| KING GEORGE'S FIELD CHARITY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31MARCH ZOZ1 |
KING GEORGE'S FIELD CHARITY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31MARCH ZOZ1 |
KING GEORGE'S FIELD CHARITY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31MARCH ZOZ1 |
KING GEORGE'S FIELD CHARITY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31MARCH ZOZ1 |
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| The trustee has pleasure in presenting its report and the unaudited financial statements |
ofthe | charity | ||||
| FOR THE YEAR ENDED 31MARCH 2020 | ||||||
| ADDRESS | ||||||
| King George V Pavilion, Peter Grant Way, Ferndown, Dorset, BH22 9EN |
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| TRUSTEE | ||||||
| Ferndown Town Council (SoleTrustee) |
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| represented by its members atthe dare afthe meeting |
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| CONTACT | ||||||
| Mrs LHarrison (Administrator to the Trustee), The Barrington |
centre, Pennys walk, Ferndown | BH22 9TH | ||||
| EXAMINER | ||||||
| Dothe Numbers Ltd,37Upper Brownhill Road, Southampton |
3016SNG | |||||
| BANKERS | ||||||
| National Westminster, 603 Ringwoad Road, Ferndown, Dorset, BH22 9BL |
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| GOVERNANCE | ||||||
| Conveyance dated 30e July 1933resulting in Declaration ofTrust dated 10e September 1956 as amended by Schemes date 12 January 1997and 7"March 1997and resolution dated 31"May |
2012 | |||||
| Registered as a Charity on 23eOctober 1962 |
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| A/l documents available from the administrator upon request. |
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| OBJECTIVES | ||||||
| The object ofthe Charity is the provision and maintenance of |
a public recreatian | graund | for the benefit of | |||
| all persons, without distinction ofpolitical, religious or other opinions with the object ofimproving |
the | |||||
| conditions of life for the said persons. |
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| The land shall be held upon trust for use for the object ofthe | Charity. | |||||
| The land shall be maintained as a permanent memorial to King George V under |
the pravlsions | ofthe King | ||||
| George's Fields Faundatlon. | ||||||
| The trustee believes that the charity meets the public benefit | requirements and |
has complied | with | the duty | ||
| in section 4ofthe 2011Act. | ||||||
| ACHIEVEMENTS | ||||||
| Ferndawn Town Council contributes towards the improvement |
and maintenance | ofthe | facilities by means | |||
| of an annual grant. The amount ofthis grant for the current year was 6119,447 | (2020:6113,460). | |||||
| Both the Charity and the Tawn council trustee clearly identify |
the cost / value ofworks carried | out | by | |||
| charity staff to maintain council assets and facilities, separate |
fram the grant. | |||||
| Activities and abjectives ofbath the charity and its trustee are detailed on the Council website. |
| Unrestricted | Restricted | Endowment | Endowment | Total Funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | ||||||||
| F | 1 | 6 | 6 | 6 | ||||||||
| INCOMING | RESOURCES | |||||||||||
| Donations and |
sundry income |
880 | 880 | 7,431 | ||||||||
| Income fram events | 0 | 0 | 2,089 | |||||||||
| Grant —Ferndown Town Council |
118,448 | 118,448 | 113,450 | |||||||||
| Grants —ather | 21,500 | 21,500 | 21,500 | |||||||||
| Voluntary | income | 140,827 | 140,827 | 144370 | ||||||||
| Dividends from |
investments | 4,029 | 4,029 | 3,672 | ||||||||
| Bank interest | 156 | 156 | 645 | |||||||||
| Investment | income | 4,185 | 4,185 | 4,317 | ||||||||
| Sports fees | 18,836 | 18,836 | 29,968 | |||||||||
| Letting income | 38,947 | 38,947 | 30,812 | |||||||||
| Electricity feed | in tariff | 4,120 | 4,120 | 2,208 | ||||||||
| Charitable | Activities | 61,904 | 61,904 | 62,989 | ||||||||
| TOTAL INCOMING RESOURCES |
202,731 | 4,185 | 206,916 | I 211,776 | ||||||||
| RESOURCES | EXPENDED | |||||||||||
| Grounds and housekeeping staff |
2 | 100,38S | 100,388 | 94,794 | ||||||||
| Admin recharge | fee | 21,500 | 21,500 | 21,500 | ||||||||
