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REGISTERED CHARITY NUMBER: 509159
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Report of the Trustees and
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Unaudited Financial Statements
for the Year Ended 31 December 2021
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for
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OLD LEAKE COMMUNITY CENTRE & PLAYING
FIELD COMMITTEE
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Haines Watts
Chartered Accountants
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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
```
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **`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`**
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The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
```
## **`Reference and administrative details`**
## **`Registered Charity number`**
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509159
```
## **`Principal address`**
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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
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## **`OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE`**
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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:
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..................................................................................
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G Potter - Trustee
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Page 2
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## **`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`**
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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`**
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As thecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewiththerequirementsof the
Charities Act 2011 ('the Act').
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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
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```
Page 4
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## **`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:
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```
.............................................
G Potter - Trustee
```
```
The notes form part of these financial statements
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```
Page 5
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## **`OLD LEAKE COMMUNITY CENTRE & PLAYING FIELD COMMITTEE`**
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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`**
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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.
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## **`Expenditure`**
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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`**
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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Freehold property- 2% on cost
Plant and machinery- 10% on cost
```
## **`Taxation`**
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The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
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Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise when
specified by the donor or when funds are raised for particular restricted purposes.
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Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
## **`2. Trustees' remuneration and benefits`**
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Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2021norfortheyear ended
31 December 2020.
```
## **`Trustees' expenses`**
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There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
```
```
Page 6
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## **`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
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## **`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
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## **`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`**
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There were no related party transactions for the year ended 31 December 2021.
```
```
Page 9
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## **`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
```
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Page 10
```