REGISTERED CHARITY NUMBER: 509159
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2021
for
OLD LEAKE COMMUNITY CENTRE & PLAYING
FIELD COMMITTEE
Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG
OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Contents of the Financial Statements
for the year ended 31 December 2021
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Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 9
Detailed Statement of Financial Activities 10
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OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Report of the Trustees for the year ended 31 December 2021
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2021.Thetrustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharities preparing
theiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Reference and administrative details
Registered Charity number
509159
Principal address
C/o Mrs C Wray
Cornflowers
Fellands Gate, Old Leake
Boston
Lincolnshire
PE22 9QZ
Trustees
Trustees |
|
Custodian Trustee |
The Parish Council of Old Leake |
|
Officers |
Chairman |
C Wray |
Vice Chairman |
M Jaques |
Treasurer |
C Wray |
Secretary |
L Dolby |
Caretaker |
D & D Coker |
Trustees |
G Potter |
|
J & F Skelton |
|
Advisors |
Bankers |
Lloyds Bank Plc |
|
Market Place |
|
Boston |
|
Lincs |
Page 1
OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Report of the Trustees
for the year ended 31 December 2021
Reference and administrative details
Independent Examiner
Simon Thorold
Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..................................................................................
G Potter - Trustee
Page 2
Independent Examiner's Report to the Trustees of Old Leake Community Centre & Playing Field committee
Independent examiner's report to the trustees of Old Leake Community Centre & Playing Field committee
I reportto the charitytrusteeson my examinationof the accountsof Old LeakeCommunityCentre & PlayingField committee(the Trust)
for the year ended 31 December 2021.
Responsibilities and basis of report
As thecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewiththerequirementsof the
Charities Act 2011 ('the Act').
I report in respect of my examinationof the Trust'saccountscarriedout under section145 of the Act and in carryingout my examination
I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwiththe examination
giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concernsand have come across no other matters in connectionwith the examinationto which attentionshould be drawn in this
report in order to enable a proper understanding of the accounts to be reached.
Simon Thorold
Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG
Date: .............................................
Page 3
OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Statement of Financial Activities for the year ended 31 December 2021
|
|
2021 |
2020 |
|
|
Unrestricted |
|
|
|
fund |
Total funds |
|
Notes |
£ |
£ |
Income and endowments from |
|
|
|
Donations and legacies |
|
32,649 |
22,061 |
Expenditure on |
|
|
|
Charitable activities |
|
|
|
Charitable |
|
25,170 |
25,523 |
NET INCOME/(EXPENDITURE) |
|
7,479 |
(3,462) |
Reconciliation of funds |
|
|
|
Total funds brought forward |
|
69,525 |
72,987 |
Total funds carried forward |
|
77,004 |
69,525 |
The notes form part of these financial statements
Page 4
OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Balance Sheet 31 December 2021
|
|
|
2021 |
2020 |
|
|
|
Unrestricted |
|
|
|
|
fund |
Total funds |
|
Notes |
|
£ |
£ |
Fixed assets |
|
|
|
|
Tangible assets |
|
4 |
39,405 |
46,055 |
Current assets |
|
|
|
|
Debtors |
|
5 |
2,763 |
1,539 |
Cash at bank and in hand |
|
|
34,836 |
22,182 |
|
|
|
37,599 |
23,721 |
Creditors |
|
|
|
|
Amounts falling due within one year |
|
6 |
- |
(251) |
Net current assets |
|
|
37,599 |
23,470 |
Total assets less current liabilities |
|
|
77,004 |
69,525 |
NET ASSETS |
|
|
77,004 |
69,525 |
Funds |
|
7 |
|
|
Unrestricted funds |
|
|
77,004 |
69,525 |
Total funds |
|
|
77,004 |
69,525 |
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon.............................................and were
signed on its behalf by:
.............................................
G Potter - Trustee
The notes form part of these financial statements
Page 5
OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Notes to the Financial Statements
for the year ended 31 December 2021
1. Accounting policies
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenpreparedinaccordance with
the CharitiesSORP (FRS 102) 'Accountingand Reportingby Charities:Statement of RecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUK and
RepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention.
