## **REGISTERED CHARITY NUMBER: 282839**
**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2021**
**FOR**
**FISHERMEAD TRINITY CENTRE**
## **FISHERMEAD TRINITY CENTRE**
## **CONTENTS OF THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[st] MARCH 2021**
||Page|
|---|---|
|Report of the Trustees|3 - 5|
|Independent Examiner's Report|6 - 7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 - 12|
|Detailed Statement of Financial Activities|13|
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## **FISHERMEAD TRINITY CENTRE REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31[st] MARCH 2021**
The trustees present their report with the financial statements of the charity for the year ended 31[st] March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2011.
## **A. REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity Number:**
282839
## **Principal Address**
Fishermead Boulevard Fishermead Milton Keynes MK6 2LA
## **Trustees**
Cllr C Tallack M Nussbaum M R Petchey D Kendrick Rev T Norwood H Elbers D J Mahon
## **Independent Examiner**
Timothy May 7 Sandown Court Bletchley Milton Keynes MK3 5LZ
## **B. STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing Document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## **Risk Management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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## **C. OBJECTIVES AND ACTIVITIES**
The core objective of the charity is the operation of a Community Hall in Fishermead, Milton Keynes.
To provide facilities for recreation and leisure time for the inhabitants of Fishermead and its immediate neighbourhood, together with the advancement of the Christian religion by provision of facilities for the Church of England, the Methodist Church, the Baptist Church and the United Reformed Church.
## **Public benefit that is provided by the charity**
The trustees confirm that they have given their due consideration to the Charity Commission guidance on the operation of the Public Benefit requirement.
## **D. ACHIEVEMENTS AND PERFORMANCE**
The Community Asset Transfer of the Centre is still ongoing but the complexities of the various lease arrangements attached to the current trust continue to delay the progress of the transfer. Whilst the transfer process is still ongoing all significant renovation and refurbishment plans remain on hold. Like many organisations the Centre has felt the impact of the pandemic. The Covid-19 restrictions meant the Centre was closed for several months during the financial year. Bookings were accepted that complied with the guidance relevant at the time of the booking.
The Centre did however benefit from the government’s Business Support Package grants and the furlough scheme.
## **E. FINANCIAL REVIEW**
## **Policy on reserves**
The cash at the bank is £16,324, which represents £15,997 of general, unrestricted funds and a balance of £327 of the Community Garden grant.
Only the unrestricted general funds meets the Charity Commission’s definition of reserves. The trustees seek to maintain reserves at not less than three months’ general fund expenditure (i.e. £6,890 based on 2020/21 activity), believing that this provides a prudent buffer against unforeseen expenditure. The funds held are currently above the policy threshold.
## **Investment Policy**
To invest the unused funds in secure interest bearing deposit accounts. To hold these in secure and ethical funds in accordance with the Trust Deeds.
## **Review**
The General Fund net incoming/(outgoing) resources amounted to a surplus of £2,213 (2020; £8,185 deficit) during the year.
The pandemic impacted the Centre usage during the Financial Year delivering a significant reduction to income. The lost income was replaced by the Government’s Business Support Package grants.
The part time staff member, appointed in April 2019, was employed on a one year temporary contract. Sadly the revenue streams did not permit an extension to the appointment so the Centre deployment returned to one full time employee at the commencement of the 2020/2021 Financial Year.
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The closure of the building delivered savings on Light and Heat and Cleaning. The furlough claims added to the Accountancy and Bookkeeping charges. The CCTV surveillance was upgraded during the period and the annual servicing continued through lockdown so Repairs, Renewals and Maintenance rose slightly on the prior year.
The lockdown guidance meant that the Church and community collaboration on the landscaping work around the Centre had to be put on hold.
## **ON BEHALF OF THE BOARD**
Trustee: …………………………
27[th] January 2022 Date: …………………………
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CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examinerfs report on the
accounts
Section A
Independent Examiner's Report
Report to tho trusteesl
membors of
Trinity Centre Trust
On accounts for the year
•nded
Charity no
(if any)
31st March 2021
282839
Set out on pa90$
8-13
I report to the trustees on my examination ofthe accounts of the above
charty Trusf) for the year ended 31•t March 2021.
AS th8 Ghaiity's twstees. you are responsible for the preparation of the
accounts in accordan with the tequiiements of Ihe Charities AGt 2011
(Ihe A¢r}.
Responsibilities and
basis of réport
I report in respect of my examination of the Trust's accounts carried oul
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Dirertions given by the Charity Commission
urKler 8edion 145{5}(b) of the Act.
