Toll Rides (Off Road) Trust Charity Accounts
Toll Rides (Off Road) Trust Charity Accounts
COMPANY REGISTRATION NUMBER:
02723698
CHARITY REGISTRATION NUMBER:
1020850
|
Company Limited by Guarantee |
|
|
|
Company Limited by Guarantee |
Financial Statements |
Year ended 30 April 2023
Page |
|
Trustees' annual report (incorporating the director's report) |
1 |
Statement of financial activities (including income and expenditure account) |
3 |
Statement of financial position |
4 |
Statement of cash flows |
5 |
Notes to the financial statements |
6 |
|
Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Year ended 30 April 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended
30 April 2023
.
Reference and administrative details
Registered charity name |
|
Charity registration number |
|
Company registration number |
|
Principal office and registered |
Sportsman Farm |
office |
St Michaels |
Tenterden |
|
Kent |
|
TN30 6SY |
|
The trustees
|
||
|
||
|
||
Company secretary |
|
Accountants |
|
Accountants |
|
Sportsman Farm |
|
St Michaels |
|
Tenterden |
|
Kent |
|
TN30 6SY |
|
Structure, governance and management
Responsibility for compliance is that of the Trustees, who consult as and when needed with appropriate professionals. Any issues out of the ordinary are communicated to the Trustees by email or telephone. The Trustees hold meetings on a very regular basis.
Objectives and activities
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
The membership were asked to provide feedback on TROT, it's service and it's routes. Their responses will be used to prioritise tasks to be undertaken during 2023-2024.
Financial review
Regular Solvency Tests and Reviews of Income and Expenditure are drawn up and reviewed by the Trustees on a regular basis both at formal meetings and via email or informal meetings.
Plans for future periods
Objectives for 2023-2024 include increased policing of routes, continuation of the member recruitment programme.
The trustees' annual report and the strategic report were approved on
11 August 2023
and signed on behalf of the board of trustees by:
|
|
Trustee |
Charity Secretary |
|
Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
Year ended 30 April 2023
2023 |
2022 |
||
Unrestricted funds |
Total funds |
Total funds |
|
Note |
£ |
£ |
£ |
Income and endowments
Donations and legacies |
5 |
|
|
|
Other trading activities |
6 |
(
|
(
|
(
|
Investment income |
7 |
|
|
|
-------- |
-------- |
-------- |
||
Total income |
|
|
|
|
-------- |
-------- |
-------- |
||
Expenditure
Expenditure on raising funds:
Costs of other trading activities |
8 |
242 |
242 |
333 |
|
Expenditure on charitable activities |
9,10 |
|
|
|
|
-------- |
-------- |
-------- |
|||
Total expenditure |
|
|
|
||
-------- |
-------- |
-------- |
|||
-------- |
-------- |
-------- |
|
Net income and net movement in funds |
|
|
|
-------- |
-------- |
-------- |
|
Reconciliation of funds
Total funds brought forward |
|
|
|
--------- |
--------- |
--------- |
|
Total funds carried forward |
|
|
|
--------- |
--------- |
--------- |
|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
|
Company Limited by Guarantee |
Statement of Financial Position |
2023 |
2022 |
||
Note |
£ |
£ |
£ |
Current assets
Debtors |
14 |
– |
|
|
Cash at bank and in hand |
|
|
||
--------- |
--------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
15 |
|
|
|
--------- |
--------- |
|||
Net current assets |
|
|
||
--------- |
--------- |
|||
Total assets less current liabilities |
|
|
||
Creditors: amounts falling due after more than one year |
16 |
|
|
|
--------- |
--------- |
|||
Net assets |
|
|
||
--------- |
--------- |
|||
Funds of the charity
Unrestricted funds |
|
|
||
--------- |
--------- |
|||
Total charity funds |
17 |
|
|
|
--------- |
--------- |
|||
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of trustees
and authorised for issue on
11 August 2023
, and are signed on behalf of the board by:
|
|
Trustee |
|
|
Company Limited by Guarantee |
Statement of Cash Flows |
Year ended 30 April 2023
2023 |
2022 |
|
£ |
£ |
|
Cash flows from operating activities
Net income |
20,285 |
14,759 |
Adjustments for: |
||
Other interest receivable and similar income |
(
|
(
|
Interest payable and similar charges |
|
|
Changes in: |
||
Trade and other debtors |
|
(
|
Trade and other creditors |
(
|
|
-------- |
-------- |
|
Cash generated from operations |
|
|
Interest paid |
(
|
(
|
Interest received |
|
|
-------- |
-------- |
|
Net cash from operating activities |
|
|
-------- |
-------- |
|
Net increase in cash and cash equivalents |
|
|
Cash and cash equivalents at beginning of year |
350,433 |
323,780 |
--------- |
--------- |
|
Cash and cash equivalents at end of year |
|
|
--------- |
--------- |
|
|
Company Limited by Guarantee |
Notes to the Financial Statements |
Year ended 30 April 2023
1.
