
BREACHES OF RIGHT OF WAY OVER THE AVENUE
The Town Council has been notified of these breaches and their settlement is awaited.
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OUTCOME OF PROGRAMME & ACKNOWLEDGMENT OF GRATITUDE
The Trustees would like to thank:-
David Woods who chaired the Eel House Restoration Committee.
All volunteer drivers who gave their time in driving and organising trips for the Minibus, and all volunteers who gave their time on Open Days.
Penny Claisse and Nick Denbow for their help on the Alresford Museum Committee together with Rich and Ann Pay.
Donors, Grantees and others who gave monies to the Trust and are listed on Page 19 and in Note 10 to the Accounts.
Jan Field for her help with work required on The Avenue and her volunteers.
Paddy Walshe for his help on Eel House.
Peter Bridges who maintains and cuts the grass on The Avenue and also looks after the trees on The Avenue and Broad Street.
Expectations for 2022
The Trustees have arranged a series of open days and special markets for 2022 as shown on the website.
R V Atkins (Chair)
R K Gentry (Trustee)
16[th] February 2022
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NEW ALRESFORD TOWN TRUST
BALANCE SHEET AS AT 31[ST] DECEMBER 2021
| Notes FIXED ASSETS Clock 2a & 2f Old Minibus 2b New Minibus 2c Minibus Garage 2d Fixtures & Fittings 2f Investments – Property Heritage Assets Total Fixed Assets CURRENT ASSETS Cash at Bank Short Term Accounts 4a COIF Charity Fund 5 Stock 4c Debtors & Prepayments 4b Total Current Assets LESS CURRENT Creditors and accruals Net Current Assets NET ASSETS Represented by: Unrestricted General 9 Revaluation Reserves 7 Restricted Minibus 9 Eel House 9 Arthur Stowell 9 Alresford Museum 9 Emergency/Covid 9 Sinking Fund 9 & 13 |
31 December 2021 895 1468 36000 4146 753 111698 116301 271261 11995 45000 150112 497 2866 210470 1504 208966 480227 79790 224413 304203 112538 4270 3340 21979 4877 29020 176024 480227 |
31 December 2021 895 1468 36000 4146 753 111698 116301 271261 11995 45000 150112 497 2866 210470 1504 208966 480227 79790 224413 304203 112538 4270 3340 21979 4877 29020 176024 480227 |
31 December 2020 £ £ 1183 1468 42424 4705 976 111698 116301 278755 45158 45000 82345 266 3003 175772 2550 173222 451977 88421 206646 295067 116490 1055 3285 9206 5127 21747 156910 451977 |
31 December 2020 £ £ 1183 1468 42424 4705 976 111698 116301 278755 45158 45000 82345 266 3003 175772 2550 173222 451977 88421 206646 295067 116490 1055 3285 9206 5127 21747 156910 451977 |
|---|---|---|---|---|
| 11995 45000 150112 497 2866 |
45158 45000 82345 266 3003 |
|||
| 210470 1504 |
175772 2550 |
|||
79790 224413 |
88421 206646 |
|||
| 480227 | 451977 | |||
| 304203 176024 |
295067 156910 |
|||
| 112538 4270 3340 21979 4877 29020 |
116490 1055 3285 9206 5127 21747 |
|||
| 480227 | 451977 |
R V Atkins (Chair) R K Gentry (Trustee) 16 February 2022
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NEW ALRESFORD TOWN TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31[ST] DECEMBER 2021
| Notes GENERAL FUND Income Rent from Old Fire Station Market Tolls Fair Tolls Wayleaves and Lease Interest & Dividends 8 Membership & Donations Avenue income 12 LESS: Expenditure Secretarial Costs & Expenses Maintenance – The Avenue Old Fire Station/Broad Street Insurance Book-keeping Sundry Expenses Depreciation on Fixtures/Fittings & Clock 2f Legal Expenses NET EXPENDITURE ARTHUR STOWELL FUND Interest & Dividends 8 NET INCOME EEL HOUSE FUND Income Open Days Sale of Cards Gift Aid 11 Project Grants & Donations 10b Interest & Dividends 8 LESS: Expenditure Insurance/Expenses NET INCOME |
£ 2400 7396 1300 69 1559 20 2231 |
