REGISTERED COMPANY NUMBER.. 02496684 (England #nd W3le5) REGISTEREDCHARITY NUMBER: 702804 and ment5 for the Year Ended 31 Jan 2021 The Griffin Trust Johnsione Howell & Co 104 Whitby Road Ellesmere Port Cheshire CH65 OAB lllll *iAFYS91T' 2711012021 COMPANIES HOUSE A24
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The Griffin Trust nlents f the Finalar Sratements l Janua Pag¢ Report of the TruHe¢s Independent Examinerfs Repwt Sraiemeni of Financial Activities Balance Sheet Notes to the Financial Siatements
The G iffln Tru r: 024 31 Janua The trustees who are also directors of the charity for ihe purposes of the Companies Act 2006, pres¢nt therr report with the financial staternenis of the charity for the year ended 31 January 2021. The mjstees have adopted the provisions of Accounting and Reporting by Charities.. Staiemeni of Recommended Pracii¢e applicable to charities preparing their accounts in ac£ordallce with th¢ Financial Reporting Sthndard applithle in the UK and Republic of Ireland (FRS 102) {¢ffe¢iive l January 2019). OBJECTIVES AP4D ACTIVITIES Objtctives and aim5 The charlS principal objects and aciivities continue to be operated at Hooton Park for the following purposes.. (a) Static exhibiiion of historic vehicles and hisioric aircraft. (b) To provtde restoration, repair and maintenance facilities for historic vehicles and hisioric aircraft and (c) To undertake a variety of indooT and ouidoor activities organrsed by the Trust or by third partie5. Activities include trade exhibitions. specialisi public exhibiiions and displays appropriate to Hijoton Park. Significant activitit5 The statement of financial activilies for rhe year is set out on page 3 of the financial statements. Over the past year the Trust has coniinued to generate funds wherever possible. This has assisced ITh ihe g¢neral everyday njnning of ihe Trust. Griffin Tru51 have use of buildin8& known as ih¢ Moior Transport sheds. which th¢y have renovated. li is hoped thai further renovation will render them a suitable venue for fundraising events. At the moment no premises are available io hold events. The Trusr coniinue5 to mn an archive section to house iTrl%toric records and matrrial donated io the GritTin Trusr. These are used to funh¢r the ini¢rest of the public and for educaiional Purposes. In ihe Ènieresis of security and public access a significant ponion of the paper archive has been lodged with Chester Re¢ord and Archive Office. R¢l4tion5hip with other organisations The TTU5t continues to have a close working relationship with the Hooion Park Trust, which owns Hoolon Park. The Tn1 made no payment5 to the Hooton Park TrusL for events. in 2021 (2020 - Nil). FINANCIAL REVIEW Principal fundirtg sourct5 The principal sources of funding ar¢ income from activities organised by the Trust and third parties and general fundraising events (for example. auttsTrjumbles and aviation fairs). Re5¢rve5 policy The trustees COTtsider thai all the charitys curreni funds fonn a general, unrestricied. fund. The Irusiees nSIder thai all SUTplus incorne Should b¢ held in reserve, until the new licenc¢ IKen finalised, and funher development5 can be considered. STRUCfURE. GOVERNANCE AND MANAGEMENT Governing document Th¢ chariiy is controlled by its goveming documeni. a deed of trusL and constitutes a limiied company. limited by guarantee. as defined by th¢ Companies Att 2006. Rttruitment 8nd #ppointrntrtt ofttew trustees The identification of poieniial new mernbers and iheir recrutm)ent is the respon5ibTliry of all serving directors. Trusrees are recruited from within the volunteer base where possible and all Dew recnjils must be committed to th¢ future development of th¢ Tn and able to make a contribution on a regular basis. Page I
