Collingham Community Trust Limited - Charities report - 22.2

REGISTERED COMPANY NUMBER: 04342407 (England and Wales)

REGISTERED CHARITY NUMBER: 1126938

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Collingham Community Trust Limited

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

Notes to the Financial Statements

7

to

9

TRUSTEES

S Jarret

T J Nash

S N Wright

COMPANY SECRETARY

T J Nash

REGISTERED OFFICE

Millennium Green Business Centre

Rio Drive

Collingham

Nottinghamshire

NG23 7NB

REGISTERED COMPANY NUMBER

04342407 (England and Wales)

REGISTERED CHARITY NUMBER

1126938

INDEPENDENT EXAMINER

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity is established to promote any charitable purpose for the benefit of the inhabitants of Collingham, Nottinghamshire and the surrounding area (the area of benefit), by associating together with the inhabitant and the statutory authorities, voluntary and other private or public sector organisations.

The policy of the charity is to channel all incoming funds to the point of need as expeditiously as possible, consistent with due diligence evaluations of grant requests and any restrictions placed by donors on the uses of which their donations can be put.

Public benefit

The Trustees have considered, in conjunction with the guidance contained in the Charity Commissions general guidance, public benefit have concluded:

- That the aims of the organisation continue to be charitable;

- That the aims and work done give identifiable benefits to the charitable sector both indirectly and directly to individuals in need;

- That the benefits are for the public, are not unreasonably restricted in any way and certainly not by ability to pay; and

- That there is no detriment or harm arising from the aims or activities.

Grantmaking

The Trust's procedures for processing grants, includes a requirement for the recipient to be nominated by third-parties, and to then apply setting out the purpose to which the grant will be put. The application and its contents is then vetted and verified by a team of volunteer Grant Administrators who approve the payment before it is made.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

During the financial year ending 31 March 2022, the Trust awarded grants to 71 local charities and good causes totalling £45,500. These grants enabled the recipient charities and good causes concerned, which were predominantly small and local, to continue their work in supporting local disadvantaged people through COVID and economy-related hardship.

FINANCIAL REVIEW

Financial review and reserves policy

The trustees aim to maintain a sufficient level of reserves to ensure the continuity of the charity's activities. The charity has no running costs or potential liabilities as it is run by volunteers operating from premises that are provided free of charge.

At 31 March 2022, the charity held reserves of £15,534 of which £15,500 is restricted to be awarded to beneficiaries as requested by donors once the charity's due diligence process has been carried out.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution

Collingham Community Trust Limited is a company limited by guarantee and registered under the Companies Act 1985, registration number 04342407. It is also a registered charity, charity number 1126938.

Recruitment and appointment of new trustees

New trustees are appointed as and when seems fit according tot he needs of the charity. New trustees would already be aware of the work of the charity and are supplied with an induction package are encouraged to familiarise themselves with the overall management and the organisation and administration procedures.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 6 July 2022 and signed on its behalf by:

T J Nash - Trustee

Independent examiner's report to the trustees of Collingham Community Trust Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Paul Colcomb

FCCA

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

7 July 2022

2022

2021

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

299

50,000

50,299

22,956

EXPENDITURE ON

Charitable activities

2

Charitable Activities

-

45,500

45,500

11,650

Other

315

-

315

256

Total

315

45,500

45,815

11,906

NET INCOME/(EXPENDITURE)

(16

)

4,500

4,484

11,050

RECONCILIATION OF FUNDS

Total funds brought forward

50

11,000

11,050

-

TOTAL FUNDS CARRIED FORWARD

34

15,500

15,534

11,050

2022

2021

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

CURRENT ASSETS

Cash at bank

34

15,500

15,534

11,050

NET CURRENT ASSETS

34

15,500

15,534

11,050

TOTAL ASSETS LESS CURRENT LIABILITIES

34

15,500

15,534

11,050

NET ASSETS

34

15,500

15,534

11,050

FUNDS

6

Unrestricted funds

34

50

Restricted funds

15,500

11,000

TOTAL FUNDS

15,534

11,050

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 6 July 2022 and were signed on its behalf by:

T J Nash - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise 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.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

£

Charitable Activities

45,500

3.	SUPPORT COSTS

Governance

Management

Finance

costs

Totals

£

£

£

£

Other resources expended

13

2

300

315

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

5.	ANALYSIS OF GRANTS

Recipients of grants to institutions:

Community Support

2022

2021

Collingham Preschool

1,500

-

Friends of Trent Vale

2,000

-

Other community Support

22,250

4,650

Support of Local Provisions

Beaumond House

3,000

1,000

Children's Bereavement Centre

1,500

1,000

Collingham Village Care

1,750

-

Other Support of Local Provisions

9,500

2,000

Animal Welfare

Halfway Home Dog Rescue

2,000

500

Parrot Zoo Trust

500

-

Pelican Trust

500

-

Local Fundraising Initiatives

-

2,500

RSPB

500

Environment Support

Juvenile Diabetes

500

-

Total

45,500

11,650

6.	MOVEMENT IN FUNDS

Net

movement

At

At 1/4/21

in funds

31/3/22

£

£

£

Unrestricted funds

General fund

50

(16

)

34

Restricted funds

Restricted fund

11,000

4,500

15,500

TOTAL FUNDS

11,050

4,484

15,534

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

299

(315

)

(16

)

Restricted funds

Restricted fund

50,000

(45,500

)

4,500

TOTAL FUNDS

50,299

(45,815

)

4,484

Comparatives for movement in funds

Net

movement

At

in funds

31/3/21

£

£

Unrestricted funds

General fund

50

50

Restricted funds

Restricted fund

11,000

11,000

TOTAL FUNDS

11,050

11,050

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

306

(256

)

50

Restricted funds

Restricted fund

22,650

(11,650

)

11,000

TOTAL FUNDS

22,956

(11,906

)

11,050

The restricted funds of £15,500 relates to donations received but not yet awarded to local institutions.

7.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022 (31 March 2021 - £nil).