Income
All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds,it is probable that
the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,it is probablethata transferofeconomicbenefitswillbe requiredin settlementandtheamountofthe obligation
canbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhave 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.
Freehold property- 2% on cost
Plant and machinery- 10% on cost
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.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise 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. Trustees' remuneration and benefits
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2021norfortheyear ended
31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Page 6
OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Notes to the Financial Statements - continued for the year ended 31 December 2021
3. Comparatives for the statement of financial activities
Comparatives for the statement of financial activities |
|
|
|
|
|
|
Unrestricted |
|
|
|
fund |
|
|
|
£ |
Income and endowments from |
|
|
|
Donations and legacies |
|
|
22,061 |
Expenditure on |
|
|
|
Charitable activities |
|
|
|
Charitable |
|
|
25,523 |
NET INCOME/(EXPENDITURE) |
|
|
(3,462) |
Reconciliation of funds |
|
|
|
Total funds brought forward |
|
|
72,987 |
Total funds carried forward |
|
|
69,525 |
Tangible fixed assets |
|
|
|
|
Freehold |
Plant and |
|
|
property |
machinery |
Totals |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 January 2021 and 31 December 2021 |
88,995 |
48,898 |
137,893 |
Depreciation |
|
|
|
At 1 January 2021 |
50,029 |
41,809 |
91,838 |
Charge for year |
1,760 |
4,890 |
6,650 |
At 31 December 2021 |
51,789 |
46,699 |
98,488 |
Net book value |
|
|
|
At 31 December 2021 |
37,206 |
2,199 |
39,405 |
At 31 December 2020 |
38,966 |
7,089 |
46,055 |
4. Tangible fixed assets
Page 7
OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Notes to the Financial Statements - continued for the year ended 31 December 2021
5. |
Debtors: amounts falling due within one year |
|
|
|
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
|
Trade debtors |
|
2,763 |
1,539 |
6. |
Creditors: amounts falling due within one year |
|
|
|
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
|
Trade creditors |
|
- |
251 |
7. |
Movement in funds |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1/1/21 |
in funds |
31/12/21 |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
69,525 |
7,479 |
77,004 |
|
TOTAL FUNDS |
69,525 |
7,479 |
77,004 |
|
Net movement in funds, included in the above are as follows: |
|
|
|
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
32,649 |
(25,170) |
7,479 |
|
TOTAL FUNDS |
32,649 |
(25,170) |
7,479 |
|
Comparatives for movement in funds |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1/1/20 |
in funds |
31/12/20 |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
72,987 |
(3,462) |
69,525 |
|
TOTAL FUNDS |
72,987 |
(3,462) |
69,525 |
Page 8
OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Notes to the Financial Statements - continued for the year ended 31 December 2021
7. Movement in funds - continued
Comparative net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
22,061 |
(25,523) |
(3,462) |
TOTAL FUNDS |
22,061 |
(25,523) |
(3,462) |
A current year 12 months and prior year 12 months combined position is as follows: |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1/1/20 |
in funds |
31/12/21 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
72,987 |
4,017 |
77,004 |
TOTAL FUNDS |
72,987 |
4,017 |
77,004 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
54,710 |
(50,693) |
4,017 |
TOTAL FUNDS |
54,710 |
(50,693) |
4,017 |
8. Related party disclosures
There were no related party transactions for the year ended 31 December 2021.
Page 9
OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE
Detailed Statement of Financial Activities for the year ended 31 December 2021
Income and endowments
Donations and legacies
Government grants
Hire charges
Total incoming resources
Expenditure
Charitable activities
Rates and water
Insurance
Light and heat
Telephone
Event expenses
Caretakers
Cleaning materials
Sundry expenses
Professional fees
Independent examination fee
Repairs and maintenance
Depreciation of tangible fixed assets
Total resources expended
Net income/(expenditure) |
2021
£
18,615
14,034
32,649
32,649
517
1,585
3,202
40
369
5,318
1,037
124
330
474
5,524
6,650
25,170
25,170
7,479 |
2020
£
11,428
10,633
22,061
22,061
926
1,570
2,104
89
512
5,156
788
601
348
462
6,317
6,650
25,523
25,523
(3,462) |
|
|
|
This page does not form part of the statutory financial statements
Page 10