The Griffi Re isiered number- 02496684 frir the Year Ended 31 Janua 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT Directors at)d Irustee5 A full lisc of those serving during the year ts given b¢low. The affairs of the Trusi are managed by the council members, being directors and trustees. Council members retire after 3 year5 Service, bui if eligible, may offer ihemselves for re-election, at a generdl mttting. Clause 39 of the Articks of A$50ciation states that the number of eled¢d wuncil mernb¢rs Shall not be 1¢ss than 5 nor more than 14. REFERENCE AND ADMINISTRATIVE DETAIIS Regi5ter¢d Company number 02496684 (England and Wales) Registered Charity number 702864 Registered orrice The Bunker Airfield Way Hooion Park Ellesmere Port Cheshire CH65 IBQ Trustees R W MaTsh Chaimian N P Moore (resigned 22110r20) G Williams M D Foulke5 C Carron Mrs C Thomas (appointed 301 ldepeNdent Exarniner A M Bagnall FCA Johnstone Howell & Co 104 Whiiby Road Ellesmere Port Cheshire CH65 OAB Accountants Johnstone Howell & Co. 104 Whiiby Road Ellesmere Port Cheshire CH65 OAB Bankers Lloyds TSB 15-19 Marina Drive Ellesrnere Porr Cheshire CH65 OAS Approved by order of th¢ bo#rd of mjsttts on 22 October 2021 and signed on its behalf by.. Page 2
Th rhffin T 684 rtofth Tru tees for the Year Ende 31Janu 2021 - (Vwu OL_ Page 3
Th rilTin T Independ¢nl ¢xamiTrer's report to the trustees of The Criffin Trnst Cthe Company.) I report to the charity trusiees on my examination of rhe acc(nts of the Company for the year ended 31 January 2021. Respon5ibilitie$ and basi5 of report As the £hariiy's irusiee5 of the Company (and a150 its directors for the purposes of companylaw) you are responsible for Ihe preparation of the accounts in accordance with the requirements of rhe Companies Aci 2006 ('Ihe 2006 Aci.). Having satisfied my5¢1f that th¢ accounts of ihe Company are not required io be audited under Pan 16 of ihe 2006 Act and are eligible for independent examination, I report in respect of my examination of your chariry's accounts as carried out under section 145 of the Charities Act 2011 2011 Acf). In carrying out my examination I hav¢ foll(Trwed the Dire¢iions given by the Charity Commission under section 145(5) {b) of the 201 l Act. Independent examiner's statemeTrt I have completed my examinaiton. I confirm that no matters have corne 10 my anenrion in connecrion wirh rhe examination giving me cause to believe= accouniing records were noi kept in respeci of ihe Company as required by seciion 386 of the 2006 Acr: or the accounts do noi accord with ihose records" or the accounis do nor comply wiih ihe accounting requirements of seciion 396 of the 2006 Aci oiher than any requirement that the accounts give a truE and fair vi¢w which is TK)t a matter considered as part of an independeni examination" or Ihe accounts have not been prepared in accordance with the methods and principks of the Statement of Recommended Praciice for accounting and reponing by charilies (applicable io charities preparing their accounts in accordance with ihe Financial Reponing Siandard applicable in the UK and Republic of Ireland {FRS 102)). I have no concerns and have come across no other matters in connection wilh ihe examination to whi¢h attention should be drawn in this report in order to enable a proper undersiandintr of the accounts to be reached. A M Bagnall FCA Johnstone Howell & Co 104 Whiiby Road Ellesrnere Port Cheshire CH65 OAB 22 Ocrober 2021 Page 4
Th riifin Sthtem nt of Financial A iiviii for the Year Ended 31 Janua 2021 Unrestricted fund 2020 nds Notes ' 114COME AND ENDOWME1fs FROM Donations and legacies 7.949 666 Charitable #ctivities Activities furtherance of the chariiys objectives 40.220 1.654 Other trading aciiviii¢s 176 5,411 Total 48.345 7,73 1 EXPENDITURE ON Raising fvnds 1,034 2,416 Charitable aetiwities Aciiviiies in rthence of the chariws objectives 4.398 3,400 Other 13 13 Tolal 5,445 5,829 NET INCOME 42,900 1.902 RECONCILIATION OF FUNDS Tot*1 funds brought forwsrd 20,647 18,745 TOTAL FUNI>S CARRIED FORWARD 63,547 20.647 The rtt$ forni part of these financial statem¢nlS Page 5