Indopgnd•nt lThe tharity's gross incijne exceeded £250,000 and l am qualified to
oxamlnevs statement undertake the examination by being a qualffi8d member of linsert name of
applicable Ilsled body]l- Del8te I l rfnol applicable.
I have completed my examinalion. I confimi that no material matters have
come to my attention in connection with the examination1olhePt
di6610*.) which gives me cause to believ8 Ihat in, any material
re$pEcl".
the accounting records were not kept in accordance Ihllth section 130
of the Charrties Act- or
the accounts dKI not accord with the accounting records.. or
the accounts did not comply wrth the applicable requirements
conceming the fomi and content of accourrts Set out in the Chartties
{AwJunts and Reports) Regulations 2008 other than any requiremenl
that the accounts give a Irue and fair. view which is not a matter
consmlered as part of an independent examination.
I hav8 no concems arKI have come across no other mattefs in ¢onnecti(
wilh the examination to which attention should b2 drawn in this report in
order to enable a proFer understanding of the ac¢owt5 to be reached.
. Ple8se d61lets the words In the br8ckets rflhey do not appty.
Sign•d:
Nama:
## **Relevant professional qualification(s) or body (if any):**
M.B.A.
**Address:**
7, Sandown Court Bletchley Milton Keynes, MK3 5LZ
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
7 | P a g e
## **FISHERMEAD TRINITY CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31[st] MARCH 2021**
|**Notes**
**Unrestricted**
**Funds**
**£**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Voluntary Income
23,994
Insurance Claim
0
Activities for Generating
Funds
2
5,779
**Total Incoming**
**Resources**
**29,773**
**RESOURCES EXPENDED**
Governance Costs
562
Other Resources
Expended
26,998
**Total Resources**
**Expended**
**27,560**
**NET INCOMING/(OUTGOING)**
**RESOURCES BEFORE**
**TRANSFERS**
8
2,213
**Transfers between**
**Funds**
0
**Net**
**Incoming/(Outgoing)**
**Resources**
2,213
**RECONCILIATION OF FUNDS**
**Total Funds Brought**
**Forward**
12,888
**TOTAL FUNDS**
**CARRIED FORWARD**
**15,101**|**Restricted**
**Funds**
**£**
500
0
0
**500**
0
250
**250**
250
0
250
77
**327**|**2021**
**Total**
**Funds**
**£**
24,494
0
5,779
**30,273**
562
27,248
**27,810**
2,463
0
2,463
12,965
**15,428**|**2020**
**Total**
**Funds**
**£**
0
0
38,069|
|---|---|---|---|
||||**38,069**
336
45,987|
||||**46,323**
(8,254)
0|
||||(8,254)
21,219|
||||**12,965**|
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## **FISHERMEAD TRINITY CENTRE**
## **BALANCE SHEET**
## **AT 31[st] MARCH 2021**
|**Notes**
**FIXED ASSETS**
Tangible Assets
5
**CURRENT ASSETS**
Cash at Bank and in
Hand
Debtors
6
**CREDITORS**
Amounts falling due
within one year
7
**NET CURRENT**
**ASSETS**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted Funds
8
Restricted Funds|**Unrestricted**
**Funds**
**£**
672
15,997
30
16,027
1,598
14,429
15,101
15,101|**Restricted**
**Funds**
**£**
-
327
-
327
-
327
327
327|**2021**
**Total**
**Funds**
**£**
672
16,324
30
16,354
1,598
14,756
15,428
15,428
15,101
327
15,428|**2020**
**Total**
**Funds**
**£**
1,053
13,896
35|
|---|---|---|---|---|
|||||13,931
2,019|
|||||11,912|
|||||12,965|
|||||12,965|
|||||12,888
77|
|||||12,965|
The financial statements were presented to the Trustees 25[th] January 2022 and were signed on their behalf by:-
Trustee………………………………..
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**FISHERMEAD TRINITY CENTRE NOTES TO FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31s MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **Accounting Convention**
The financial statements have been prepared under the historical cost convention and in accordance with the current Financial Reporting Standard. In preparing the financial statements the Trust follows best practice as set out in the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” effective January 2015.
## **Incoming Resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources Expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible Fixed Assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Equipment and Computing Equipment on a 33% reducing balance basis.
Fixtures and Fittings are estimated to have a five year life.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. ACTIVITIES FOR GENERATING FUNDS**
|Letting Income
Bank Interest
||**2021**
**£**
5,775
4
**5,779**|**2020**
**£**
38,059
10
**38,069**|
|---|---|---|---|
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## **FISHERMEAD TRINITY CENTRE**
## **NOTES TO FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31s MARCH 2021**
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remunerations or other benefits for the year ended 31[st] March 2021 nor for the year ended 31[st] March 2020.
