Trustees’ Annual Report for the period
From 6th April 2022 To 5th April 2023
Charity name: Waterfall Educational Charity
Charity registration number: 528441
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Management and letting of lands and building |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Letting of the Parochial Hall for local community groups and social events. Letting of land to support the running costs of the Hall. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | In fulfilment of its charitable objectives, The Trustees of Waterfall Educational Charity and The Management Committee administer the running of the Parochial Hall. The Hall provides a focal point for the local community, with a wide range of events, activities and participating organisations. The Charity undertakes a continuing programme of works and activities to improve the facilities for the benefit of the local community. The Trustees pay due regard to the Charity Commission on public benefit |
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Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Following the Covid19 pandemic, the usual programme of lettings and social events has resumed. The financial position of the charity improved in 2020-21 as a result of Covid19 Business Support Grants. The registration and sale of the 4 Acre field at Winkhill was completed in June 2022 and the short term bridging loans provided by Trustees and others to help buy the plot of land next to the Parochial Hall have been repaid The registration of other unregistered land and The Parochial Hall is being processed by the land registry. |
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Additional information (optional)
You may choose to include further statements where relevant about:
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Achievements against Para 1.41
objectives set
Performance of fundraising
activities against objectives Para 1.41
set
Investment performance Para 1.41
against objectives
Other
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Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The net profit of £21429.81 is principally a result of the sale of the 4 acre field at Winkhill. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Reserves are a required as a contingency for maintenance and for planned improvement works at the Hall. |
| Amount of reserves held | Para 1.22 | Reserves stand at £57,534.15 at 5th April 2023 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity The accounts have been audited and are Other certified to be an accurate statement of accounts.
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Structure, Governance and Management
| Description of charity’s |
||
|---|---|---|
| ~~t~~ ~~t~~ Type of governing document (trust deed, royal charter) |
Para 1.25 | Charity Commission Scheme, Sealed 18th September 1982 |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trust, with 6 co-opted trustees, one ex- officio trustee |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more |
Para 1.25 | Co-opted trustees are elected for a period of 5 years. |
| Additional information (optional) You maychoose to include further statements where relevant about: ~~trustees~~ |
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| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
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Reference and Administrative details
| Charity name | Waterfall Educational Charity |
|---|---|
| Other name the charity uses | |
| Registered charity number | 528441 |
| Charity’s principal address | Clerk to The Trustees, Waterfall Educational Charity, Townend, Waterfall, Waterhouses, Staffs, ST10 3HZ |
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Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 |
Trustee Name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Philip Hall | Chair | |||
| John Harvey | ||||
| Steven Hunter | ||||
| Wendy Harvey | Treasurer | |||
| Linda Morley | ||||
| Josephine McCarthy |
Corporate trustees – names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
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Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
| Clerk | Allen Newby | Townend, Waterfall, Waterhouses, Staffs. ST10 3HZ |
|---|---|---|
Name of chief executive or names of senior staff members (Optional)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
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Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Philip Hall Wendy Harvey Position (eg Secretary, Chair, etc)[Chairman] Treasurer
Date 22/12/2023
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TAR 10 April 2023
Waterfall Educational Charity - 528441
| Waterfall Educational Charity - 528441 | Waterfall Educational Charity - 528441 | Waterfall Educational Charity - 528441 | Waterfall Educational Charity - 528441 | Waterfall Educational Charity - 528441 | |||
|---|---|---|---|---|---|---|---|
| Statement of Account 6th April 2022 - 5th April 2023 | |||||||
| Income | Expenditure | ||||||
| Grass Eating | £320.00 | Waterplus -water | £205.69 | ||||
| Ground Rents | £17.45 | Insurance | £1,014.09 | ||||
| Interest | £115.02 | Electricity - EDF | £1,240.00 | ||||
| Lettings | £2,842.50 | North Stafs Fire | £57.15 | ||||
| Events | £3,976.60 | SMDC Liquor licence | £70.00 | ||||
| EDF refund | £150.00 | BHygenic | 96 | ||||
| Sale of Land at Winkhill | £41,000.00 | Misc. expenditure | £274.34 | ||||
| Cheese & Wine | £696.99 | ||||||
| Music Night | £200.00 | ||||||
| Bench & Swim Club | £987.50 | ||||||
| Jubilee Day | £1,100.00 | ||||||
| Coronation Band | £50.00 | ||||||
| Cleaning Services | £400.00 | ||||||
| Solicitors Fees | £600.00 | ||||||
| Loan Repayments | £20,000.00 | ||||||
| Total Income | £48,421.57 | Total Expenditure | £26,991.76 | ||||
| Net Income/(Loss) | £ 21,429.81 |
||||||
| Opening Balance | £36,104.34 | ||||||
| Closing Balance | £57,534.15 |
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