isiered number.. 02496684 alance Sheer 31 Janua 2 2021 Unrestricted fund 2020 Total funds Notes FIXED ASSETS Tangible assets 9.200 5,610 CURRENT ASSETS Cash at bank 54,761 15,445 CREDITORS Amounts fallirjg due wiihin one year (414) (408) NET CURRENT ASSETS 54,347 15,037 TOTAL ASSETS LE&$ CURRENT LIABILITIES 63.547 20.647 NET ASSETS 63.547 20.647 FUNDS Unrestricted funds 63,547 20,647 TOTAL FUNDS 63,547 20.647 The charitsble company is entitled io exemption frorn audit under Section 477 of the Companies Aci 2006 for the year ¢nd¢d 31 January 2021. Th¢ members have not required the company to obthin an audii of its financi statements for ihe year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006. The trusrees acknowledge iheir responsibilities for (a) ensuring that the charitable ¢ornpany keeps acc{nI1B records that comply with SKtions 386 and 387 of ihe Companies ACT 2006 and preparing financial statements which give a true and fair view of the slate of affairs of the charitable company as at th¢ end of each financial year and of its surplus or deficii for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise cornply with the requirements of the Companies Acr 2006 relating to financial swements, so far as applicabk io the ¢haritable company. (b) These finan¢ial statements have been prepared in accordance with the provisions applicable to charitable companies subje¢t to the small companies regime. The financial siatemenis were approved by the Board of Tru51ee5 and auihorised for issue on 22 Odober 2021 and were signed on its behalf by". C Carron - Trustee The rte$ fonn pan of these financial siatements Page 6
riffin T Noies to the Financial Statements the Year Ended 31 Janua ACCOUNTING POLICIES Basi$ of preparing the finTrcial 5tstemeAts The fLnan¢ial staiements of the charitable company, which is a public benefii entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accouniing arld Reporting by Charitie5.' Statement 'of Recommended Practice applicable to charities preparing their accounts in accordance with the Finallcial Reporting Siandard applicable in ihe UK and Republic of Ireland (FRS 102) (effective l January 2019)., Ftnancial Reporting Standard 102 'The Financial R¢poning Srandard appliuble in the UK and Republic of Ireland. and the Companies Acr 2006. The financial stsiements have been pr¢pared undeT the hisiorical ¢05t onvention. Income All income is recognised in the Statem¢ni of Financial Aciiviries once the charity has enlitlement to the fvnds, it is probable thai the income will be receiv and the amount un be measured reliably. Expenditure Liabilities are recognised as expenditure gs soon as there is a l¢gal or constructive obligation commilling the charity to that expenditure. it is probabl¢ that a Thansfer of economic bEnefit5 will be required in Settlement and the amount of the obligation can be measured reliably. Expenditure is accounied for on an accruals basis and has been classified under headings ihai aggTegaie all cost related to the caiegory. Where cost5 cannot be diTecily attribuied io particular headings they have be¢n allocw¢d to activities on a ba5L5 con5isieni with the use of resources. Tangible fixed J5sel$ D¢pr¢cialion 1$ provided at the following annual rates in order to wrire off each a55et over its estimated use1 Exhibits Fixtures and tittings Moior vehicles Compuier equipment not provided 25/0 on cost 20•h on cost 25•/0 on co Taxation The charity is exempi from rorporJtion tsx on its charithle activities. Fund accounting Unre5trici¢d funds be used in accordance with th¢ Charithle objectivu * the discreiion of the Mtees. R¢stricted funds can only be used for particular restTiCted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when fvnds ar¢ rdrsed for particular testri¢ted puqSes. Further explanaiion of the naiure and purpose of each fund is included in ihe not¢s to th¢ financial statements. Compihy liat& The Trust is a company limiied by guarnntee. The number of members of the company is unlirniied. In rhe event of the charity b¢ing wound up, the liability in respect of the guardnte¢ 15 limited to £1 per member of the TnJ5t. Page 7 ontinued...