## **Trustees' Expenses**
There were no trustees' expenses paid for the year ended 31[st] March 2021 nor for the year ended 31[st] March 2020.
## **4. STAFF COSTS**
|Wages and Salaries
Work Place Pension
Furlough Scheme
**Total Payroll**|**2021**
**£**
17,153
1,445
(7,751)
.
**10,847**|**2020**
**£**
26,837
1,485
-
.
**28,322**|
|---|---|---|
## **5. TANGIBLE FIXED ASSETS**
||Plant and
Machinery|Fixtures
and
Fittings|Fixtures
and
Fittings|Computer
Equipment|Computer
Equipment|Total|
|---|---|---|---|---|---|---|
||**£**|**£**||**£**||**£**|
|**COST**|||||||
|At 1st April 2020|322|52,621||1,872||54,815|
|Disposals in year|-|-||-||0|
|Additions|-|-||-||0|
|At 31t Mh 2021|322|52621||1872||54815|
|s arc||,||,||,|
|**DEPRECIATION**|||||||
||||||||
|At 1st April 2020|302|51,628||1,831||53,761|
|Disposals in year|-|-||-||0|
|Charge for Year|7|361||14||382|
|At 31t Mh 2021|309|51989||1845||54143|
|s arc||,||,||,|
|**NET BOOK**|||||||
|**VALUE**|||||||
|At 31st March 2021|13|632||27||672|
|At 31t Mh 2020|20|993||41||1054|
|s arc||||||,|
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**FISHERMEAD TRINITY CENTRE NOTES TO FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31s MARCH 2021**
## **6. DEBTORS; AMOUNTS DUE AT FINANCIAL YEAR END**
|**2021**
**£**
Hall Hire
30
-
**30**
**7. CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2021**
**£**
Waste Collection
88
March Salary Costs
112
Shutter Repair
798
Hall Hire paid in advance
600
**1,598**|**2020**
**£**
35
-
**35**
**2020**
**£**
132
138
0
1,749
**2,019**|
|---|---|
## **8. MOVEMENT IN FUNDS**
|Unrestricted General Fund
Restricted Funds
**Total Funds**|Net
At 1stApril Movement
2020 in Funds
£
£
12,888
2,213
77
250
**12,965**
**2,463**|Transfers
Between
31stMarch
Funds
2021
£
£
-
15,101
-
327
**-**
**15,428**|
|---|---|---|
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## **FISHERMEAD TRINITY CENTRE**
## **NOTES TO FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31s MARCH 2021**
|**INCOMING RESOURCES**
**Voluntary Income**
Grants
Insurance
**Activities for Generating Funds**
Letting Income
Bank Interest
**Total Incoming Resources**
**RESOURCES EXPENDED**
**Governance Costs**
Accountancy and Bookkeeping
Legal and Professional Fees
**Other Resources Expended**
Cleaning
Repairs, Renewals and Maint
Regeneration and Refurbishment
**Support Costs**
**Management**
Wages
Training
Rates and Water
Insurance
Light and Heat
Telephone/Broadband
Postage, Stationery and Advertising
Sundries
Waste Disposal
Premises Costs
**Finance**
Bank Charges
**Information Technology**
IT Costs
**Other**
Fixtures and Fittings Depreciation
Computer Equipment Depreciation
Plant and Equipment Depreciation
**Total Resources Expended**
**Net Income/(Expenditure)**|Unrestricted
Funds
£
23,994
-
5,775
4
**29,773**
490
72
**562**
134
4,220
-
**4,354**
10,847
0
1,310
111
5,055
1,283
650
0
1,093
1,171
**21,520**
510
232
361
14
7
**382**
**27,560**
**2,213**|Restricted
Funds
£
500
-
-
-
**500**
-
-
**0**
-
250
-
**250**
-
-
-
-
-
-
-
-
-
-
**0**
-
-
-
-
-
**0**
**250**
**250**|2021
Total
£
24,494
0
5,775
4
**30,273**
490
72
**562**
134
4,470
0
**4,604**
10,847
0
1,310
111
5,055
1,283
650
0
1,093
1,171
**21,520**
510
232
361
14
7
**382**
**27,810**
**2,463**|2020
Total
£
0
0
38,059
10|
|---|---|---|---|---|
|||||**38,069**
192
144|
|||||**336**
1,118
3,023
0|
|||||**4,141**
28,322
214
402
108
7,805
1,272
693
0
1,011
957|
|||||**40,784**
468
202
362
20
10|
|||||**392**
**46,323**|
|||||**(8,254)**|
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