| Utilities (water | and electricity) | 12,341 | 12,341 | 16,626 | ||||||||
| Field maintenance | 21,171 | 21,171 | 25,683 | |||||||||
| Pavilion maintenance | 4,842 | 4,842 | 5,811 | |||||||||
| Tennis court maintenance | 1,192 | 1,192 | 817 | |||||||||
| Administration | 6,352 | 6,352 | 6,813 | |||||||||
| Insurance | 11,604 | 11,604 | 10,148 | |||||||||
| Charitable | activities | 179,390 | 179,390 | 1S2,192 | ||||||||
| Accountancy and payroll services |
1,000 | 1,000 | 1,000 | |||||||||
| Loss on disposal | offixed assets | 0 | 4,829 | |||||||||
| Depreciation | 27,094 | 27,094 | 32,352 | |||||||||
| Legal and professional | fees | 3,675 | 3,675 | 4,415 | ||||||||
| Governance | costs | 31,769 | 0 | 0 | 31,769 | 42,596 | ||||||
| TOTAL RESOURCES EXPENDED | 211,160 | 0, 211,160; 224,788 '- |
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| ——0 | 0.00 | |||||||||||
| NET INCOMINGrr | (OUTGOING) RESOURCES | -8,429 | 0 | 4,185 | -4,243 | -13,012 |
| AS AT31 IVIARCH 20 | 21 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 2021 | 2020 | |||||
| 6 | f | 6 | 6 | ||||
| FIXED ASSETS | |||||||
| Tangible assets | 2,624,190 | 1,581,759 | |||||
| Long term deposits (endowment |
fund) | 104,910 | 131,055 | ||||
| Investments (endowment |
fund) | 153,893 | 143,660 | ||||
| 2,882,993 | 1856,473 | ||||||
| CURRENT A55ETS | |||||||
| Trade Debtors | 22,013 | 28,127 | |||||
| Cash at bank and in hand | 126,254 | 98,710 | |||||
| 148,267 | 126,837 | ||||||
| CURRENT LIABILITIES | |||||||
| Trade Creditors | 3,218 | 3,370 | |||||
| Accruals and other creditors | 500 | 1,000 | |||||
| 3,718 | 4,370 | ||||||
| NET CURRENT | AS5ETS | 144,549 | 122,467 | ||||
| NET ASSETS | 3,027,542 | 1,978,940 | |||||
| FUNDS | |||||||
| Endowment funds |
268,447 | 274,042 | |||||
| Restricted income funds | 4,641 | 4,641 | |||||
| Fixed asset revaluation | 1,069,525 | 0 | |||||
| Unrestricted income funds |
1,684,929 | 1,700,257 | |||||
| TOTAL FUNDS | 3,027,542 | 1,978,940 |
| 4.FIXED ASSETS | Freehold Property |
Community Assets |
Tools | Vehicles | Total | 2020 | ||
|---|---|---|---|---|---|---|---|---|
| E | 6 | 6 | E | E | E | |||
| COST Brought forward at D1.04.20 Revaluation In year Additions Disposals Carried forward as at 31.03.21 |
1,412,340 1,069,525 2,481,865 |
364,018 0 364,018 |
19,883 0 0 19,883 |
37,532 0 0 37,532 |
1,833,773 1,069,525 0 0 2,903,298 |
1,900,480 0 -66,707 1,833,773 |
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| DEPRECIATION 8raught forward at 01.0420 Charge forthe year Disposals Carried forward as at 31.03.21 |
D 0 |
216,121 22,185 0 238,306 |
9,076 2,231 0 11,307 |
26,817 2,678 0 29,495 |
252,014 27,094 0 279,108 |
281,540 32,352 -61,878 252,014 |
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| NET BOOK VALUE Brought farward at01.04.20 |
1,412,340 | 147,897 | 10,807 | 10,715 | 1,581,759 | 1,618,940 | ||
| Carried farward as at31.03.21 |
2,481,865 | 125,712 | 8,576 | 8,037 | 2,624,190 | 1,581,759 | ||
| Unrealised | ||||||||
| Unrealised | gain/ (loss) Ssarketvalue |
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| S.INVESTMENT5 Part of the endowment fund is invested |
as fagows | Historic cast E |
gain b/fwd E |
far year f |
31.03.21 6 |
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| CAF Equity Fund CAF Fixed Interest Fund |
19,D37 71,276 |
3,047 -3,033 |
7,136 3,097 |
29,220 71,340 |
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| TOTAL | 90,313 | 14 | 10,234 | 100,560 | ||||
| The balance ofthe endowment fund is |
held | in cash savings accounts with matun ty | between 1day and 1year | |||||
| 01.04.20 | c/fwd | |||||||
| 6.RESERVES | b/fwd | Income | Expenditure | Transi'ers | 31.0321 | |||
| E | E | E | F. | E | ||||
| Endowment Funds (net ofSolar panels) Endowment fund -gain (unrealised) Restricted Income Fund: Harmont Woods Restricted Income Fund: Bandstand |
258,200 15,842 4,146 495 |
0 10,234 |
0 | -15,829 | 258,200 10,247 4„146 495 |
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| Revaluation of land and buildings March 2021 General fund —KGVbuilding General fund (surplus on activities) |
0 1570829 129,427 1,978,940 |
202,731 211,160 212,965 211,160 |
1,069,525 -6,899 1,046,797 |
1,069,525 1,570,829 114,100 3,027,542 |