£ £ 14975 (23606) (8631) 55 3534 (319) 3215 |
|---|---|---|
| (314) (19129) (190) (1865) (600) (447) (498) (563) |
||
| 55 645 - 250 2584 55 |
||
| (319) | ||
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| Notes £ £ MINIBUS FUND Income Donations Fares 2377 Age Concern - Operating Grant & Collections 10a 4610 Interest & Dividends 8 1228 Gift Aid 50 Sale of Booklets – Profit 14 8279 LESS: Expenditure Operating Expenses (5648) Depreciation 2e (6583) (12231) NET EXPENDITURE ALRESFORD MUSEUM FUND Income Government Grants 10c 17907 Open days 539 Sponsorship 10c 500 Gift Aid 11 26 Interest & Dividends 8 275 19247 LESS: Expenditure Expenses (6474) (6474) NET INCOME SINKING FUND Income Sale of Land (Net) 13 6815 Interest & Dividends 8 458 NET INCOME HARDSHIP FUND Income Donations - - LESS: Expenditure Grants (250) NET EXPENDITURE (250) TOTAL NET INCOME ON ALL TRUST ACTIVITIES IN 2021 |
£ 2377 - 4610 1228 50 14 |
£ 8279 (12231) |
£ (3952) 12773 7273 (250) |
|---|---|---|---|
| (5648) (6583) |
|||
| 17907 539 500 26 275 |
|||
19247 (6474) |
|||
| (6474) | |||
| 6815 458 |
|||
| - (250) |
|||
| - (250) |
|||
| 10483 |
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NOTES TO THE ACCOUNTS
1) ACCOUNTS
The Accounts to 31.12.2021 have been prepared in accordance with the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the Statement of recommended Practice Charity SORP 2005, and under the historic cost basis as modified by the revaluation of investments.
2)
a) CLOCK
The clock was purchased and refurbished in 2014 at a cost of £2,911. It will be depreciated at £291 per annum from 2015 over a period of 10 years. Cumulative Depreciation to date is £2016
– See 2(f) below.
b) OLD MINIBUS
| Cost including refurbishment LESS: Depreciation to date (159 months) Net Book Value at 31.12.2021. Depreciation in 2021 was £nil c) NEW MINIBUS Cost in April 2017 LESS: Depreciation to date (56 months) Net Book Value at 31.12.2021. Depreciation in 2021 was £6024 d) GARAGE EXTENSION Cost in June 2009 LESS: Depreciation to date (151 months) Net Book Value at 31.12.2021. |
£ 59844 (58376) |
|---|---|
| 1468 | |
| £ 58454 (22454) |
|
| 36000 | |
| £ 11178 (7032) |
|
| 4146 |
The garage extension is being depreciated over 20 years.
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e) Depreciation charge for the year
| Depreciation charge for the year | |
|---|---|
| Old Minibus New Minibus Garage extension |
£ - 6024 559 |
| 6583 |
f) FIXTURES/FITTINGS & CLOCK
| FIXTURES/FITTINGS & CLOCK | |
|---|---|
| Clock Fixture Board (see below) Museum Cabinets/Notice Board Fair sign |
Net Book Value Depreciation in Year £ £ 895 288 294 - 225 210 234 - |
| 1648 498 |
NOTE: The fixture board cost £623 in 2017 less £329 in donations have been received over years 2017-2021 from Robin Atkins.
3) OLD FIRE STATION
A valuation of this property was carried out by Andrew Smith & Son, Chartered Surveyors on 14[th] January 2013 and was on an investment basis. Alterations to the building have been made to accommodate the new Museum. These alteration costs of £36,698 have been added to the Valuation in 2013. The figure in the accounts is £111,698.
4)
| a) SHORT TERM ACCOUNT Teachers Building Society Instant Access 90 Day Account |
£ 10000 35000 |
|---|---|
| 45000 |
- b) DEBTORS & PREPAYMENTS
| b) DEBTORS & PREPAYMENTS | |
|---|---|
| Debtors Prepayments c) STOCK Eel House postcards Minibus booklets Bench parts |
£ 589 2277 |
| 2866 | |
| £ 14 233 250 |
|
| 497 |
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5) COIF CHARITY FUNDS
The Trust holds 7298 Income Units with a market value at 31[st] December 2021 of
£150112.
