Treasurer’s Report – year ending 31 March 2021 ## Aston and Cote Community Trust ## Independent review of the accounts The income of the trust is such that an independent review of the accounts is required before they are submitted to the Charities’ Commission. The commentary on activities, below, is provided before this review is completed. ## Commentary on activities ## Covid 19 Covid 19 has had a substantial impact on the activities of the Hall and of the Community Trust throughout the year. For most of the year, the hall was closed and therefore fundraising and letting income was substantially impacted. The Hall did receive local Government Grants which enabled it to continue to meet its obligations during this difficult time. ## Letting income The income from letting the hall and playing fields was £1,703 (2020: £10,773). Letting income was significantly impacted by the Covid 19 as the Hall was closed for the majority of the year. ||**YE Mar 17**|**YE Mar 18**|**YE Mar 19**|**YE Mar 20**|**YE Mar 21**| |---|---|---|---|---|---| |**Letting**
**income**|£11,499|£10,655|£9,831|£10,773|£1,703| ## General fundraising Fund raising was significantly impacted during the year because of the Covid 19 pandemic. The only fund raising activity to take place was the 500 club, led by Elizabeth Hook. Despite difficulties in coordinating collections as a result of Covid 19, the 500 club contributed £2,345 ## Donations and Grant Income The Trust was grateful to receive a legacy of £7,467 from the will of J Glanvill and plans to utilise these funds in refreshing the decoration of the main Hall although there was no restriction on how the funds might be used. In addition, the Trust received local government grant funding of £30,198 because of Covid 19. ## General expenditure General expenditure of £12,755 (2020: 14,180) was lower than in 2020 despite an increase in costs of maintaining the play park. The reduction in costs was driven by a reduction in Rates and Utility costs and a reduction in maintenance costs. The main items of maintenance expenditure were repairs to the water heater and lighting and a periodic electrical inspection of the hall. These items totalled £2,351.23. ## Operating surplus/deficit Total income of £42,686 (2020: £37,172) was higher than expenditure by £29,931 (2020: deficit of £31,985 as the children’s play area was installed with fund raising having taken place across multiple years). |years).||| |---|---|---| ||**2020**|**2019**| |**Letting income**|1,703|10,773| |**General fund raising**|2,345|7,273| |**Grants & donations**|38,631|-| |**Other income**|8|53| |**General expenditure**|(12,755)|(14,180)| |**Playground net expenditure**|-|(35,904)| |**Net surplus/(deficit)**|29,931|(31,985)| ## Cash position The cash position has improved during the year due to the grants and legacy received. The closing cash position of £47,347 (2020: £17,416) is comprised general funds of £44,746 (2020: £14,814) and restricted funds designated for the new playground of £2,601 (2020: £2,601). £10,198 (2020: nil) of duplicate Covid 19 grants were received during the year. These are not reflected in the income of the Trust and are shown as being repayable to West Oxfordshire District Council at the end of the year on the balance sheet. ## Sport Aston There was no activity during the year. Sandra Clarke Treasurer Aston and Cote Community Trust December 2021 Ast1￿ & Cote Comrnin*yTvust lthofH .n75 34A7 7A4 GThntlundln8 r*Ther*l Futh 31QCO I￿.1# Ath&Crte Fete F•bw¥y4th 3YJ3 150 727a.21 i&tP)9A2 4Wa7 43 1763.85 335.62 291.21 421 97A) m¥n¢enar*t&sur￿r P**éieElp£trlcal P4yp*kmiimeTharKe 615.75 310J Il755.14 29.931.WS 141KI.33 3.919.C8 1I74J.n 3*.75 19.07152 3.17 54.97Tfj5 135,W($31 NEllrxrAne (Exproelfr*theY&ir 24.931￿) 131,985.441 IWsBahkCuffeht COIFlrhYthertWC 7.940.91 SW.84 4.(¥YJ.92 5M5 24miJ> Il0J9￿) Unbar*Addept6tts 47XX 42W17 41616.17 Ill75%14> Payrnw*51orthY CIF31P)312021 A*X CHARITY COMMISSION FOR ENGLAND AND WALES Independent examlnerfs rnport on the accounts Sectioii A li)dependeiii Ex31nii)er s Rei)ort R•port to th• trust• momb8rn of On accounts for th• y•ar •nd•d 31 March 2(r21 Charlty no Ilf any) Set out on pag I rewt to Ihe tru8lees on my examination of the a￿Unts of the above charity rtr￿ TnAn kn the Y￿ ernled 3110312021. Ro8pon8lblUttM and bash of r•port As the tharitys tru8lees. you we reswible ft>r the preparation of the acco￿￿ in acxordm Mlh the wuwwnerrts oflhe Charities Act 2011 I report in respect of rny examinat￿ of tt* Tnxfs accounts carried oui under 8e¢tion 145 of the 2011 Act and in carrying oui rny e￿mInation. I have followed all the applicable Directicffis glven ty the Charity Commission Iw 8e¢liM 14515Xb) of the A( Independent I have c¢xYt*ted my examination. I confmi that material matters have oxaminerfs Statement come to my attenlion in connection with the examination which gives me caw to bdieve that in. ￿Y material respect: the accounting records not ke0 in accordarKe Imth seCt￿n 130 of the Charthes Act., or the acc(xuts did rK* a(xJyd with the accounting records,. or the accounts did not comply with the aptAicable requirements con￿MIng the fomi and content of accounts set CAJt rn the Charities (Accounts and Reports) Regulalims 2008 Other than any requirement that the accounts give a Irue and fairf vlew which is not a matter on8id8red as part of an ¥￿ependent examination. I have no concerns and have corne across no olher matters in connection with the examination to which attertion should be drawn in this report in order lo eroble a fvyoper understanding dthe accounts lo be reached. th8 hyxds b￿ets Ifthey do not apply. SW•d: ai Relevant prof•8skMI qualIfi￿lOn(S) or body (If any)= cr)-rf* IER Oct 2018