REGISTERED CHARITY NUMBER.. 702924 Flnandal Stat•mtnts for th• Year Eoded 31 Mwch 2021 Vlllage Tr1&4t Lancashife PR3 1NS
Bowland Willage Trust Report of ihe Trust8•s for the Year Ended 31 March 2021 The trustees present I1r rert ith the naal statErnents of the canty for Ihe year 31 Mh 2021. The trustees have adopl8J the twowsions of Ac(xJnting and ReporbrKJ by Chartbes." statnent of Reo)mrnend Pracfj'¢ appIrat) to charities weparing Iheir )Unts in cordarts the F•)arKxal Rapkirb StaThJard 4ylit4ble in the UK and Repu1¢ of Irdand IFRS 11r21 leffecbve 1 20191. OBJECTfvES AND ACTf4qTIES Obieeives and aln The objecbve8 ofthe charity seiout in the T¢ Dwl are: To advance the 8ducak)n and $kLs. to prOTh the cl p th) have arning dk8th1iti&% (mental hafidicapsl in Garstang and surroundirrj area. by Ihe prowisM of a surtable ronml and a facillty for skilL8 and educational ekYpm&rt vMth supeMsKJn and 5LtprA)rt. To able Ihem to devebp mtty. thysKalty and spuittJty. to ltse fvll potentia a% indmduals so that they may be seen and pted as valu8d membws Iwthin by SOLyety Ihat th&r of life may be improved. The Trust fuffils thase objective5 by hefpirKJ to provide ansWWS to Ihe nets of disabl people. T(xlay this is mainly through the provi4on of Suitab The obJ"&Xlv of proMdiThJ a knlity for skills arKJ edu(aional developrrent Vds wli5ed soon after ts forrnation of the Tru in 1) t)ut with the bider evebprnent of caiè in th6 eKJmmunity anij resKM)nsibiIes Lgid un Care prowir5, together tL"0n31 kYow&on provKkd by bcal thorities. furmling for the centre LTh)btainth. te ts trustees b&st efforts the (xntre berane unsustainable and was ckJ8ed. In &Yth"on, the supp)rts pg)pfe k8mirg dtillre5 fiIng gxia an¢J holklays and by people witti furnishing and Tating their homes by 5pecialtst equiwneTrt. My disabled Petsp do t havg the funds or family to kWDvide sukwrt atM)ve Ihai provide(S by th&f benefits. The hdp that tt)e TFU8t can [0de Is theonty way that thr KK1ats)n Ggn be Wt up to a sdar that TrLtst member5 feel 15 aeptats. The Trust has no empbye8S i5 resp)rible ts Ihe (¥re b8nrfKi&ies ved. Htr•Mier. 811 trustoes have lh8 wdJb8ing of at heat eru thai ¢2r8 we ware of probkns thèy tef0 awa Public benefft The Trust has rgferred to the Charity ComMissnS gUIdar on benefft has with the duty in s.4 of the Charities Act 2006 $0 tr) (b. The Tru51s e open to wvest for hdp for pWe wlth loaming ¢Jisabilrtes and at IAgrth 2021. besi(les Ihtr hdp provkyed fiftw •) ¢Jur proFtEs 8re in touch ¥th Other fOty-nI dIsaed peop. FINANCIAL REVIEW Flnancial po$i¢ton Jnw the year lo 31 Marth 2021 the sale ofth8 apath in catte VRS 9)mpt. Due to COVIt%19 restriCtiS. the Trustees unae to pursi the aCqurtn of any further propwts"es. The Trustees furthw dJe. for COVID safety reasons, not to meet to kn. C0mrnunl(ati vrds reStrictj to tel81One, email and ZrKJm and bUs1r trar6adKJns were to a minimum. There has begn no change of Truste& ring lh p. R8¥lew of FInclaI Income for thé year totalled £215.678 whith induded tr Sa ofkn apartments in Cattèrall. Total expenditu w&8 £67.517 the brg8St of this w rdatoy to ts wtsl paym8nts on our ted prowl. and propety Manasem fges. Mortga9e intstest paKJ this yearwas £10.142 The surplus on unEstriced fur&ds for the year w £49.. At the yw-end ash at bk was £275.935 and tyjr total net assets re £742,319. Reser¥es policy It is the of th9 carity to rnkyintain unreslrided funds ai a fevd 4uates to ap[ornateIY 12 rnonlhs unrestrided exwditure. This provKl8s suffvent fvnds to rxjver rn•wJenl adrn1n1stratn and support (thts. tt is the trustées. Inta)t Ihat unr*strithd funds are malntsj 8t kast at this W thr¢wlKxn Ihe ye¥.