The gain in value of £17767 in the year has been credited to Revaluation Reserves, making the total unrealised gain of £33112.
6) HERITAGE ASSESTS
- a) The Trust owns the rights to all income from the use (mainly Markets and Fairs) in Broad Street. The Trustees believe that this is an asset, whose value should be based on 10 times income. The income from these rights in 2008 totalled £11,673; there was some small costs involved in producing this income.
Although the income for 2021 was £8696 the Trustees have decided not to change the value in the 2021 accounts, as they believe that the lower income figure for 2021 is not permanent.
The Trustees value this heritage asset at £116,300.
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b) The Trustees also own other heritage assets, which currently do not produce income namely :-
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The ownership of The Avenue to Drove Lane
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99 year Lease on the Eel House.
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Ancient documents,. Artefacts and Maces.
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Museum artefacts
The Trustees have valued these heritage assets at £1.
7) CAPITAL AND REVALUATION RESERVE
The Reserve at 31[st] December 2021 is made up as follows:-
| Note Property 3 COIF 5 Heritage Assets 6a & b |
£ 75000 33112 116301 |
|---|---|
| 224413 |
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8) INTEREST AND DIVIDENDS
Total interest and dividends receivable during the year was £3630. This has been split/allocated on the basis of the average amounts held for each activity.
| General Fund Arthur Stowell Fund Minibus Fund Eel House Alresford Museum Sinking Fund |
£ 1559 55 1228 55 275 458 |
|---|---|
| 3630 |
9) STATEMENT OF SEPARATE FUNDS FOR YEAR
| Opening Balance Net Income Closing balance |
General Fund Eel House A.S. Fund Minibus Fund Museum Fund Emerg’y Fund Sinking Fund £ £ £ £ £ £ £ 88421 1055 3285 116490 9206 5127 21747 (8631) 3215 55 (3952) 12773 (250) 7273 |
Total £ 245331 10483 |
|---|---|---|
| 79790 4270 3340 112538 21979 4877 29020 |
255814 |
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| 10) a) OPERATING GRANTS MINIBUS COUNCILS (7) Winchester City Council Old Alresford Parish Council Hampshire County Council Cheriton Parish Council Ropley Parish Council Bighton Parish Council Bishop’s Sutton Parish Council ORGANISATIONS & INDIVIDUALS (4) Brenda Low Richard Steel & Partners Kevin Ryan Natalie Carpenter/Eliz. Lawrence PUBLIC COLLECTIONS Collection Box b) EEL HOUSE GRANTS/DONATIONS Government Grants Roger Pearson Bio Cain Engineering c) MUSEUM GRANTS/SPONSORSHIP Government Grants Hellards Estate Agents Total of receipts in Note 10 11) GIFT AID Minibus Fund Eel House Fund Friends of The Avenue Football Fixture Board Museum Fund |
£ 2000 650 500 200 150 60 50 |
£ 3610 1000 - |
|
|---|---|---|---|
| 500 250 200 50 |
|||
| £ 1334 1000 250 |
|||
| 4610 2584 18407 |
|||
| 17907 500 |
|||
| 25601 |
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12) AVENUE INCOME
| AVENUE INCOME | |
|---|---|
| Friends of The Avenue (includes Gift Aid £131) Grant from NATC Sponsorship Hellards Estate Agents Sponsorship Charters Estate Agents Sponsorship CD Trees |
£ 731 - 500 500 500 |
| 2231 |
- 13) A small piece of land previously leased to the owners of 46 Pound Hill was sold to them at market value during the year
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NEW ALRESFORD TOWN TRUST
RESPONSIBILITIES OF THE TRUSTEES
31[ST] DECEMBER 2021
The Trust requires the Treasurer to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and of the surplus of the Trust for that period. In preparing those financial statements, the Treasurer on behalf of the Trust has:
-
Selected suitable account policies and applied them consistently
-
Made judgments and estimates that are reasonable and prudent.
-
Followed applicable accounting standards.
-
Prepared financial statements on a going concern basis.
The Treasurer and Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust, the Trustees are also responsible for safeguarding the assets of the Trust, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Financial Statements were approved by the Trustees at a Meeting on 16[th] February 2022.
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