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Sportsman Farm, St Michaels, Tenterden, Kent, TN30 6SY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer and Fixtures |
- |
|
|
Bridges & Gates |
- |
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
4.
Limited by guarantee
5.
Donations and legacies
Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
£ |
||
Donations
Fees Received |
52,728 |
52,728 |
61,079 |
61,079 |
|
-------- |
-------- |
-------- |
-------- |
||
6.
Other trading activities
Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
£ |
||
Hatbands |
(
|
(
|
(
|
(
|
|
------- |
------- |
------- |
------- |
||
7.
Investment income
Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
£ |
||
Bank interest receivable |
|
|
|
|
|
------- |
------- |
---- |
---- |
||
8.
Costs of other trading activities
Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
£ |
||
Costs of other trading activities - Membership schemes and social lotteries |
242 |
242 |
333 |
333 |
|
---- |
---- |
---- |
---- |
||
9.
Expenditure on charitable activities by fund type
Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
£ |
||
Support costs |
30,953 |
30,953 |
43,917 |
43,917 |
|
-------- |
-------- |
-------- |
-------- |
||
10.
Expenditure on charitable activities by activity type
Support costs |
Total funds 2023 |
Total fund 2022 |
||
£ |
£ |
£ |
||
Governance costs |
30,953 |
30,953 |
43,917 |
|
-------- |
-------- |
-------- |
||
11.
Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2023 |
2022 |
|
£ |
£ |
|
Wages and salaries |
|
|
-------- |
-------- |
|
The average head count of employees during the year was Nil
(2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
12.
Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13.
Tangible fixed assets
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 May 2022 and 30 April 2023 |
|
|
|
-------- |
-------- |
-------- |
|
Depreciation |
|||
At 1 May 2022 and 30 April 2023 |
|
|
|
-------- |
-------- |
-------- |
|
Carrying amount |
|||
At 30 April 2023 |
– |
– |
– |
-------- |
-------- |
-------- |
|
At 30 April 2022 |
– |
– |
– |
-------- |
-------- |
-------- |
|
14.
Debtors
2023 |
2022 |
|
£ |
£ |
|
Trade debtors |
– |
|
---- |
-------- |
|
15.
Creditors:
amounts falling due within one year
2023 |
2022 |
|
£ |
£ |
|
Trade creditors |
|
|
Social security and other taxes |
– |
|
Ring Fenced Funds |
|
|
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
16.
Creditors:
amounts falling due after more than one year
2023 |
2022 |
|
£ |
£ |
|
Other creditors |
|
|
------- |
------- |
|
17.
Analysis of charitable funds
Unrestricted funds
At 1 May 2022 |
Income |
Expenditure |
At 30 April 2023 |
|
£ |
£ |
£ |
£ |
|
General funds |
178,826 |
51,480 |
(31,195) |
199,111 |
--------- |
-------- |
-------- |
--------- |
|
At 1 May 2021 |
Income |
Expenditure |
At 30 April 2022 |
|
£ |
£ |
£ |
£ |
|
General funds |
164,067 |
59,009 |
(44,250) |
178,826 |
--------- |
-------- |
-------- |
--------- |
|
18.
Analysis of changes in net debt
At 1 May 2022 |
Cash flows |
At 30 Apr 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
5,962 |
|
--------- |
------- |
--------- |
|