Independent Examinerf5 Report to the Trustees of Bowland Village Trust Indepèndent exarnlnerfs rgport to the tru5t8es of Bland Willage Trust I report to the d)arity tnistee5 on my exarrn3Dn of the aXfAJnts ol Bowkn(5 Vill&Je Trust (the Trust} for Ihe year ended 31 March 2021. R•¥ponslbilities and bas1$ of Tewt As the charity ¢nJste& of the Trust you for the kryaration of the 8txx)unts fjn rdance with the reqUireMts d the ch$ Aci 2011 (the Adl. I wort in pect th rny exninats)n of the Tru5fs a¢LYyJnts (arried out under secJn 145 of the A& and in canyng fMJt my 8xamination I have al ble tlrfions by the Charity Crynmi&sth under 5e£on 14515Xbl of the Independent examlnerfs slat•nn¢ I have Cornpte¢ rny examin8t)n. I crjnfimi that Th) material mattws hale [re to my attenti in wnn8CtkJn Vth the eXaMinatn gwing me cause to bdieve Ihat in ary material res[. a(rDunting records wwe kept in re5ped ofthe TNSI as requir&J ty sect#)n I1 of the A(X.' or account5 (k) not axx)rd wth thce record8," lx the aw)unts do not mpty ¥tti the 4)p11&Ab uireM8nls the ltsrm and (x)ntent of actount5 set out in the Charrbe5 IAccounts Reports) RulationS 2(K)8 than any wuir8rnent that a¢LX)unts give a tru8 arKJ lalr wew vthld) Is Tr)1 a rnatt sed a5 Pt oran eX8rnatM. I have no (x>ncwns and have u)rne across no other m8tter5 in tt)nn)n with th8 exarnlnatb to attention sthjuld dwn in this report in order to a prDFer ofthe ac£sJJnts to be rexh. Michad GLYn811 Towers + Gwnall Lt Ch8rtered Certffi Acwjntants Abacus House The Ropewalk Garstar Preston Lanrashir• PR31NS 31 January 2tr22 PaJe 3
Bowland Village Trust Balan¢• Sheet 31 March 2021 Unrestncted fund Total fvnds Ès FIXED ASSErs Tangibl8 assets .207 995,241 CURREKf ASSETS Cash at bank 275.935 124,572 CREDITORS Amounts fallin9 due vthin Or yg {113.517} 186.¥L5) NEf CURRENT ASSErs 1ff2.418 37,647 TOTAL ASSETS LESS CURREKf LIABILMES 1,058.625 1,032.888 CREDITORS Amunts falliry after nKJre year (316,kn1 {340,1671 NET ASSErs 742.319 2,721 FUNDS Unrestricted fvT)ds 10 742,319 692,721 TOTAL FUNDS 742,319 692.721 Th8 financial ststar*nts were 4)proveJJ by Ihe Boarrj d Trusiees authywl for IS on 31 January 2022 and wwe on rts by.. MrA Poar50n- Truste
Bowland VAllage Trust Notes to the Financial Ststem6nts - ¢ontinued for the Ygar Ended 31 Mar¢h 2021 RAISING FUNDS Ratsing d(¢$ 2nd legaei08 2020 Expendituw for benefvarie$ Rent for berlefe$ Support costs 11,783 25,030 1.783 2,728 30,316 38,5 2021 220 P(¥trOl mana3ement 27.040 Aggwate amounts 57.356 66,109 TRUSTEES. REMUNERATION AND BENEFirs There were truste8S' or (Aher tenth for the Y Yed 31 Mar( 2ff21 rwjr fc year en¢l8d 31 Marth 2020. Tre werè IpJ5tees' ex5 paid for the year en 31 Marth 221 mr the year 31 March 2020. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfMnES Unr&strictsd fun INCOME AND ENDOWMENTS FROM Ck)nthns and183ac4eS Investm& incr)me 705.781 T¢)tal 105,841 EXPENDITURE ON Raising funds 66,109 Other 12.361 Total 78,470 NET INCOME 27,371 RECONClUATI OF FUNDS Total lunds broughtlor*ard 665,350 TOTAL FUNDS CARFUED FORWARD 692.721 Paje 7 rmtinuvj...
Bowland Village Trust Notes lo the Financial Statements - continued for the Yoar Ended 31 March 2021 10. MOVEMeKr IN FUNDS- etintinu8d Nel movement in fiJThYs. i1tkn in tho ab( We a& fokkn" Mov8mant In funds Unrethcted funds General fund 117.115 167.5171 49,598 TOTAL FUNDS 117,115 167.5171 49.598 ComparatibTs for nhmmént in lunds Nei mvement in fvnds At 31.3.20 At1.4.19 Unr•strJci•d fu Ger1 furKJ 27.371 2.721 TOTAL FUNDS 27.371 692,721 ComparatNo net rrvWnent in funts. ind11 in the at#M are as fdkwffj: Inc4)ming Resou expende Movement in funts UnrestrIct fvnds General fun(t 105,841 {78,4701 27,371 TOTAL FUNDS 105,841 178,4701 27,371 A ¢xJrrent year 12 rTr)nlhs and pmryear 12 Mth$ txKrth"wJ kx)%tK)n ts asfcAkpo'. Net )vant in fjmds At 31.321 At1.4.19 Unr•stdct•d General lund 76. 742,319 TOTAL FUNDS 76. 742.319 PaJe 9 continu...
Bowland Village Trust Detailed Statement of Financlal ActiVFtses for the Yoar Endod 31 March 2021 2020 INCOME AND ENDOWMENTS Donation$ arKI1ogacles DonatTr5 Inv•stsnont incorne Rents raved Deposit aco)unt irtarest 116.611 105,781 116,615 105,781 Totsl Ineomlng resourc•8 117.115 105.841 EXPENDThURE Ralsln9 donati¢>ns and legacl•s Expenditurts for tEneficiaries Rent frjr b8ndoaries 995 26,593 11.783 25,030 27,588 36,813 InStment managebThnt co Portfolio rnanagernt 27,040 26, Other Mortgag6 Bank tharg8S 10.142 19 10.438 1.923 10.161 12,361 Support costs Flnance DepreL?atk)n oftaryiue fix1 assets 470 553 Insuran A(tountsw aThJ Ial fees 1,1eL) 1,225 558 2.258 1,783 Total resourc8 expended 67,517 78.470 Not Incomo 49,598 27,371 Thts nc4 fc¥m part ofthe staiutory finar•ial Sta11$ PJe11