The Griffin Tru stoi na for ihe Year Ended 31 Janua 20 OTHER TRADING ACTIVITIES 2021 2020 Fundraising ¢v¢nts Membership fee5 5.248 163 176 176 5,411 NET INCOMEI(EXPENDITURE) Nei incomel{expendilure) is 5tsted afteT char8ingl(crediting)-' 2021 2020 Depreciation - owned #ssets 410 446 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefjts for the year ended 31 January 2021 nor for the year ended 31 January 2020. Trysttts, expenses Ther¢ were no 31 January 2020. trusl¢es' expenses paid for the year ended 31 January 2021 nor for rhe year ended COMPARATIVES FOR THE STATEMEJ¥T OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 666 Ch8ritabl¢ activities Actlvllies in fijrtherance of ihe charity's objeciives 1,654 her irading activities 5.411 Tot81 7.731 EXPENDITURE ON Raising funds 2,416 Charitable aetivities A¢tivities in fvrtherance of ihe charitys obj¢ctive5 3.400 Other 13 Total 5,829 NET INCOME 1.902 Page 8 continued...
The riffin T Not i the Financial tatem for the Year Ended 31 Janua ntin 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES- eothtinued Unrestricted fund RECONCILIATION OF FUNDS Total funds brought forw*rd 18,745 TOTAL FUNDS CARRIED FORWARD 20,647 TANGIBLE FIXED ASSETS Fixture5 Motor vehicles Computer equipmeni Exhibifs fittings Totals COST At l February 2020 Addirions 4,000 4.000 15,546 2.050 1,089 22,685 4.000 At 31 January 2021 8.000 15,546 2,050 1.089 26,685 DEPRECIATION Ai l February 2020 Charge for year 15.545 445 410 1.085 17,075 410 At 31 January 2021 15,545 855 17.485 NET BOOK VALUE At 31 January 2021 8.000 1,195 9,21)) Ai 31 January 2020 4,000 1.605 5,610 CREDITORS: AMOUNTS FALLING DUE WITHif4 ONE YEAR 2021 2020 Accruals and deferred income 414 408 MOVEMENT IN FUNDS Net movemenl in funds At At 1.2.20 Unr¢5tricted funds General fund 20.647 42.900 63.547 TOTAL FUNDS 20.647 42,900 63,547 Page 9 continued...
The riffin Trust Note to the Financtal tatements- c frir the Year Ended 3 1 Janua ntinucd 2021 MOVEMENT IN FUNDS- continued Net movement in funds, included iri ihe above are as follows.. Incoming resources Resources ¢xpend¢d Movement in fund5 Unres¢rict¢d funds General fund 48.345 (5,445) 42,900 TOTAL FUNDS 48,345 (5,445) 42.900 Compar*tives for movement in frynds Net moYeTnent in funds At 1.2.19 31.1.20 Unreslricted funds General fund 18,745 1.902 20,647 TOTAL FUNDS 18,745 1.902 20,647 Comparative n¢1 movement ID fund& included in the thive are as follows: Incoming resourtes Resources expended Movement in funds Unrtstrieted funds General fund 7,731 (5,829) 1,902 TOTAL FUNDS 7,731 (5,829) 1,902 A cutTent year 12 months and prior year 12 months combined posiiion is as follows.. Net movemenr in funds At Ai 1.2.19 UnreSlrieied funds General fund 18.745 44.802 63.547 TOTAL FUNDS 18,745 44,802 63.547 Page 10 continued...
The Griffin T Fin ftsr the Year Ended 31 Jan ntinued 2021 MOVEMENT IN FU]YDS- ¢ontinued A CUTreni year 12 monihs and prior year 12 months combined net movemenl in funds, included in the above are as follows.. Incoming resources Resources ¢xpended Movement in funds Unrestrieted funds General fijnd 56,076 (11.274) 44.802 TOTAL FUNDS 56.076 (11.274) 44,802 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 January 2021. Pagc 11