Charity registration number: 328407
The Astley Charitable Trust Receipts and Payments Accounts For the year ended 5 April 2021
The Astley Charitable Trust Financial Statements For the year ending 5 April 2021
| Contents | |
|---|---|
| Page | |
| Trust Information | 1 |
| Trustees' Report | 2 |
| Independent Examiner's Report to the Trustees | 4 |
| Receipts and Payments Account | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes to the accounts | 7 |
The Astley Charitable Trust Trust Information
Status
The Astley Charitable Trust is registered with the Charity Commissioners (No. 328407) and constituted by a Deed of Trust dated 1 November 1989.
Trustees
The Charity is administered by the Trustees, who are at the time of signing this report:
Mr EM Astley-Arlington Mrs CM Tufnell Mrs AM Astley-Arlington Mrs JE Gladwell Mrs EM Rathbone
Contact address
Middlethorpe Grange Ollerton Road Caunton Newark NG23 6BB
Page 1
The Astley Charitable Trust Trustees' Report For the year ending 5 April 2021
The trustees submit their annual report and financial statements for the year ended 5 April 2021. The trustees have adopted The Charities (Accounts and Reports) Regulations 2008 in preparing their annual report. The financial statements have been prepared in accordance with the accounting policies set out on page 7, and comply with the charity's governing documentation, The Charities Act 2011 and the Charity Commission's guidance notes.
Constitution
The charity is an unincorporated charity and is governed by its Trust Deed dated 1 November 1989.
Structure, governance and management
The charity is run by the Trustees. The Trustees have the authority to exercise their powers to further the objects of the charity.
Objectives and activities
The charity's objective is to help disadvantaged people mainly but not exclusively through the provision of education and health. This can be funded directly or via supporting other charities. The charity focuses but not exclusively on work in the UK and Africa. The charity favours working, but not exclusively, with those of a Christian vision.
The trustees continue as a major focus to support the work of Keframa High School in Uganda.
The Trustees consider that they have complied with their duties under section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission.
Achievements and performance
During the year the charity has donated £45,871 in furtherance of its charitable objectives.
Financial review
The financial statements for the year to 5 April 2021 have been prepared on a Receipts and Payments basis.
All the charity's funds are unrestricted.
Net movement of cash funds for the year was a £78,859 deficit. This figure includes £10,250 of loan repayments into the charity and £66,176 loan repayments made out of the charity.
The Trustees received no remuneration as a result of their office during the year.
Page 2
The Astley Charitable Trust Trustees' Report (continued) For the year ending 5 April 2021
Reserves policy
The trustees hold reserves to produce income and for long term capital growth to further the objects of the charitable trust. A property asset is held in the manner in which it was gifted. The trustees ensure all assets are held to meet the objectives of the charitable trust. Cash reserves are kept at a level considered necessary to meet short-term spending commitments.
Signed for and on behalf of the Trustees of The Astley Charitable Trust
Mr EM Astley-Arlington Date (Trustee)
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF The Astley Charitable Trust
I report on the accounts of the charity for the year ended 5 April 2021, which are set out on pages 5 to 7.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act;
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to follow the procedures laid down in the General Directions given by the Charity
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Commission (under section145(5)(b) of the Charities Act); and
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to state whether particular matters have come to my attention.
Basis of the independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair' view and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act;
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and
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to prepare accounts which accord with the accounting records and to comply with
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the accounting requirements of the Charities Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Independent Examiner Date S R Bennett The Hutchinson Partnership The Bull Pen Portway, Burghill Hereford HR4 8NF
Page 4
The Astley Charitable Trust Receipts and Payments Account For the year ended 5 April 2021
| Note Receipts Investment income Rental - property Dividends received Interest on investments/loans Bank interest Asset and investments sales Loan repayments received Investment disposal proceeds Total receipts Payments Grants paid 2 Property repairs Insurance Bank charges Asset and investments purchases Land development costs Loans repaid Total payments Net of receipts/(payments) Transfers between funds Cash funds brought forward Cash funds this year end |
Total Funds (Unrestricted) 2021 £ 8,026 18,750 1,823 159 28,758 10,250 - 10,250 39,008 45,871 760 - - 46,631 5,060 66,176 71,236 117,867 (78,859) - 209,072 130,213 |
Total Funds (Unrestricted) 2020 £ 7,962 22,367 2,410 459 |
|---|---|---|
| 33,198 16,250 55,433 |
||
| 71,683 | ||
| 104,881 | ||
| 13,350 - 370 32 |
||
| 13,752 9,955 - |
||
| 9,955 | ||
| 23,707 | ||
| 81,174 - |
||
| 127,898 | ||
| 209,072 |
Page 5
The Astley Charitable Trust Statement of Assets and Liabilities As at 5 April 2021
| Cash funds Santander Current account Santander Reserve account CCLA Deposit Fund Other monetary assets Arlington Farming Limited - debtor Prepaid development costs Investment assets 72,500 M&G Energy £1 Preference shares 100 M&G Energy £0.10 Ordinary shares 50 Debdale Hill Ltd £1 Ordinary shares 3 Apple Tree Close, Southwell Land at Bottesford Debdale Hill Ltd loan Ralph Babthorpe's Charity loan Arlington Trust loan Liabilities Arlington Farming Limited |
2021 2020 £ £ 2,162 6,453 81,997 156,569 46,054 46,050 130,213 209,072 5,133 - 16,149 11,089 21,282 11,089 72,500 72,500 10 10 50 50 221,114 221,114 590 590 18,700 24,950 25,000 29,000 29,500 29,500 367,464 377,714 - 61,043 |
|---|---|
Land at Bottesford relates to land gifted to the charity. Costs since this date relate to fees incurred on the potential development of the land.
Signed for and on behalf of the
Trustees of The Astley Charitable Trust
Mr EM Astley-Arlington Date (Trustee)
Page 6
The Astley Charitable Trust Notes to the accounts For the year ending 5 April 2021
1 Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
Basis of accounting
The financial statements are prepared under the historical cost convention, and using the Receipts and Payments basis.
Investments
Investments are categorised as such if they provide an investment return. This is the case even if there is an additional charitable reason for a loan being provided.
Investments are valued at cost as the nature of the assets means that it is not cost effective to establish their market value.
Fund accounting
Unrestricted Funds
The General Fund represents unrestricted income that is expendable at the discretion of the Trustees in the furtherance of the objects of the charity.
| 2 Grants paid Keframa School Build Christians Against Poverty Lalibela Trust Rebuild Transforming Notts Together Hope Nottingham Send a Cow Nurse in Madagascar Framework Farm Africa The Titus Trust Practical Action Student course fees support Other grants |
2021 2020 £ £ 32,371 - 1,200 1,200 500 - 2,500 - 3,000 2,500 3,000 2,500 1,500 2,000 1,800 1,650 - 500 - 1,000 - 500 - 500 - 500 - 500 45,871 13,350 |
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