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|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||||
|---|---|---|---|---|---|---|
|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|||||||
|TRUSTEE|||||||
|Ferndown
Town Council (SoleTrustee)|||||||
|represented
by its members atthe dare afthe meeting|||||||
|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|||||||
|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|||||||
|A/l documents
available from the administrator
upon request.|||||||
|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.|||||||
|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.|||||||
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|||||||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
'-|||
||||||||||||——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|
|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|
|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|||
|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||
|CAF Equity Fund
CAF Fixed Interest Fund||||19,D37
71,276|3,047
-3,033|7,136
3,097|29,220
71,340||
|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|
|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|